Dorman Products (NASDAQ:DORM) Reaches New 12-Month High - Here's Why

Key Points

• Shares of Dorman Products reached a new 52-week high of $165.40, indicating strong market interest and a rise in investor confidence.
• Analysts have upgraded the stock to a consensus rating of "Buy"**, with a target price ranging up to **$182.00**, signaling potential for further gains.
• In its latest quarterly earnings report, Dorman Products reported an EPS of **$2.06**, surpassing expectations and reflecting a **7.6%** year-over-year revenue increase.

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $165.40 and last traded at $163.09, with a volume of 9897 shares changing hands. The stock had previously closed at $163.67.

Analysts Set New Price Targets

DORM has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on shares of Dorman Products in a report on Friday, August 22nd. They issued an "overweight" rating and a $175.00 price target on the stock. Zacks Research raised shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Wall Street Zen lowered shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Roth Capital increased their price objective on shares of Dorman Products to $182.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $170.00.

Dorman Products Stock Down 1.4%

The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4.93 billion, a PE ratio of 21.95 and a beta of 0.82. The business's 50-day simple moving average is $141.76 and its 200-day simple moving average is $129.42.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The company had revenue of $540.96 million during the quarter, compared to analyst estimates of $517.13 million. During the same period last year, the firm posted $1.67 EPS. Dorman Products's revenue for the quarter was up 7.6% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other news, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the transaction, the senior vice president directly owned 19,074 shares of the company's stock, valued at $2,331,033.54. The trade was a 4.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dorman Products

Several institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. increased its holdings in shares of Dorman Products by 1,147.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,726 shares of the auto parts company's stock valued at $691,000 after purchasing an additional 5,267 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Dorman Products by 0.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,673 shares of the auto parts company's stock valued at $2,904,000 after purchasing an additional 195 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Dorman Products by 30.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 428 shares of the auto parts company's stock valued at $53,000 after purchasing an additional 100 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Dorman Products by 5.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 102,176 shares of the auto parts company's stock valued at $12,534,000 after purchasing an additional 4,975 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Dorman Products in the 2nd quarter valued at $159,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.