Dorman Products - DORM Stock Forecast, Price & News

Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and oil drain plugs, and wheel bolts and lug nuts. The company also provides automotive replacement parts, including door handles, keyless remotes and cases, and door hinge repairs; and heavy duty aftermarket parts for class 4-8 vehicles, such as lighting, cooling, engine management, wheel hardware, air tanks, and cab products. It offers powertrain products comprising cooling products, harmonic balancers, fluid lines and reservoirs, connectors, 4-wheel drive components, other engine, and transmission and axle components; and chassis products, such as control arms, ball joints, tie-rod ends, brake hardware and hydraulics, axle hardware, suspension arms, knuckles, links, bushings, leaf springs, other suspension, steering, and brake components. The company also provides automotive body products, including window lift motors, switches and handles, wiper, and other interior and exterior automotive body components; and hardware products comprising threaded bolts; automotive and home electrical wiring components; and other hardware assortments and merchandise. It offers its products under the OE Solutions, HELP!, OE FIX, Conduct-Tite, and HD Solutions brands through automotive aftermarket retailers, such as on-line platforms; national, regional, and local warehouse distributors; and specialty markets; salvage yards; local independent parts wholesalers; and mass merchants. The company was founded in 1918 and is headquartered in Colmar, Pennsylvania.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barrington Research increased their price objective on Dorman Products from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, June 10th. StockNews.com lowered Dorman Products from a "buy" rating to a "hold" rating in a report on Saturday, August 6th. MKM Partners initiated coverage on Dorman Products in a report on Wednesday, May 18th. They issued a "buy" rating and a $129.00 target price on the stock. Finally, Stephens lowered their target price on Dorman Products to $97.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th.

Dorman Products Trading Up 1.8 %

DORM traded up $1.86 during midday trading on Monday, reaching $106.14. The company's stock had a trading volume of 111,983 shares, compared to its average volume of 113,250. The stock has a market cap of $3.34 billion, a P/E ratio of 23.59 and a beta of 0.52. The company has a fifty day simple moving average of $105.62 and a 200 day simple moving average of $99.39. Dorman Products has a twelve month low of $88.43 and a twelve month high of $122.96.

Dorman Products (NASDAQ:DORM - Get Rating) last announced its quarterly earnings data on Monday, July 25th. The auto parts company reported $1.29 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.02). Dorman Products had a return on equity of 17.00% and a net margin of 8.96%. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $400.57 million. During the same quarter in the prior year, the business posted $1.10 EPS. Dorman Products's revenue was up 34.4% compared to the same quarter last year. Sell-side analysts expect that Dorman Products will post 5.09 earnings per share for the current year.