Dorman Products (NASDAQ:DORM) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Dorman Products (NASDAQ:DORM) from a buy rating to a strong-buy rating in a report issued on Saturday.

Several other equities analysts have also issued reports on the stock. Roth Capital lifted their target price on shares of Dorman Products to $182.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings raised Dorman Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Wells Fargo & Company started coverage on Dorman Products in a report on Friday, August 22nd. They issued an “overweight” rating and a $175.00 target price on the stock. Stephens assumed coverage on Dorman Products in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 target price on the stock. Finally, BMO Capital Markets initiated coverage on Dorman Products in a research report on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $175.00.

Dorman Products Stock Performance

Shares of DORM stock opened at $143.05 on Friday. Dorman Products has a 12 month low of $106.95 and a 12 month high of $166.89. The stock has a market cap of $4.37 billion, a PE ratio of 19.46 and a beta of 0.84. 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’s fifty day moving average price is $154.70 and its 200-day moving average price is $133.64.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business earned $1.67 EPS. Dorman Products’s quarterly revenue 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. On average, equities analysts expect that Dorman Products will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, CAO Gregory C. Bowen sold 1,453 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $162.81, for a total transaction of $236,562.93. Following the transaction, the chief accounting officer owned 4,659 shares in the company, valued at approximately $758,531.79. This represents a 23.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the sale, the senior vice president owned 19,074 shares of the company’s stock, valued at $2,331,033.54. This represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in shares of Dorman Products by 101.2% during the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after buying an additional 83 shares during the period. Salem Investment Counselors Inc. purchased a new stake in Dorman Products during the third quarter valued at $27,000. EverSource Wealth Advisors LLC lifted its holdings in Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 202 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Dorman Products by 961.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 298 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Dorman Products by 130.9% in the third quarter. Farther Finance Advisors LLC now owns 411 shares of the auto parts company’s stock worth $64,000 after purchasing an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

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.