Dorman Products (NASDAQ:DORM – Get Free Report) had its price target hoisted by equities research analysts at Wells Fargo & Company from $155.00 to $160.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.73% from the stock’s current price.
Several other research firms have also weighed in on DORM. Roth Capital restated a “buy” rating on shares of Dorman Products in a report on Wednesday. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.33.
Get Our Latest Stock Analysis on DORM
Dorman Products Trading Down 2.2%
Dorman Products (NASDAQ:DORM – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $1.89 by $1.19. The company had revenue of $544.60 million for the quarter, compared to analysts’ expectations of $582.24 million. Dorman Products had a return on equity of 19.50% and a net margin of 10.18%.The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 earnings per share. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, research analysts predict that Dorman Products will post 8.22 EPS for the current fiscal year.
Institutional Investors Weigh In On Dorman Products
A number of institutional investors and hedge funds have recently modified their holdings of DORM. Reinhart Partners LLC. purchased a new position in Dorman Products during the 2nd quarter valued at $93,386,000. Westfield Capital Management Co. LP bought a new stake in shares of Dorman Products during the fourth quarter worth $56,940,000. Victory Capital Management Inc. boosted its stake in shares of Dorman Products by 4,111.8% during the fourth quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock valued at $45,098,000 after purchasing an additional 357,395 shares during the period. Norges Bank purchased a new stake in shares of Dorman Products during the fourth quarter valued at $41,488,000. Finally, Jennison Associates LLC grew its holdings in shares of Dorman Products by 22.1% in the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock worth $100,250,000 after purchasing an additional 147,233 shares during the last quarter. 84.70% of the stock is owned by institutional investors.
About Dorman Products
Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
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