Dorman Products (NASDAQ:DORM – Get Free Report) had its price objective decreased by equities researchers at Wells Fargo & Company from $160.00 to $150.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 20.86% from the stock’s previous close.
DORM has been the subject of a number of other research reports. Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Freedom Capital cut Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Roth Capital reiterated a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Dorman Products presently has a consensus rating of “Moderate Buy” and an average price target of $147.50.
Check Out Our Latest Stock Report on DORM
Dorman Products Trading Down 2.7%
Dorman Products stock traded down $3.38 during trading hours on Friday, reaching $124.11. The stock had a trading volume of 52,595 shares, compared to its average volume of 254,712. The company has a fifty day simple moving average of $126.16 and a 200-day simple moving average of $125.79. Dorman Products has a 52 week low of $98.44 and a 52 week high of $164.00. The stock has a market cap of $3.68 billion, a PE ratio of 17.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73.
Dorman Products (NASDAQ:DORM – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The company had revenue of $544.60 million during the quarter, compared to the consensus estimate of $582.24 million. During the same period in the prior year, the firm earned $2.06 earnings per share. Dorman Products’s revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Analysts forecast that Dorman Products will post 8.65 EPS for the current fiscal year.
Insider Buying and Selling at Dorman Products
In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the sale, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at $774,353.40. This represents a 39.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.70% of the company’s stock.
Hedge Funds Weigh In On Dorman Products
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Reinhart Partners LLC. grew its holdings in shares of Dorman Products by 1.8% in the 3rd quarter. Reinhart Partners LLC. now owns 696,562 shares of the auto parts company’s stock worth $85,399,000 after acquiring an additional 12,180 shares during the period. GAMMA Investing LLC raised its holdings in shares of Dorman Products by 32.9% in the third quarter. GAMMA Investing LLC now owns 857 shares of the auto parts company’s stock worth $105,000 after acquiring an additional 212 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Dorman Products by 301.5% in the 3rd quarter. Versant Capital Management Inc now owns 542 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 407 shares in the last quarter. QRG Capital Management Inc. boosted its position in Dorman Products by 9.5% during the second quarter. QRG Capital Management Inc. now owns 2,500 shares of the auto parts company’s stock worth $341,000 after acquiring an additional 217 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in Dorman Products by 63.8% in the 2nd quarter. Tidal Investments LLC now owns 6,595 shares of the auto parts company’s stock worth $900,000 after buying an additional 2,568 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.
About Dorman Products
Dorman Products, Inc develops, manufactures and distributes replacement and upgrade parts for automobiles, light-, medium- and heavy-duty trucks, and other vehicles. Its products are sold primarily through the automotive aftermarket, serving professional repair shops, retailers, distributors, e-commerce channels and do-it-yourself consumers.
The company offers a broad range of products, including engine, transmission, cooling, electrical, steering, suspension, braking, chassis and body components.
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