Brokerages Set Dorman Products, Inc. (NASDAQ:DORM) Price Target at $180.50

by · The Cerbat Gem

Shares of Dorman Products, Inc. (NASDAQ:DORM – Get Free Report) have been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $180.50.

DORM has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Stephens assumed coverage on shares of Dorman Products in a report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 target price for the company. Wall Street Zen downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. BMO Capital Markets started coverage on shares of Dorman Products in a report on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Dorman Products in a report on Monday.

Get Our Latest Research Report on Dorman Products

Insider Buying and Selling

In other news, insider John Mcknight sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $128.80, for a total value of $257,600.00. Following the transaction, the insider directly owned 9,112 shares in the company, valued at $1,173,625.60. This trade represents a 18.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is owned by corporate insiders.

Institutional Trading of Dorman Products

A number of institutional investors and hedge funds have recently bought and sold shares of DORM. TD Private Client Wealth LLC lifted its position in Dorman Products by 5.9% during the third quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock valued at $227,000 after buying an additional 81 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 83 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Dorman Products by 0.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock valued at $1,487,000 after acquiring an additional 86 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Dorman Products by 26.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 88 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Dorman Products by 2.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the auto parts company’s stock worth $514,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Trading Up 0.7%

Shares of Dorman Products stock opened at $124.10 on Monday. Dorman Products has a fifty-two week low of $106.95 and a fifty-two week high of $166.89. The business’s fifty day moving average is $129.92 and its two-hundred day moving average is $137.83. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. The firm has a market cap of $3.79 billion, a PE ratio of 15.45 and a beta of 0.91.

Dorman Products (NASDAQ:DORM – Get Free Report) last released its earnings results on Monday, October 27th. The auto parts company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.31 by $0.31. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.The firm had revenue of $543.74 million during the quarter, compared to analyst estimates of $548.60 million. During the same period in the prior year, the firm posted $1.96 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Analysts anticipate that Dorman Products will post 6.9 earnings per share for the current year.

Dorman Products Company Profile

(Get Free Report)

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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