Dorman Products (NASDAQ:DORM) Upgraded at Wall Street Zen

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

Other research analysts have also recently issued reports about the stock. BMO Capital Markets initiated 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. Roth Capital upped their price target on shares of Dorman Products to $182.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Wells Fargo & Company initiated coverage on shares of Dorman Products in a report on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price target on the stock. Weiss Ratings upgraded shares of Dorman Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Finally, Stephens initiated coverage on shares of Dorman Products in a report on Tuesday, September 30th. They set an “overweight” rating and a $185.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, Dorman Products currently has an average rating of “Buy” and an average target price of $175.00.

Dorman Products Trading Up 0.5%

NASDAQ DORM opened at $143.81 on Friday. The company’s 50-day moving average price is $154.72 and its 200-day moving average price is $133.96. 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 stock has a market cap of $4.39 billion, a PE ratio of 19.57 and a beta of 0.84. Dorman Products has a 12 month low of $106.95 and a 12 month high of $166.89.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.30. The firm had revenue of $540.96 million for the quarter, compared to analysts’ expectations of $517.13 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities research analysts forecast that Dorman Products will post 6.9 earnings per share for the current year.

Insider Activity

In other news, CAO Gregory C. Bowen sold 1,453 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $162.81, for a total value of $236,562.93. Following the sale, the chief accounting officer directly owned 4,659 shares in the company, valued at approximately $758,531.79. This trade represents a 23.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 820 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were 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 in the company, 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. 8.90% of the stock is owned by corporate insiders.

Institutional Trading of Dorman Products

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Dorman Products by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company’s stock valued at $17,031,000 after buying an additional 3,206 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Dorman Products by 12.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,493 shares of the auto parts company’s stock valued at $301,000 after buying an additional 277 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dorman Products by 40.8% in the 1st quarter. GAMMA Investing LLC now owns 945 shares of the auto parts company’s stock valued at $114,000 after buying an additional 274 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Dorman Products by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 24,741 shares of the auto parts company’s stock valued at $2,982,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Dorman Products by 42.5% in the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock valued at $61,000 after buying an additional 150 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

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.