Dorman Products (NASDAQ:DORM) was upgraded by stock analysts at CL King from a “neutral” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, January 3rd, Marketbeat.com reports.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Jefferies Group reissued a “hold” rating and set a $75.00 price target on shares of Dorman Products in a research note on Sunday, October 29th. BidaskClub lowered Dorman Products from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 14th. B. Riley reissued a “neutral” rating and set a $65.00 price target (down from $75.00) on shares of Dorman Products in a research note on Wednesday, November 1st. Finally, FBR & Co reissued a “neutral” rating and set a $65.00 price target (down from $75.00) on shares of Dorman Products in a research note on Monday, October 30th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Dorman Products currently has a consensus rating of “Hold” and an average price target of $68.33.
Dorman Products (NASDAQ DORM) traded up $0.76 during trading on Wednesday, reaching $71.74. The company had a trading volume of 154,997 shares, compared to its average volume of 298,850. The stock has a market capitalization of $2,420.00, a PE ratio of 21.67, a PEG ratio of 1.70 and a beta of 0.61. Dorman Products has a 12 month low of $60.93 and a 12 month high of $88.50.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Friday, October 27th. The auto parts company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). The company had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $233.56 million. Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. equities analysts predict that Dorman Products will post 3.34 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its holdings in shares of Dorman Products by 3.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock worth $115,000 after buying an additional 41 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Dorman Products in the second quarter worth approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Dorman Products by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock worth $119,000 after buying an additional 118 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Dorman Products by 10.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock worth $120,000 after buying an additional 139 shares during the period. Finally, Winslow Evans & Crocker Inc. raised its holdings in shares of Dorman Products by 1,740.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock worth $132,000 after buying an additional 1,740 shares during the period. 76.23% of the stock is owned by institutional investors and hedge funds.
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Dorman Products Company Profile
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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