Shares of Dorman Products, Inc. (NASDAQ:DORM) have been given an average rating of “Hold” by the seven brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $70.50.
Several equities research analysts recently commented on DORM shares. BidaskClub cut Dorman Products from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 14th. Zacks Investment Research raised Dorman Products from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. CL King raised Dorman Products from a “neutral” rating to a “strong-buy” rating in a research note on Wednesday, January 3rd. Finally, Barrington Research reissued a “hold” rating on shares of Dorman Products in a research note on Tuesday, February 27th.
In related news, SVP Jeffery Darby sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total value of $80,047.00. Following the completion of the sale, the senior vice president now directly owns 13,488 shares in the company, valued at approximately $981,521.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.70% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HPM Partners LLC lifted its holdings in Dorman Products by 16.8% in the 4th quarter. HPM Partners LLC now owns 7,730 shares of the auto parts company’s stock worth $473,000 after purchasing an additional 1,112 shares during the last quarter. American International Group Inc. lifted its holdings in Dorman Products by 5.6% in the 3rd quarter. American International Group Inc. now owns 22,055 shares of the auto parts company’s stock worth $1,580,000 after purchasing an additional 1,178 shares during the last quarter. Washington Capital Management Inc. lifted its holdings in Dorman Products by 18.2% in the 4th quarter. Washington Capital Management Inc. now owns 7,800 shares of the auto parts company’s stock worth $477,000 after purchasing an additional 1,200 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in Dorman Products by 12.8% in the 4th quarter. OppenheimerFunds Inc. now owns 10,677 shares of the auto parts company’s stock worth $653,000 after purchasing an additional 1,208 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Dorman Products by 8.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 16,893 shares of the auto parts company’s stock worth $1,033,000 after purchasing an additional 1,286 shares during the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.
Shares of NASDAQ DORM opened at $67.39 on Thursday. The company has a market capitalization of $2,264.30, a P/E ratio of 20.12, a PEG ratio of 1.46 and a beta of 0.91. Dorman Products has a 52 week low of $60.93 and a 52 week high of $88.50.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The business had revenue of $227.72 million during the quarter, compared to analysts’ expectations of $234.58 million. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. research analysts expect that Dorman Products will post 4.2 earnings per share for the current year.
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Dorman Products Company Profile
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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