Dorman Products (NASDAQ:DORM - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Friday.
Dorman Products Price Performance
NASDAQ DORM traded down $1.74 on Friday, reaching $125.00. The company had a trading volume of 221,999 shares, compared to its average volume of 145,970. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.82 billion, a PE ratio of 20.90 and a beta of 0.84. The firm's 50 day moving average price is $128.00 and its 200 day moving average price is $125.85. Dorman Products has a 12 month low of $86.61 and a 12 month high of $146.60.
Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.21. The company had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. As a group, equities analysts predict that Dorman Products will post 6.9 earnings per share for the current year.
Insider Transactions at Dorman Products
In related news, Director Steven L. Berman sold 9,238 shares of Dorman Products stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the completion of the transaction, the director now directly owns 788,688 shares of the company's stock, valued at approximately $104,682,558.24. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,605 shares of company stock worth $4,414,924 in the last three months. Insiders own 10.00% of the company's stock.
Institutional Investors Weigh In On Dorman Products
Several large investors have recently added to or reduced their stakes in DORM. Fuller & Thaler Asset Management Inc. purchased a new stake in Dorman Products in the 4th quarter valued at about $42,495,000. Norges Bank purchased a new stake in Dorman Products in the 4th quarter valued at about $41,047,000. Oberweis Asset Management Inc. purchased a new stake in Dorman Products in the 4th quarter valued at about $23,283,000. Wellington Management Group LLP boosted its position in Dorman Products by 1,136.2% in the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock valued at $22,635,000 after buying an additional 160,584 shares during the period. Finally, Cercano Management LLC purchased a new stake in Dorman Products in the 4th quarter valued at about $16,328,000. 84.70% of the stock is owned by hedge funds and other institutional investors.
Dorman Products Company Profile
(
Get Free Report)
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.
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