StockNews.com upgraded shares of Dorman Products (NASDAQ:DORM - Free Report) from a buy rating to a strong-buy rating in a research report released on Monday.
Separately, Roth Mkm restated a "buy" rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $125.67.
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Dorman Products Stock Performance
Shares of NASDAQ DORM traded down $2.61 during midday trading on Monday, reaching $126.84. The company's stock had a trading volume of 159,732 shares, compared to its average volume of 189,233. The stock has a market capitalization of $3.87 billion, a P/E ratio of 21.21 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm has a 50 day moving average price of $132.12 and a 200-day moving average price of $121.45. Dorman Products has a 12-month low of $80.28 and a 12-month high of $146.60.
Insider Transactions at Dorman Products
In related news, Director Steven L. Berman sold 8,524 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the completion of the transaction, the director now owns 773,094 shares of the company's stock, valued at approximately $101,886,058.26. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donna M. Long sold 3,277 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the sale, the senior vice president now directly owns 20,126 shares in the company, valued at $2,712,783.54. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,088 shares of company stock worth $7,524,211. 10.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On Dorman Products
Large investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. purchased a new stake in shares of Dorman Products in the 3rd quarter valued at about $29,000. Jones Financial Companies Lllp increased its position in shares of Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after purchasing an additional 197 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Dorman Products during the third quarter valued at approximately $31,000. Finally, Quent Capital LLC bought a new stake in Dorman Products during the fourth quarter valued at approximately $31,000. Institutional investors own 84.70% of the company's stock.
Dorman Products Company Profile
(
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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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