Dorman Products (NASDAQ:DORM) Upgraded by StockNews.com to Strong-Buy Rating

Dorman Products (NASDAQ:DORM - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Friday.

Dorman Products Trading Up 2.1 %

Shares of DORM stock traded up $2.24 during trading hours on Friday, reaching $110.53. 173,483 shares of the stock traded hands, compared to its average volume of 173,116. 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 firm has a market capitalization of $3.38 billion, a PE ratio of 18.48 and a beta of 0.87. Dorman Products has a 1-year low of $86.61 and a 1-year high of $146.60. The business has a fifty day moving average price of $122.40 and a 200 day moving average price of $126.85.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, equities research analysts forecast that Dorman Products will post 6.9 EPS for the current year.

Insider Activity

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven L. Berman sold 9,238 shares of the business's stock in a transaction on 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 transaction, the director now owns 788,688 shares in the company, valued at approximately $104,682,558.24. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,137 shares of company stock worth $2,790,044 in the last 90 days. Company insiders own 10.00% of the company's stock.

Institutional Investors Weigh In On Dorman Products

Several institutional investors have recently made changes to their positions in DORM. Captrust Financial Advisors lifted its stake in Dorman Products by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company's stock valued at $247,000 after acquiring an additional 79 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in shares of Dorman Products by 3.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company's stock worth $308,000 after buying an additional 83 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Dorman Products by 1.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company's stock worth $617,000 after acquiring an additional 84 shares in the last quarter. Pitcairn Co. raised its stake in shares of Dorman Products by 2.0% in the 4th quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company's stock valued at $582,000 after acquiring an additional 86 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in Dorman Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock worth $350,000 after purchasing an additional 87 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.