Dorman Products (NASDAQ:DORM) Raised to "Strong-Buy" at StockNews.com

StockNews.com upgraded shares of Dorman Products (NASDAQ:DORM - Free Report) from a buy rating to a strong-buy rating in a research note released on Friday.

Separately, Roth Mkm reissued a "buy" rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th.

Dorman Products Price Performance

NASDAQ DORM traded down $0.26 on Friday, reaching $131.20. The company's stock had a trading volume of 341,435 shares, compared to its average volume of 187,581. Dorman Products has a twelve month low of $86.61 and a twelve month high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm's 50 day moving average is $128.60 and its two-hundred day moving average is $124.42. The stock has a market cap of $4.00 billion, a PE ratio of 21.94 and a beta of 0.88.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.99 by $0.21. The business had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. As a group, sell-side analysts predict that Dorman Products will post 6.9 EPS for the current year.

Insiders Place Their Bets

In related news, Director Steven L. Berman sold 617 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the completion of the transaction, the director now owns 832,910 shares of the company's stock, valued at approximately $102,639,499.30. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Mcknight sold 8,185 shares of Dorman Products stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the transaction, the insider now owns 8,902 shares in the company, valued at approximately $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,533 shares of company stock worth $6,619,683 over the last ninety days. 10.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DORM. Captrust Financial Advisors grew its holdings in shares of Dorman Products by 4.3% during the 4th 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 in the last quarter. HighPoint Advisor Group LLC boosted its position in Dorman Products by 3.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company's stock valued at $308,000 after purchasing an additional 83 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Dorman Products by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company's stock valued at $617,000 after purchasing an additional 84 shares in the last quarter. Pitcairn Co. increased its position in Dorman Products by 2.0% in the 4th quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company's stock worth $582,000 after purchasing an additional 86 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in shares of Dorman Products by 3.3% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

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.