Dorman Products (NASDAQ:DORM - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Roth Mkm in a report issued on Monday, Benzinga reports. They currently have a $153.00 target price on the auto parts company's stock, up from their previous target price of $126.00. Roth Mkm's price target would suggest a potential upside of 14.41% from the company's previous close.
Separately, CJS Securities started coverage on Dorman Products in a research note on Friday, September 13th. They issued an "outperform" rating and a $134.00 target price on the stock. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $125.67.
Read Our Latest Stock Analysis on DORM
Dorman Products Stock Performance
Dorman Products stock traded up $5.94 during trading hours on Monday, hitting $133.73. 250,017 shares of the stock traded hands, compared to its average volume of 130,060. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19. The firm's 50 day moving average price is $113.58 and its 200-day moving average price is $101.50. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 22.27 and a beta of 0.83. Dorman Products has a 1 year low of $66.07 and a 1 year high of $135.02.
Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.43. The business had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a return on equity of 17.15% and a net margin of 9.43%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 EPS. As a group, equities analysts expect that Dorman Products will post 6.15 EPS for the current fiscal year.
Insider Transactions at Dorman Products
In other Dorman Products news, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total transaction of $146,972.00. Following the transaction, the senior vice president now owns 23,671 shares in the company, valued at approximately $2,484,981.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dorman Products news, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total transaction of $146,972.00. Following the transaction, the senior vice president now owns 23,671 shares in the company, valued at approximately $2,484,981.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 2,669 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $112.57, for a total value of $300,449.33. Following the transaction, the director now owns 876,156 shares in the company, valued at $98,628,880.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,297 shares of company stock worth $6,163,491 over the last quarter. 10.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Dorman Products
A number of hedge funds have recently made changes to their positions in DORM. BNP Paribas Financial Markets raised its holdings in shares of Dorman Products by 28.4% during the first quarter. BNP Paribas Financial Markets now owns 30,185 shares of the auto parts company's stock valued at $2,910,000 after acquiring an additional 6,681 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Dorman Products during the first quarter valued at approximately $10,907,000. Jennison Associates LLC raised its holdings in shares of Dorman Products by 73.1% during the first quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company's stock valued at $27,316,000 after acquiring an additional 119,707 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Dorman Products by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 24,802 shares of the auto parts company's stock valued at $2,391,000 after acquiring an additional 321 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Dorman Products during the first quarter valued at approximately $120,000. Institutional investors and hedge funds own 84.70% of the company's stock.
About Dorman Products
(
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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