Dorman Products Inc. (NASDAQ:DORM) hit a new 52-week high on Thursday . The stock traded as high as $84.96 and last traded at $84.52, with a volume of 48548 shares changing hands. The stock had previously closed at $84.41.

Several equities research analysts have weighed in on the stock. ValuEngine raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Tuesday. BidaskClub raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. Finally, Barrington Research reissued a “hold” rating on shares of Dorman Products in a research report on Monday, October 29th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Dorman Products has an average rating of “Buy” and an average price target of $46.50.

The stock has a market capitalization of $2.72 billion, a P/E ratio of 25.69, a PEG ratio of 1.51 and a beta of 0.96.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Thursday, October 25th. The auto parts company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. Dorman Products had a net margin of 12.85% and a return on equity of 19.80%. The firm had revenue of $247.95 million during the quarter, compared to analysts’ expectations of $234.46 million. On average, research analysts anticipate that Dorman Products Inc. will post 4.18 EPS for the current fiscal year.

In other news, CEO Mathias J. Barton sold 18,986 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $81.34, for a total value of $1,544,321.24. Following the completion of the sale, the chief executive officer now directly owns 111,011 shares of the company’s stock, valued at approximately $9,029,634.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 11.90% of the company’s stock.

Several large investors have recently bought and sold shares of DORM. NumerixS Investment Technologies Inc lifted its position in shares of Dorman Products by 1,500.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the auto parts company’s stock worth $112,000 after purchasing an additional 1,500 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Dorman Products in the 2nd quarter worth about $115,000. First Hawaiian Bank bought a new position in shares of Dorman Products in the 3rd quarter worth about $203,000. CIBC Asset Management Inc bought a new position in shares of Dorman Products in the 3rd quarter worth about $204,000. Finally, BB&T Corp bought a new position in shares of Dorman Products in the 3rd quarter worth about $212,000. 79.12% of the stock is owned by hedge funds and other institutional investors.

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About Dorman Products (NASDAQ:DORM)

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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