Dorman Products, Inc. (DORM) – What Are Researchers Saying About This Stock?

Dorman Products, Inc. (NASDAQ:DORM) has received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $148.40.

A number of equities research analysts have recently weighed in on the company. Weiss Ratings cut Dorman Products from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday. Roth Capital reissued a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Wells Fargo & Company lowered their target price on Dorman Products from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Wall Street Zen upgraded Dorman Products from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Freedom Broker raised Dorman Products from a “hold” rating to a “buy” rating and cut their target price for the company from $154.00 to $152.00 in a research note on Wednesday.

Dorman Products Trading Up 1.8%

Shares of NASDAQ:DORM opened at $136.01 on Friday. The company has a market cap of $4.01 billion, a PE ratio of 20.24 and a beta of 1.02. The company’s 50-day moving average price is $125.64 and its 200 day moving average price is $123.55. Dorman Products has a fifty-two week low of $98.44 and a fifty-two week high of $155.37. The company has a quick ratio of 1.73, a current ratio of 3.65 and a debt-to-equity ratio of 0.28.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, October 26th. The auto parts company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.00 by $0.08. Dorman Products had a net margin of 9.30% and a return on equity of 17.87%. The firm had revenue of $561.72 million during the quarter, compared to analysts’ expectations of $565.33 million. During the same quarter in the prior year, the firm earned $2.62 EPS. Dorman Products’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that Dorman Products will post 8.61 earnings per share for the current year.

Insider Activity

In other news, CAO Gregory Bowen sold 3,531 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the transaction, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.70% of the company’s stock.

Institutional Trading of Dorman Products

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Provenance Wealth Advisors LLC lifted its holdings in shares of Dorman Products by 23,333.3% in the third quarter. Provenance Wealth Advisors LLC now owns 2,812 shares of the auto parts company’s stock valued at $345,000 after buying an additional 2,800 shares during the period. Bridge City Capital LLC grew its holdings in Dorman Products by 13.9% during the third quarter. Bridge City Capital LLC now owns 66,751 shares of the auto parts company’s stock worth $8,184,000 after acquiring an additional 8,163 shares during the period. BOKF NA bought a new stake in Dorman Products in the third quarter worth about $394,000. Reinhart Partners LLC. lifted its holdings in Dorman Products by 1.8% in the 3rd quarter. Reinhart Partners LLC. now owns 696,562 shares of the auto parts company’s stock valued at $85,399,000 after acquiring an additional 12,180 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Dorman Products by 32.9% during the 3rd quarter. GAMMA Investing LLC now owns 857 shares of the auto parts company’s stock valued at $105,000 after purchasing an additional 212 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Company Profile

Dorman Products, Inc develops, manufactures and distributes replacement and upgrade parts for automobiles, light-, medium- and heavy-duty trucks, and other vehicles. Its products are sold primarily through the automotive aftermarket, serving professional repair shops, retailers, distributors, e-commerce channels and do-it-yourself consumers.

The company offers a broad range of products, including engine, transmission, cooling, electrical, steering, suspension, braking, chassis and body components.