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

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

Dorman Products Stock Performance

Shares of DORM traded up $0.69 during trading hours on Friday, hitting $111.22. The stock had a trading volume of 83,175 shares, compared to its average volume of 173,292. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 18.60 and a beta of 0.87. 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 has a 50-day moving average price of $122.09 and a 200 day moving average price of $126.73. Dorman Products has a fifty-two week low of $86.61 and a fifty-two week high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data 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. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. As a group, research analysts anticipate that Dorman Products will post 6.9 EPS for the current year.

Insider Buying and Selling

In other news, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven L. Berman sold 2,633 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $130.56, for a total value of $343,764.48. Following the sale, the director now owns 814,339 shares of the company's stock, valued at $106,320,099.84. The trade was a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,137 shares of company stock worth $2,790,044 in the last 90 days. Insiders own 10.00% of the company's stock.

Hedge Funds Weigh In On Dorman Products

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in Dorman Products by 63.5% in the 3rd quarter. FMR LLC now owns 3,322 shares of the auto parts company's stock valued at $376,000 after buying an additional 1,290 shares in the last quarter. MML Investors Services LLC lifted its stake in Dorman Products by 17.7% during the 3rd quarter. MML Investors Services LLC now owns 3,462 shares of the auto parts company's stock worth $392,000 after acquiring an additional 521 shares in the last quarter. Barclays PLC boosted its holdings in Dorman Products by 380.7% during the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company's stock valued at $5,298,000 after acquiring an additional 37,098 shares during the period. Westside Investment Management Inc. acquired a new position in Dorman Products in the 3rd quarter valued at about $29,000. Finally, Tidal Investments LLC increased its stake in Dorman Products by 5.0% during the third quarter. Tidal Investments LLC now owns 4,918 shares of the auto parts company's stock worth $556,000 after purchasing an additional 234 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

About Dorman Products

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.