Dorman Products (NASDAQ:DORM - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Friday.
Dorman Products Trading Up 1.9%
Shares of Dorman Products stock opened at $130.48 on Friday. 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 market capitalization of $3.98 billion, a price-to-earnings ratio of 21.82 and a beta of 0.86. The stock has a 50 day moving average of $119.57 and a 200 day moving average of $127.30. Dorman Products has a fifty-two week low of $87.05 and a fifty-two week high of $146.60.
Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.48 by $0.54. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $507.69 million during the quarter, compared to analysts' expectations of $483.09 million. During the same period in the previous year, the firm posted $1.31 EPS. Dorman Products's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, research analysts predict that Dorman Products will post 6.9 earnings per share for the current year.
Insider Transactions at Dorman Products
In other Dorman Products news, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the transaction, the senior vice president now owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.90% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of DORM. Jones Financial Companies Lllp grew its position in Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after acquiring an additional 197 shares in the last quarter. Quent Capital LLC acquired a new position in Dorman Products during the 4th quarter worth $31,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Dorman Products by 163.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock valued at $35,000 after acquiring an additional 172 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Dorman Products during the fourth quarter worth about $42,000. Finally, Blue Trust Inc. increased its holdings in shares of Dorman Products by 1,581.0% in the fourth quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock valued at $46,000 after buying an additional 332 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
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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