Dorman Products (NASDAQ:DORM) Stock Rating Upgraded by StockNews.com

Dorman Products (NASDAQ:DORM) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $125.67.

Dorman Products Trading Up 0.6 %

DORM opened at $131.97 on Monday. The stock has a market capitalization of $4.03 billion, a PE ratio of 22.07 and a beta of 0.88. Dorman Products has a one year low of $79.43 and a one year high of $146.60. 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 business’s 50 day moving average price is $132.51 and its 200 day moving average price is $121.33.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of Dorman Products stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the transaction, the director now directly owns 773,094 shares of the company’s stock, valued at $101,886,058.26. The trade was a 1.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the sale, the insider now owns 8,902 shares in the company, valued at $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,088 shares of company stock worth $7,524,211. Insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Dorman Products

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in shares of Dorman Products in the fourth quarter valued at $954,000. Y Intercept Hong Kong Ltd acquired a new stake in Dorman Products in the 4th quarter valued at about $669,000. Handelsbanken Fonder AB boosted its stake in shares of Dorman Products by 11.0% in the 4th quarter. Handelsbanken Fonder AB now owns 8,044 shares of the auto parts company’s stock valued at $1,042,000 after buying an additional 800 shares during the period. Truist Financial Corp grew its position in shares of Dorman Products by 1.7% during the fourth quarter. Truist Financial Corp now owns 35,405 shares of the auto parts company’s stock worth $4,587,000 after buying an additional 602 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Dorman Products by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 138,082 shares of the auto parts company’s stock worth $17,889,000 after buying an additional 4,247 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Company Profile

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.