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

Dorman Products (NASDAQ:DORM) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Dorman Products Trading Up 1.8 %

Dorman Products stock opened at $127.59 on Friday. The business has a 50 day moving average price of $128.03 and a two-hundred day moving average price of $125.64. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 21.34 and a beta of 0.84. Dorman Products has a 12 month low of $86.61 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results 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. The firm had revenue of $533.77 million during the quarter, compared to analysts’ expectations of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. As a group, equities analysts forecast that Dorman Products will post 6.9 EPS for the current year.

Insider Buying and Selling at Dorman Products

In other news, Director Steven L. Berman sold 617 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $123.23, for a total value of $76,032.91. Following the completion of the transaction, the director now directly owns 832,910 shares of the company’s stock, valued at approximately $102,639,499.30. This represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Donna M. Long sold 742 shares of the 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 completion of the transaction, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,090 shares of company stock valued at $5,575,927 in the last quarter. Corporate insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Dorman Products

A number of hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Dorman Products during the 4th quarter valued at $42,495,000. Norges Bank acquired a new stake in Dorman Products during the 4th quarter valued at $41,047,000. Oberweis Asset Management Inc. acquired a new stake in Dorman Products during the 4th quarter valued at $23,283,000. Wellington Management Group LLP increased its holdings in Dorman Products by 1,136.2% during the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock valued at $22,635,000 after purchasing an additional 160,584 shares in the last quarter. Finally, Cercano Management LLC acquired a new stake in Dorman Products during the 4th quarter valued at $16,328,000. 84.70% of the stock is 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.