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

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

Separately, Roth Mkm reaffirmed a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th.

Dorman Products Price Performance

DORM stock opened at $131.46 on Friday. The firm has a 50 day simple moving average of $128.60 and a two-hundred day simple moving average of $124.28. Dorman Products has a one year low of $86.61 and a one year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock has a market cap of $4.01 billion, a PE ratio of 21.98 and a beta of 0.88.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.99 by $0.21. The company had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. On average, analysts predict that Dorman Products will post 6.9 EPS for the current fiscal year.

Insider Activity

In other news, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the completion of the sale, the insider now directly owns 8,902 shares of the company’s stock, valued at approximately $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $132.52, for a total transaction of $348,925.16. Following the sale, the director now directly owns 833,812 shares of the company’s stock, valued at $110,496,766.24. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,533 shares of company stock valued at $6,619,683. 10.00% of the stock is currently owned by company insiders.

Institutional Trading of Dorman Products

Several institutional investors and hedge funds have recently made changes to their positions in DORM. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Dorman Products in the fourth quarter valued at about $42,495,000. Norges Bank bought a new stake in shares of Dorman Products in the fourth quarter valued at about $41,047,000. Fiera Capital Corp bought a new stake in shares of Dorman Products in the third quarter valued at about $25,571,000. Oberweis Asset Management Inc. bought a new stake in shares of Dorman Products in the fourth quarter valued at about $23,283,000. Finally, Wellington Management Group LLP raised its holdings in shares of Dorman Products by 1,136.2% in the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock valued at $22,635,000 after acquiring an additional 160,584 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

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.