Dorman Products (NASDAQ:DORM) Earns Buy Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Dorman Products (NASDAQ:DORM) in a research report released on Friday morning, Benzinga reports. The firm currently has a $116.00 price objective on the auto parts company’s stock.

DORM has been the topic of a number of other reports. TheStreet upgraded shares of Dorman Products from a c+ rating to a b rating in a research report on Wednesday, March 20th. Barrington Research restated an outperform rating and issued a $90.00 price objective on shares of Dorman Products in a research note on Tuesday, February 27th. Finally, StockNews.com upgraded shares of Dorman Products from a hold rating to a buy rating in a research note on Thursday, March 7th.

Dorman Products Stock Performance

Shares of DORM opened at $90.86 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 0.40. Dorman Products has a 52-week low of $60.01 and a 52-week high of $98.55. The stock has a 50 day moving average price of $90.90 and a 200 day moving average price of $87.18. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 18.28 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.49. Dorman Products had a net margin of 8.10% and a return on equity of 14.61%. The company had revenue of $468.70 million during the quarter, compared to the consensus estimate of $472.35 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Dorman Products’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts predict that Dorman Products will post 5.64 EPS for the current fiscal year.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 500 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $92.06, for a total transaction of $46,030.00. Following the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at $1,852,799.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.00% of the stock is currently owned by insiders.

Institutional Trading of Dorman Products

Several hedge funds have recently modified their holdings of DORM. Tidal Investments LLC purchased a new position in Dorman Products in the first quarter worth $328,000. Grandeur Peak Global Advisors LLC acquired a new position in shares of Dorman Products during the 1st quarter worth $1,033,000. Aristides Capital LLC purchased a new position in shares of Dorman Products in the 1st quarter valued at about $675,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Dorman Products by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,724 shares of the auto parts company’s stock valued at $1,805,000 after purchasing an additional 953 shares during the period. Finally, PEAK6 Investments LLC boosted its holdings in Dorman Products by 69.7% during the first quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock worth $2,978,000 after buying an additional 12,691 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

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.