Dorman Products (NASDAQ:DORM) Now Covered by CJS Securities

CJS Securities began coverage on shares of Dorman Products (NASDAQ:DORM) in a report released on Friday, MarketBeat.com reports. The brokerage issued an outperform rating and a $134.00 target price on the auto parts company’s stock.

Separately, Roth Mkm reissued a buy rating and set a $116.00 price objective on shares of Dorman Products in a research note on Friday, June 14th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus target price of $113.33.

Dorman Products Trading Up 3.1 %

Shares of DORM opened at $115.24 on Friday. The firm’s fifty day moving average is $103.83 and its two-hundred day moving average is $95.90. The stock has a market cap of $3.52 billion, a PE ratio of 23.19 and a beta of 0.83. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. Dorman Products has a 52-week low of $60.01 and a 52-week high of $115.62.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.48. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The company had revenue of $502.95 million during the quarter, compared to analysts’ expectations of $497.46 million. During the same quarter in the prior year, the company earned $1.01 EPS. Dorman Products’s revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that Dorman Products will post 6.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Dorman Products

In related news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the sale, the senior vice president now owns 22,271 shares in the company, valued at approximately $2,538,448.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 4,200 shares of company stock valued at $445,116 over the last 90 days. 10.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Dorman Products

Several institutional investors have recently bought and sold shares of DORM. Parallel Advisors LLC grew its stake in Dorman Products by 277.4% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 233 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in Dorman Products in the first quarter worth approximately $34,000. Quest Partners LLC acquired a new position in Dorman Products during the 2nd quarter worth approximately $37,000. Mather Group LLC. purchased a new stake in shares of Dorman Products in the 1st quarter valued at approximately $48,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Dorman Products in the 2nd quarter valued at $66,000. 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.