Dorman Products Inc. (NASDAQ:DORM) hit a new 52-week high on Thursday . The company traded as high as $57.99 and last traded at $57.34, with a volume of 50,308 shares trading hands. The stock had previously closed at $57.33.

A number of research analysts recently issued reports on DORM shares. Zacks Investment Research cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Tuesday, April 19th. B. Riley reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Dorman Products in a report on Wednesday, April 27th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $62.00 target price on shares of Dorman Products in a report on Saturday, May 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Dorman Products presently has an average rating of “Hold” and a consensus price target of $55.75.

The company has a 50-day moving average of $54.88 and a 200-day moving average of $50.94. The company has a market cap of $1.97 billion and a PE ratio of 21.06.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $208.20 million for the quarter, compared to analysts’ expectations of $203.57 million. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. On average, analysts expect that Dorman Products Inc. will post $2.93 EPS for the current fiscal year.

In other news, SVP Michael Kealey sold 2,710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $54.28, for a total transaction of $147,098.80. Following the sale, the senior vice president now owns 2,880 shares of the company’s stock, valued at approximately $156,326.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edgar W. Levin sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $54.91, for a total transaction of $151,002.50. Following the sale, the director now directly owns 60,081 shares in the company, valued at approximately $3,299,047.71. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of the company. Jennison Associates boosted its stake in shares of Dorman Products by 2,091.4% in the third quarter. Jennison Associates now owns 312,008 shares of the company’s stock worth $15,878,000 after buying an additional 297,770 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Dorman Products by 6.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 29,654 shares of the company’s stock worth $1,408,000 after buying an additional 1,726 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Dorman Products by 8.5% in the fourth quarter. Rhumbline Advisers now owns 33,010 shares of the company’s stock worth $1,567,000 after buying an additional 2,590 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Dorman Products by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 49,513 shares of the company’s stock worth $2,350,000 after buying an additional 776 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Dorman Products by 19.3% in the fourth quarter. Nationwide Fund Advisors now owns 98,892 shares of the company’s stock worth $4,694,000 after buying an additional 15,964 shares during the last quarter.

Dorman Products, Inc (Dorman) is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 140,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.

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