Dorman Products Inc. (NASDAQ:DORM)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $57.99 and last traded at $56.43, with a volume of 84,769 shares changing hands. The stock had previously closed at $57.21.

Several equities analysts have recently commented on DORM shares. Zacks Investment Research upgraded Dorman Products from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, April 27th. B. Riley restated a “neutral” rating and set a $45.00 price target on shares of Dorman Products in a research report on Monday, May 2nd. Finally, FBR & Co restated an “outperform” rating and set a $62.00 price target on shares of Dorman Products in a research report on Saturday, May 14th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $55.75.

The stock has a 50-day moving average of $55.34 and a 200-day moving average of $51.35. The company has a market cap of $1.95 billion and a price-to-earnings ratio of 20.85.

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

In other news, Director Edgar W. Levin sold 2,750 shares of the stock in a transaction 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 completion of the sale, the director now owns 60,081 shares in the company, valued at approximately $3,299,047.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael Kealey sold 2,710 shares of the stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $54.28, for a total value 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 disclosure for this sale can be found here.

Several hedge funds have modified their holdings of the stock. Stephens Inc. AR raised its stake in shares of Dorman Products by 8.5% in the fourth quarter. Stephens Inc. AR now owns 53,397 shares of the company’s stock valued at $2,535,000 after buying an additional 4,190 shares in the last quarter. US Bancorp DE raised its stake in shares of Dorman Products by 2.8% in the fourth quarter. US Bancorp DE now owns 64,213 shares of the company’s stock valued at $3,048,000 after buying an additional 1,736 shares in the last quarter. American Capital Management Inc. raised its stake in shares of Dorman Products by 129.0% in the fourth quarter. American Capital Management Inc. now owns 259,495 shares of the company’s stock valued at $12,318,000 after buying an additional 146,170 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Dorman Products by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 203,273 shares of the company’s stock valued at $9,649,000 after buying an additional 8,149 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Dorman Products by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 182,027 shares of the company’s stock valued at $8,641,000 after buying an additional 34,246 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.