Dorman Products Inc. (NASDAQ:DORM)’s share price reached a new 52-week high on Friday . The stock traded as high as $65.06 and last traded at $64.72, with a volume of 102,654 shares trading hands. The stock had previously closed at $63.24.

Several equities analysts have recently weighed in on the company. B. Riley reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Dorman Products in a research note on Monday, May 2nd. Zacks Investment Research lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Jefferies Group lifted their price objective on Dorman Products from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 27th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Dorman Products in a research note on Saturday, May 14th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $60.63.

The company has a market cap of $2.19 billion and a PE ratio of 22.66. The company has a 50-day moving average of $57.15 and a 200-day moving average of $52.52.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. The business had revenue of $209.60 million for the quarter, compared to analyst estimates of $214.11 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Dorman Products Inc. will post $2.99 earnings per share for the current fiscal year.

In related news, Director Edgar W. Levin sold 2,750 shares of the company’s 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 transaction, the director now directly owns 60,081 shares of the company’s stock, valued at $3,299,047.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Kealey sold 2,710 shares of the company’s 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 transaction, the senior vice president now directly owns 2,880 shares in the company, valued at $156,326.40. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Stephens Inc. AR raised its position 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 during the last quarter. US Bancorp DE raised its position 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 during the last quarter. Principal Financial Group Inc. raised its position 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 during the last quarter. Wells Fargo & Company MN raised its position 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 during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Dorman Products by 1.6% in the fourth quarter. Bank of Montreal Can now owns 59,770 shares of the company’s stock valued at $2,837,000 after buying an additional 943 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.

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.