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

A number of analysts have 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 note on Tuesday, April 19th. B. Riley restated a “neutral” rating and set a $45.00 target price on shares of Dorman Products in a research note on Wednesday, April 27th. FBR & Co restated an “outperform” rating and set a $62.00 target price on shares of Dorman Products in a research note on Saturday, May 14th. Finally, Jefferies Group raised their target price on shares of Dorman Products from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $60.63.

The firm has a market cap of $2.19 billion and a price-to-earnings ratio of 22.66. The company has a 50-day moving average price of $57.42 and a 200-day moving average price of $52.60.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. The business had revenue of $209.60 million for the quarter, compared to the consensus estimate of $214.11 million. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Dorman Products Inc. will post $2.99 EPS for the current year.

In other news, 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 completion of the sale, the senior vice president now owns 2,880 shares in the company, valued at approximately $156,326.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the director now owns 60,081 shares of the company’s stock, valued at approximately $3,299,047.71. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in 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. First Trust Advisors LP raised its stake in Dorman Products by 42.0% in the fourth quarter. First Trust Advisors LP now owns 37,677 shares of the company’s stock valued at $1,789,000 after buying an additional 11,151 shares during the last quarter. Principal Financial Group Inc. raised its stake in 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. Stephens Inc. AR raised its stake in 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. Finally, Rhumbline Advisers raised its stake in Dorman Products by 8.5% in the fourth quarter. Rhumbline Advisers now owns 33,010 shares of the company’s stock valued at $1,567,000 after buying an additional 2,590 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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