Roth Mkm Reaffirms “Buy” Rating for Dorman Products (NASDAQ:DORM)

Roth Mkm restated their buy rating on shares of Dorman Products (NASDAQ:DORM) in a research report released on Monday morning, Benzinga reports. They currently have a $116.00 target price on the auto parts company’s stock.

Other equities analysts also recently issued research reports about the company. TheStreet upgraded Dorman Products from a c+ rating to a b rating in a report on Wednesday, March 20th. StockNews.com raised Dorman Products from a hold rating to a buy rating in a research note on Thursday, March 7th. Finally, Barrington Research reissued an outperform rating and issued a $90.00 price target on shares of Dorman Products in a research note on Tuesday, February 27th.

Dorman Products Price Performance

NASDAQ DORM opened at $97.43 on Monday. The stock’s 50-day moving average price is $87.05 and its two-hundred day moving average price is $79.85. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.03 billion, a PE ratio of 23.76 and a beta of 0.81. Dorman Products has a 1 year low of $60.01 and a 1 year high of $97.70.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.16. The company had revenue of $494.30 million for the quarter, compared to the consensus estimate of $494.86 million. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. On average, analysts predict that Dorman Products will post 5.55 EPS for the current year.

Institutional Investors Weigh In On Dorman Products

Several large investors have recently made changes to their positions in the company. Raymond James & Associates boosted its position in Dorman Products by 0.9% during the first quarter. Raymond James & Associates now owns 40,638 shares of the auto parts company’s stock worth $3,862,000 after purchasing an additional 356 shares during the period. Citigroup Inc. boosted its position in Dorman Products by 10.4% during the first quarter. Citigroup Inc. now owns 24,713 shares of the auto parts company’s stock worth $2,348,000 after purchasing an additional 2,331 shares during the period. MetLife Investment Management LLC boosted its position in Dorman Products by 53.7% during the first quarter. MetLife Investment Management LLC now owns 13,854 shares of the auto parts company’s stock worth $1,317,000 after purchasing an additional 4,839 shares during the period. Panagora Asset Management Inc. bought a new stake in Dorman Products during the first quarter worth approximately $468,000. Finally, Rhumbline Advisers boosted its position in Dorman Products by 2.2% during the first quarter. Rhumbline Advisers now owns 71,317 shares of the auto parts company’s stock worth $6,777,000 after purchasing an additional 1,559 shares during the period. Institutional investors own 84.70% of the company’s stock.

Dorman Products Company Profile

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.