Dorman Products, Inc. (NASDAQ:DORM) Receives Consensus Rating of “Buy” from Analysts

Dorman Products, Inc. (NASDAQ:DORM) has received a consensus rating of “Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $180.50.

DORM has been the subject of several analyst reports. Wall Street Zen cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Dorman Products in a research report on Monday, December 29th. Finally, Zacks Research cut Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th.

Dorman Products Price Performance

Dorman Products stock opened at $123.45 on Friday. The firm has a market cap of $3.77 billion, a PE ratio of 15.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19. The stock’s fifty day moving average price is $126.91 and its two-hundred day moving average price is $138.02. Dorman Products has a one year low of $106.95 and a one year high of $166.89.

Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.31. The company had revenue of $543.74 million for the quarter, compared to analyst estimates of $548.60 million. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.Dorman Products’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 EPS. As a group, research analysts expect that Dorman Products will post 6.9 EPS for the current fiscal year.

Insider Activity

In other Dorman Products news, insider John Mcknight sold 2,000 shares of Dorman Products stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $128.80, for a total value of $257,600.00. Following the transaction, the insider owned 9,112 shares in the company, valued at $1,173,625.60. The trade was a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Donna M. Long sold 812 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the transaction, the senior vice president directly owned 17,856 shares of the company’s stock, valued at approximately $2,209,680. The trade was a 4.35% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 8.90% of the company’s stock.

Institutional Trading of Dorman Products

A number of hedge funds and other institutional investors have recently modified their holdings of DORM. Vanguard Group Inc. lifted its stake in shares of Dorman Products by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock valued at $477,239,000 after acquiring an additional 9,811 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Dorman Products by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,025,831 shares of the auto parts company’s stock worth $159,894,000 after purchasing an additional 3,064 shares in the last quarter. Invesco Ltd. raised its position in Dorman Products by 6.7% in the second quarter. Invesco Ltd. now owns 812,031 shares of the auto parts company’s stock valued at $99,612,000 after purchasing an additional 51,257 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Dorman Products by 24.3% during the second quarter. Jennison Associates LLC now owns 744,400 shares of the auto parts company’s stock valued at $91,316,000 after purchasing an additional 145,758 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Dorman Products by 3.9% during the second quarter. Geode Capital Management LLC now owns 677,100 shares of the auto parts company’s stock worth $83,070,000 after purchasing an additional 25,286 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Dorman Products Company Profile

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.