Dorman Products Inc. (DORM) Receives $68.33 Consensus Price Target from Brokerages
Dorman Products Inc. (NASDAQ:DORM) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $68.33.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Monday, August 6th. BidaskClub cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Friday, July 13th. Barrington Research restated a “hold” rating on shares of Dorman Products in a report on Thursday, July 12th. Finally, Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd.
NASDAQ:DORM opened at $76.27 on Thursday. Dorman Products has a fifty-two week low of $56.36 and a fifty-two week high of $78.01. The stock has a market capitalization of $2.52 billion, a PE ratio of 20.42, a PEG ratio of 1.30 and a beta of 0.93.
In other news, SVP Jeffery Darby sold 1,367 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $76.13, for a total value of $104,069.71. Following the sale, the senior vice president now directly owns 12,639 shares in the company, valued at approximately $962,207.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in DORM. Renaissance Technologies LLC acquired a new stake in Dorman Products in the 4th quarter worth approximately $4,592,000. Two Sigma Investments LP acquired a new stake in Dorman Products in the 4th quarter worth approximately $678,000. Raymond James & Associates boosted its stake in Dorman Products by 12.1% in the 4th quarter. Raymond James & Associates now owns 25,624 shares of the auto parts company’s stock worth $1,567,000 after purchasing an additional 2,772 shares in the last quarter. Millennium Management LLC acquired a new stake in Dorman Products in the 4th quarter worth approximately $6,349,000. Finally, MetLife Investment Advisors LLC acquired a new stake in Dorman Products in the 4th quarter worth approximately $781,000. Institutional investors and hedge funds own 75.72% of the company’s stock.
About Dorman Products
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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