Dorman Products (NASDAQ:DORM) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, BidAskClub reports.

Several other research firms have also recently issued reports on DORM. ValuEngine cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Zacks Investment Research cut shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Monday, June 29th. Finally, Stephens raised their target price on shares of Dorman Products from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Dorman Products has a consensus rating of “Hold” and a consensus target price of $57.50.

Shares of Dorman Products stock traded down $1.06 during mid-day trading on Thursday, hitting $81.75. 265,541 shares of the stock were exchanged, compared to its average volume of 120,269. Dorman Products has a twelve month low of $44.49 and a twelve month high of $84.22. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 2.80 and a beta of 0.79. The company has a 50-day simple moving average of $68.67 and a 200 day simple moving average of $66.36. The company has a current ratio of 2.72, a quick ratio of 1.89 and a debt-to-equity ratio of 0.04.

Dorman Products (NASDAQ:DORM) last released its earnings results on Wednesday, July 29th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.04. Dorman Products had a net margin of 7.67% and a return on equity of 9.57%. The business had revenue of $233.20 million for the quarter, compared to analysts’ expectations of $201.07 million. During the same period last year, the company earned $0.68 earnings per share. The company’s quarterly revenue was down 8.3% on a year-over-year basis. Equities research analysts forecast that Dorman Products will post 2.47 earnings per share for the current fiscal year.

In other news, SVP Jeffery Darby sold 1,624 shares of Dorman Products stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $83.31, for a total transaction of $135,295.44. Following the sale, the senior vice president now owns 16,229 shares in the company, valued at $1,352,037.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Dorman Products by 8.6% in the first quarter. Invesco Ltd. now owns 315,192 shares of the auto parts company’s stock worth $17,420,000 after buying an additional 24,929 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Dorman Products by 11.6% in the first quarter. Nuveen Asset Management LLC now owns 127,773 shares of the auto parts company’s stock worth $7,062,000 after buying an additional 13,280 shares during the last quarter. M&T Bank Corp increased its stake in shares of Dorman Products by 2.8% in the first quarter. M&T Bank Corp now owns 6,764 shares of the auto parts company’s stock worth $373,000 after buying an additional 185 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of Dorman Products by 18.6% in the first quarter. Boston Trust Walden Corp now owns 393,633 shares of the auto parts company’s stock worth $21,756,000 after buying an additional 61,598 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Dorman Products by 6.5% in the first quarter. State Street Corp now owns 885,914 shares of the auto parts company’s stock worth $48,964,000 after buying an additional 53,944 shares during the last quarter. Institutional investors and hedge funds own 78.36% of the company’s stock.

Dorman Products Company Profile

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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