Dorman Products (NASDAQ:DORM) Rating Lowered to Buy at StockNews.com

StockNews.com downgraded shares of Dorman Products (NASDAQ:DORM) from a strong-buy rating to a buy rating in a research note published on Friday morning.

Dorman Products Price Performance

Dorman Products stock opened at $127.59 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a market cap of $3.90 billion, a P/E ratio of 21.34 and a beta of 0.84. The business’s fifty day moving average is $128.03 and its two-hundred day moving average is $125.75. Dorman Products has a 52 week low of $86.61 and a 52 week high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.21. The company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Equities research analysts forecast that Dorman Products will post 6.9 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Donna M. Long sold 742 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares of the company’s stock, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven L. Berman sold 2,633 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $132.52, for a total value of $348,925.16. Following the transaction, the director now directly owns 833,812 shares in the company, valued at $110,496,766.24. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,605 shares of company stock valued at $4,414,924 over the last 90 days. 10.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dorman Products

Several large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after buying an additional 197 shares during the period. Quent Capital LLC acquired a new position in Dorman Products in the fourth quarter valued at about $31,000. Westside Investment Management Inc. acquired a new position in Dorman Products in the third quarter valued at about $29,000. Advisors Asset Management Inc. acquired a new position in Dorman Products in the third quarter valued at about $31,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Dorman Products by 163.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock valued at $35,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds 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.