16,499 Shares in Dorman Products, Inc. (NASDAQ:DORM) Purchased by Sheets Smith Wealth Management

Sheets Smith Wealth Management bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,499 shares of the auto parts company’s stock, valued at approximately $1,376,000. Sheets Smith Wealth Management owned 0.05% of Dorman Products as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DORM. Yorktown Management & Research Co Inc acquired a new stake in Dorman Products during the third quarter worth about $280,000. Park Avenue Securities LLC acquired a new stake in Dorman Products in the third quarter valued at approximately $268,000. Inspire Advisors LLC acquired a new stake in Dorman Products in the third quarter valued at approximately $649,000. Summit Creek Advisors LLC grew its holdings in Dorman Products by 0.4% in the third quarter. Summit Creek Advisors LLC now owns 245,210 shares of the auto parts company’s stock valued at $18,577,000 after purchasing an additional 876 shares during the period. Finally, Jennison Associates LLC acquired a new stake in Dorman Products in the third quarter valued at approximately $13,507,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Roth Mkm reissued a “buy” rating and issued a $116.00 price objective on shares of Dorman Products in a report on Monday, March 25th. StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a research note on Wednesday, March 20th. Finally, Barrington Research reaffirmed 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 Trading Up 0.2 %

Shares of NASDAQ DORM traded up $0.22 during trading on Friday, reaching $90.95. The stock had a trading volume of 84,421 shares, compared to its average volume of 90,065. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $98.55. The company has a market cap of $2.82 billion, a P/E ratio of 22.18 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 2.25. The business’s 50-day moving average price is $91.84 and its 200-day moving average price is $82.75.

Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, February 26th. The auto parts company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.41 by $0.16. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The firm had revenue of $494.30 million during the quarter, compared to analysts’ expectations of $494.86 million. During the same period in the previous year, the firm posted $1.01 EPS. Dorman Products’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts predict that Dorman Products, Inc. will post 5.55 EPS for the current fiscal year.

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.