Dorman Products Inc. (NASDAQ:DORM) shares reached a new 52-week high on Tuesday . The stock traded as high as $81.92 and last traded at $81.88, with a volume of 80652 shares traded. The stock had previously closed at $80.98.

Several research firms have recently weighed in on DORM. BidaskClub raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. Zacks Investment Research downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th. ValuEngine raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Barrington Research reissued a “hold” rating on shares of Dorman Products in a research report on Thursday, July 12th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $70.50.

The stock has a market cap of $2.69 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.38 and a beta of 1.04.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. Dorman Products had a net margin of 12.42% and a return on equity of 19.13%. The firm had revenue of $238.15 million for the quarter, compared to the consensus estimate of $244.87 million. During the same period in the previous year, the firm posted $0.84 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. research analysts expect that Dorman Products Inc. will post 4.19 EPS for the current fiscal year.

In related news, SVP Jeffery Darby sold 1,367 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $76.13, for a total transaction of $104,069.71. Following the transaction, the senior vice president now directly owns 12,639 shares of the company’s stock, valued at $962,207.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul R. Lederer sold 3,925 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $76.60, for a total transaction of $300,655.00. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of DORM. Wells Fargo & Company MN grew its position in Dorman Products by 98.5% in the first quarter. Wells Fargo & Company MN now owns 137,644 shares of the auto parts company’s stock worth $9,114,000 after acquiring an additional 68,296 shares in the last quarter. Rhumbline Advisers grew its position in Dorman Products by 1.5% in the first quarter. Rhumbline Advisers now owns 68,426 shares of the auto parts company’s stock worth $4,530,000 after acquiring an additional 1,032 shares in the last quarter. Dupont Capital Management Corp grew its position in Dorman Products by 287.3% in the first quarter. Dupont Capital Management Corp now owns 16,652 shares of the auto parts company’s stock worth $1,103,000 after acquiring an additional 12,353 shares in the last quarter. Comerica Bank grew its position in Dorman Products by 7.9% in the first quarter. Comerica Bank now owns 46,164 shares of the auto parts company’s stock worth $3,105,000 after acquiring an additional 3,391 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in Dorman Products in the first quarter worth approximately $201,000. 78.64% of the stock is owned by institutional investors.

About Dorman Products (NASDAQ:DORM)

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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