Dorman Products, Inc. (DORM) Receives Average Rating of “Hold” from Analysts
Dorman Products, Inc. (NASDAQ:DORM) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $78.00.
DORM has been the subject of a number of analyst reports. BidaskClub raised Dorman Products from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Zacks Investment Research cut Dorman Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, FBR & Co reaffirmed a “mkt perform” rating and set a $74.50 price objective on shares of Dorman Products in a research note on Tuesday, July 18th.
Shares of Dorman Products (DORM) traded up 0.59% during midday trading on Thursday, hitting $71.39. The stock had a trading volume of 126,199 shares. The firm has a market capitalization of $2.43 billion, a PE ratio of 21.70 and a beta of 0.63. Dorman Products has a one year low of $60.00 and a one year high of $88.50. The firm’s 50-day moving average price is $69.59 and its 200-day moving average price is $76.48.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). Dorman Products had a return on equity of 18.64% and a net margin of 12.66%. The company had revenue of $229.26 million for the quarter, compared to analyst estimates of $225.91 million. During the same period last year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts predict that Dorman Products will post $3.45 EPS for the current year.
In other Dorman Products news, Director Paul R. Lederer sold 1,800 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $74.82, for a total value of $134,676.00. Following the completion of the transaction, the director now directly owns 16,961 shares of the company’s stock, valued at $1,269,022.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.70% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of DORM. UBS Asset Management Americas Inc. grew its stake in Dorman Products by 67.3% in the first quarter. UBS Asset Management Americas Inc. now owns 15,133 shares of the auto parts company’s stock valued at $1,243,000 after acquiring an additional 6,087 shares during the period. Karp Capital Management Corp acquired a new position in Dorman Products in the first quarter valued at about $683,000. Parametric Portfolio Associates LLC grew its stake in Dorman Products by 3.3% in the first quarter. Parametric Portfolio Associates LLC now owns 89,015 shares of the auto parts company’s stock valued at $7,311,000 after acquiring an additional 2,851 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Dorman Products in the first quarter valued at about $188,000. Finally, Mason Street Advisors LLC grew its stake in Dorman Products by 7.2% in the first quarter. Mason Street Advisors LLC now owns 7,109 shares of the auto parts company’s stock valued at $584,000 after acquiring an additional 479 shares during the period. 75.52% of the stock is owned by hedge funds and other institutional investors.
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About Dorman Products
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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