Dorman Products Inc. (NASDAQ:DORM)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $84.85 and traded as high as $84.19. Dorman Products shares last traded at $83.49, with a volume of 1,012 shares changing hands.

DORM has been the topic of several recent analyst reports. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.50.

The business’s 50 day simple moving average is $84.85. The firm has a market capitalization of $2.69 billion, a PE ratio of 19.55, a P/E/G ratio of 1.42 and a beta of 0.62.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, April 29th. The auto parts company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.17). Dorman Products had a return on equity of 18.77% and a net margin of 12.76%. The firm had revenue of $243.80 million during the quarter, compared to the consensus estimate of $248.09 million. During the same period in the prior year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Dorman Products Inc. will post 4.43 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. MML Investors Services LLC bought a new stake in shares of Dorman Products in the 4th quarter worth $236,000. Raymond James & Associates raised its position in shares of Dorman Products by 19.0% during the first quarter. Raymond James & Associates now owns 30,427 shares of the auto parts company’s stock worth $2,680,000 after purchasing an additional 4,851 shares during the period. Hsbc Holdings PLC raised its position in shares of Dorman Products by 5.7% during the fourth quarter. Hsbc Holdings PLC now owns 6,252 shares of the auto parts company’s stock worth $563,000 after purchasing an additional 338 shares during the period. Comerica Bank raised its position in shares of Dorman Products by 3.6% during the first quarter. Comerica Bank now owns 49,458 shares of the auto parts company’s stock worth $4,562,000 after purchasing an additional 1,730 shares during the period. Finally, Suntrust Banks Inc. raised its position in shares of Dorman Products by 3.7% during the fourth quarter. Suntrust Banks Inc. now owns 40,272 shares of the auto parts company’s stock worth $3,626,000 after purchasing an additional 1,431 shares during the period. 81.04% of the stock is currently owned by institutional investors.

Dorman Products Company Profile (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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