Dorman Products (NASDAQ:DORM) Earns “Buy” Rating from Roth Mkm

Dorman Products (NASDAQ:DORM)‘s stock had its “buy” rating reissued by stock analysts at Roth Mkm in a research report issued on Monday, Benzinga reports. They presently have a $153.00 target price on the auto parts company’s stock, up from their prior target price of $126.00. Roth Mkm’s target price would indicate a potential upside of 14.84% from the stock’s previous close.

Separately, CJS Securities started coverage on Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price for the company. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $125.67.

Dorman Products Price Performance

Shares of NASDAQ DORM traded up $5.44 during midday trading on Monday, reaching $133.23. 81,160 shares of the company traded hands, compared to its average volume of 129,267. The firm has a market cap of $4.07 billion, a PE ratio of 22.27 and a beta of 0.83. The stock’s 50-day simple moving average is $113.58 and its 200-day simple moving average is $101.50. Dorman Products has a 12 month low of $66.07 and a 12 month high of $133.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The company had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 17.15% and a net margin of 9.43%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.40 earnings per share. As a group, equities analysts anticipate that Dorman Products will post 6.15 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total value of $146,972.00. Following the completion of the sale, the senior vice president now directly owns 23,671 shares in the company, valued at $2,484,981.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total value of $146,972.00. Following the completion of the sale, the senior vice president now directly owns 23,671 shares in the company, valued at $2,484,981.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the sale, the director now owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,297 shares of company stock worth $6,163,491. 10.00% of the stock is owned by corporate insiders.

Institutional Trading of Dorman Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Equitable Trust Co. grew its position in shares of Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after buying an additional 97 shares during the period. Inspire Advisors LLC grew its position in shares of Dorman Products by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock worth $794,000 after buying an additional 112 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Dorman Products by 0.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company’s stock worth $1,317,000 after buying an additional 114 shares during the period. Creative Planning grew its position in shares of Dorman Products by 3.3% during the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock worth $412,000 after buying an additional 144 shares during the period. Finally, Procyon Advisors LLC grew its position in shares of Dorman Products by 7.1% during the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock worth $309,000 after buying an additional 180 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.