Dorman Products (NASDAQ:DORM) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm restated their buy rating on shares of Dorman Products (NASDAQ:DORM) in a research note published on Friday, Benzinga reports. Roth Mkm currently has a $116.00 price target on the auto parts company’s stock.

DORM has been the subject of a number of other research reports. StockNews.com raised Dorman Products from a hold rating to a buy rating in a report on Thursday, March 7th. TheStreet raised shares of Dorman Products from a c+ rating to a b rating in a research note on Wednesday, March 20th. Finally, Barrington Research reiterated an outperform rating and issued a $90.00 target price on shares of Dorman Products in a research note on Tuesday, February 27th.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $92.32 on Friday. The firm has a market capitalization of $2.86 billion, a PE ratio of 18.58 and a beta of 0.83. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $90.83 and a two-hundred day moving average price of $87.32. Dorman Products has a twelve month low of $60.01 and a twelve month high of $98.55.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Tuesday, May 7th. The auto parts company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.82 by $0.49. Dorman Products had a net margin of 8.10% and a return on equity of 14.61%. The company had revenue of $468.70 million during the quarter, compared to the consensus estimate of $472.35 million. During the same period last year, the firm earned $0.56 EPS. Dorman Products’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts forecast that Dorman Products will post 5.64 EPS for the current year.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $92.06, for a total value of $46,030.00. Following the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at $1,852,799.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its holdings in shares of Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 233 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in Dorman Products during the first quarter valued at approximately $34,000. Headinvest LLC purchased a new position in shares of Dorman Products during the third quarter worth approximately $30,000. Quest Partners LLC bought a new stake in shares of Dorman Products in the 4th quarter worth approximately $37,000. Finally, Mather Group LLC. purchased a new stake in shares of Dorman Products in the 1st quarter valued at $48,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

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.