Dorman Products (DORM) Upgraded at ValuEngine

ValuEngine upgraded shares of Dorman Products (NASDAQ:DORM) from a hold rating to a buy rating in a report issued on Tuesday, April 16th, ValuEngine reports.

Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Dorman Products from a strong-buy rating to a buy rating in a research report on Friday, January 25th. Zacks Investment Research upgraded Dorman Products from a hold rating to a buy rating and set a $97.00 price objective for the company in a research report on Thursday, December 27th. Barrington Research restated a hold rating on shares of Dorman Products in a research report on Tuesday, February 26th. Finally, CL King downgraded Dorman Products from a buy rating to a neutral rating in a research report on Monday, January 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $56.50.

DORM traded down $1.70 during trading on Tuesday, reaching $84.93. The company’s stock had a trading volume of 96,100 shares, compared to its average volume of 221,228. Dorman Products has a 52-week low of $64.06 and a 52-week high of $97.38. The firm has a market capitalization of $2.86 billion, a PE ratio of 20.22, a P/E/G ratio of 1.52 and a beta of 0.53.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Capital Group LLC raised its holdings in Dorman Products by 22.3% in the 1st quarter. Private Capital Group LLC now owns 725 shares of the auto parts company’s stock valued at $64,000 after acquiring an additional 132 shares during the last quarter. Piedmont Investment Advisors Inc. raised its holdings in Dorman Products by 2.9% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,882 shares of the auto parts company’s stock valued at $620,000 after acquiring an additional 195 shares during the last quarter. Captrust Financial Advisors raised its holdings in Dorman Products by 90.7% in the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 196 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Dorman Products by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,262 shares of the auto parts company’s stock valued at $992,000 after buying an additional 203 shares during the period. Finally, Stone Ridge Asset Management LLC grew its stake in shares of Dorman Products by 2.6% during the 4th quarter. Stone Ridge Asset Management LLC now owns 8,289 shares of the auto parts company’s stock valued at $746,000 after buying an additional 207 shares during the period. Institutional investors own 79.93% of the company’s stock.

Dorman Products Company Profile

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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