A number of other research analysts have also recently weighed in on the stock. Barrington Research restated a hold rating on shares of Dorman Products in a report on Tuesday, February 26th. Zacks Investment Research upgraded shares of Dorman Products from a sell rating to a hold rating in a report on Tuesday, April 2nd. CL King cut shares of Dorman Products from a buy rating to a neutral rating in a report on Monday, January 14th. Finally, ValuEngine cut shares of Dorman Products from a buy rating to a hold rating in a report on Monday, February 4th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $56.50.
Shares of DORM stock opened at $93.59 on Friday. The company has a market capitalization of $3.08 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.61 and a beta of 0.54. Dorman Products has a fifty-two week low of $56.36 and a fifty-two week high of $97.38.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, February 25th. The auto parts company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. The firm had revenue of $260.34 million during the quarter, compared to analysts’ expectations of $249.09 million. Dorman Products had a net margin of 13.72% and a return on equity of 20.20%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. Research analysts expect that Dorman Products will post 4.45 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of DORM. Captrust Financial Advisors grew its holdings in Dorman Products by 90.7% during the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 196 shares in the last quarter. Private Capital Group LLC grew its holdings in Dorman Products by 62.9% during the 4th quarter. Private Capital Group LLC now owns 593 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 229 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Dorman Products during the 4th quarter worth approximately $96,000. Strs Ohio acquired a new position in Dorman Products during the 4th quarter worth approximately $126,000. Finally, LS Investment Advisors LLC grew its holdings in Dorman Products by 98.7% during the 4th quarter. LS Investment Advisors LLC now owns 1,820 shares of the auto parts company’s stock worth $164,000 after acquiring an additional 904 shares in the last quarter. Institutional investors own 80.26% of the company’s stock.
About Dorman Products
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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