According to Zacks, “Dorman Products, Inc. is a leading supplier of Dealer Exclusive replacement parts to the Automotive, Medium and Heavy Duty Aftermarkets. Dorman products are marketed under the Dorman, OE Solutions, HELP!, AutoGrade, First Stop, Conduct-Tite, TECHoice, Dorman Hybrid Drive Batteries and Dorman HD Solutions brand names. “
Dorman Products (NASDAQ:DORM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
A number of other equities research analysts have also recently commented on DORM. ValuEngine upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. BidaskClub upgraded shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 20th. Finally, CL King cut shares of Dorman Products from a “buy” rating to a “neutral” rating in a report on Monday, January 14th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $56.50.
NASDAQ:DORM opened at $82.42 on Tuesday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 1.51 and a beta of 0.61. Dorman Products has a 12 month low of $56.36 and a 12 month high of $97.38.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, February 25th. The auto parts company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $260.34 million during the quarter, compared to analysts’ expectations of $249.09 million. Dorman Products had a net margin of 12.85% and a return on equity of 19.80%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the company posted $0.87 earnings per share. Equities analysts predict that Dorman Products will post 4.45 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of DORM. First Trust Advisors LP grew its holdings in shares of Dorman Products by 66.2% during the third quarter. First Trust Advisors LP now owns 24,251 shares of the auto parts company’s stock valued at $1,865,000 after buying an additional 9,662 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Dorman Products by 13.7% during the third quarter. Russell Investments Group Ltd. now owns 113,646 shares of the auto parts company’s stock valued at $8,742,000 after buying an additional 13,670 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Dorman Products by 64.0% during the third quarter. Victory Capital Management Inc. now owns 7,127 shares of the auto parts company’s stock valued at $548,000 after buying an additional 2,781 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Dorman Products by 6.8% during the third quarter. Wells Fargo & Company MN now owns 134,671 shares of the auto parts company’s stock valued at $10,358,000 after buying an additional 8,573 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Dorman Products during the third quarter valued at about $204,000. Hedge funds and other institutional investors own 79.62% 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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