Dorman Products (NASDAQ:DORM) Lowered to Hold at StockNews.com

Dorman Products (NASDAQ:DORMGet Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

DORM has been the subject of a number of other research reports. Stephens reduced their price target on Dorman Products to $97.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Barrington Research boosted their price target on Dorman Products from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, June 10th. Finally, MKM Partners began coverage on Dorman Products in a research report on Wednesday, May 18th. They set a “buy” rating and a $129.00 price target for the company.

Dorman Products Price Performance

Shares of DORM opened at $98.09 on Friday. The company has a market cap of $3.08 billion, a P/E ratio of 22.19 and a beta of 0.52. The stock has a fifty day moving average price of $105.66 and a 200 day moving average price of $99.11. Dorman Products has a 12 month low of $88.43 and a 12 month high of $122.96.

Dorman Products (NASDAQ:DORMGet Rating) last issued its quarterly earnings data on Monday, July 25th. The auto parts company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.02). Dorman Products had a return on equity of 17.00% and a net margin of 8.96%. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $400.57 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. Dorman Products’s quarterly revenue was up 34.4% compared to the same quarter last year. As a group, research analysts anticipate that Dorman Products will post 5.09 earnings per share for the current year.

Institutional Trading of Dorman Products

Several institutional investors have recently modified their holdings of DORM. CWM LLC acquired a new stake in shares of Dorman Products during the fourth quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Dorman Products during the first quarter worth $30,000. Quadrant Capital Group LLC raised its position in shares of Dorman Products by 71.4% during the first quarter. Quadrant Capital Group LLC now owns 372 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 155 shares during the period. First Horizon Advisors Inc. raised its position in shares of Dorman Products by 4,038.5% during the second quarter. First Horizon Advisors Inc. now owns 538 shares of the auto parts company’s stock worth $57,000 after purchasing an additional 525 shares during the period. Finally, UMB Bank N A MO acquired a new stake in shares of Dorman Products during the fourth quarter worth $62,000. Institutional investors and hedge funds own 82.23% of the company’s stock.

About Dorman Products

(Get Rating)

Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and 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 oil drain plugs, and wheel bolts and lug nuts.

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