A number of other brokerages also recently commented on DORM. ValuEngine downgraded Dorman Products from a buy rating to a hold rating in a research note on Monday, July 8th. Barrington Research reaffirmed a hold rating on shares of Dorman Products in a research note on Monday, July 29th. Finally, Zacks Investment Research lowered Dorman Products from a hold rating to a sell rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $56.50.
Shares of DORM opened at $81.53 on Friday. The company has a market capitalization of $2.67 billion, a PE ratio of 19.41, a PEG ratio of 1.79 and a beta of 0.57. The company’s 50 day moving average price is $73.92 and its 200 day moving average price is $82.86. Dorman Products has a 52 week low of $65.68 and a 52 week high of $97.38.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, July 30th. The auto parts company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.48). Dorman Products had a net margin of 11.28% and a return on equity of 16.36%. The company had revenue of $254.18 million for the quarter, compared to analysts’ expectations of $263.68 million. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. As a group, equities analysts predict that Dorman Products will post 3.33 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Dorman Products by 1.3% in the first quarter. BlackRock Inc. now owns 4,097,147 shares of the auto parts company’s stock worth $360,918,000 after buying an additional 51,122 shares during the last quarter. Vanguard Group Inc. raised its holdings in Dorman Products by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,871,470 shares of the auto parts company’s stock worth $250,220,000 after acquiring an additional 64,595 shares during the period. Dimensional Fund Advisors LP raised its holdings in Dorman Products by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 940,179 shares of the auto parts company’s stock worth $84,633,000 after acquiring an additional 11,446 shares during the period. Conestoga Capital Advisors LLC lifted its position in Dorman Products by 2.7% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 815,548 shares of the auto parts company’s stock worth $71,067,000 after acquiring an additional 21,660 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C lifted its position in Dorman Products by 1.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 647,525 shares of the auto parts company’s stock worth $56,425,000 after acquiring an additional 7,496 shares during the last quarter. Institutional investors own 82.39% 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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