Dorman Products (NASDAQ:DORM) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reiterated their buy rating on shares of Dorman Products (NASDAQ:DORM) in a report issued on Monday, Benzinga reports. They currently have a $116.00 price target on the auto parts company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Barrington Research restated an outperform rating and issued a $90.00 price objective on shares of Dorman Products in a report on Tuesday, February 27th. StockNews.com upgraded shares of Dorman Products from a hold rating to a buy rating in a report on Thursday, March 7th. Finally, TheStreet upgraded shares of Dorman Products from a c+ rating to a b rating in a report on Wednesday, March 20th.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $97.43 on Monday. Dorman Products has a 1 year low of $60.01 and a 1 year high of $97.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.09. The company’s 50-day moving average is $87.05 and its 200 day moving average is $79.85. The stock has a market capitalization of $3.03 billion, a P/E ratio of 23.76 and a beta of 0.81.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.16. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The company had revenue of $494.30 million for the quarter, compared to analysts’ expectations of $494.86 million. During the same quarter in the previous year, the company earned $1.01 earnings per share. Dorman Products’s quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts expect that Dorman Products will post 5.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DORM. Raymond James & Associates lifted its stake in shares of Dorman Products by 0.9% in the first quarter. Raymond James & Associates now owns 40,638 shares of the auto parts company’s stock worth $3,862,000 after buying an additional 356 shares in the last quarter. Citigroup Inc. lifted its position in Dorman Products by 10.4% during the first quarter. Citigroup Inc. now owns 24,713 shares of the auto parts company’s stock valued at $2,348,000 after purchasing an additional 2,331 shares during the period. MetLife Investment Management LLC lifted its position in Dorman Products by 53.7% during the first quarter. MetLife Investment Management LLC now owns 13,854 shares of the auto parts company’s stock valued at $1,317,000 after purchasing an additional 4,839 shares during the period. Panagora Asset Management Inc. bought a new position in Dorman Products during the first quarter valued at approximately $468,000. Finally, Rhumbline Advisers lifted its position in Dorman Products by 2.2% during the first quarter. Rhumbline Advisers now owns 71,317 shares of the auto parts company’s stock valued at $6,777,000 after purchasing an additional 1,559 shares during the period. Institutional investors own 84.70% of the company’s stock.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.