Dorman Products (NASDAQ:DORM) Sets New 1-Year High at $109.91

Dorman Products, Inc. (NASDAQ:DORM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $109.91 and last traded at $109.65, with a volume of 69818 shares. The stock had previously closed at $106.85.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a research report on Friday, June 14th.

Dorman Products Stock Performance

The firm has a 50 day moving average of $97.29 and a 200-day moving average of $92.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40. The stock has a market capitalization of $3.37 billion, a PE ratio of 21.50 and a beta of 0.82.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.48. The firm had revenue of $502.95 million during the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. Research analysts forecast that Dorman Products, Inc. will post 6.15 earnings per share for the current year.

Insider Buying and Selling at Dorman Products

In other news, SVP Jeffery Darby sold 1,400 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total value of $146,972.00. Following the completion of the sale, the senior vice president now directly owns 23,671 shares of the company’s stock, valued at approximately $2,484,981.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in shares of Dorman Products by 277.4% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after buying an additional 233 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in Dorman Products during the first quarter worth $34,000. Quest Partners LLC acquired a new position in Dorman Products during the 2nd quarter worth approximately $37,000. Mather Group LLC. acquired a new stake in shares of Dorman Products during the first quarter valued at about $48,000. Finally, Rothschild Investment LLC acquired a new stake in Dorman Products in the second quarter valued at $66,000. 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.