ValuEngine upgraded shares of Dorman Products (NASDAQ:DORM) from a hold rating to a buy rating in a report released on Thursday.
Several other brokerages have also weighed in on DORM. BidaskClub lowered shares of Dorman Products from a buy rating to a hold rating in a report on Thursday, September 20th. Barrington Research reissued a hold rating on shares of Dorman Products in a report on Monday, October 22nd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $46.50.
Shares of DORM stock opened at $86.03 on Thursday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.58 and a beta of 0.98. Dorman Products has a 1-year low of $56.36 and a 1-year high of $91.32.
In other Dorman Products news, CEO Mathias J. Barton sold 38,871 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $87.89, for a total transaction of $3,416,372.19. Following the completion of the transaction, the chief executive officer now directly owns 82,931 shares of the company’s stock, valued at approximately $7,288,805.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.90% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc lifted its position in shares of Dorman Products by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 2,732,884 shares of the auto parts company’s stock worth $210,213,000 after buying an additional 38,825 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Dorman Products by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,732,884 shares of the auto parts company’s stock worth $210,213,000 after buying an additional 38,825 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Dorman Products by 7.2% in the 3rd quarter. Legal & General Group Plc now owns 68,799 shares of the auto parts company’s stock worth $5,312,000 after buying an additional 4,602 shares during the last quarter. Csenge Advisory Group bought a new position in shares of Dorman Products in the 3rd quarter worth about $3,390,000. Finally, Teachers Advisors LLC lifted its position in shares of Dorman Products by 5.6% in the 3rd quarter. Teachers Advisors LLC now owns 54,111 shares of the auto parts company’s stock worth $4,162,000 after buying an additional 2,864 shares during the last quarter. 79.95% of the stock is owned by institutional investors.
Dorman Products Company Profile
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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