Separately, Roth Mkm reissued a "buy" rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $125.67.
Get Our Latest Analysis on DORM
Shares of DORM stock opened at $126.24 on Tuesday. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 21.11 and a beta of 0.88. Dorman Products has a 52-week low of $80.28 and a 52-week high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $131.57 and its 200 day moving average is $122.13.
In related news, SVP Eric Luftig sold 3,278 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $141.19, for a total transaction of $462,820.82. Following the transaction, the senior vice president now directly owns 5,934 shares in the company, valued at $837,821.46. The trade was a 35.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven L. Berman sold 8,524 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the sale, the director now owns 773,094 shares of the company's stock, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,088 shares of company stock valued at $7,524,211 over the last 90 days. Insiders own 10.00% of the company's stock.
Large investors have recently modified their holdings of the business. State Street Corp boosted its stake in Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock worth $125,374,000 after purchasing an additional 87,780 shares in the last quarter. GW&K Investment Management LLC raised its holdings in shares of Dorman Products by 1.5% in the fourth quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company's stock worth $77,341,000 after buying an additional 8,830 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Dorman Products by 17.6% during the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company's stock worth $59,262,000 after buying an additional 78,496 shares during the period. Jennison Associates LLC increased its position in shares of Dorman Products by 13.9% in the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company's stock valued at $51,453,000 after acquiring an additional 55,615 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Dorman Products by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock valued at $45,954,000 after acquiring an additional 4,102 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.
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.
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