Dorman Products (NASDAQ:DORM) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Dorman Products (NASDAQ:DORM) from a buy rating to a hold rating in a report published on Monday, ValuEngine reports.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of German American Bancorp. from a buy rating to a hold rating in a research report on Tuesday, April 30th. BidaskClub upgraded shares of DENTSPLY SIRONA from a buy rating to a strong-buy rating in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company currently has a consensus rating of Hold and an average price target of $56.50.

DORM stock opened at $79.18 on Monday. The firm has a fifty day simple moving average of $84.78. Dorman Products has a 12 month low of $65.68 and a 12 month high of $97.38. The stock has a market cap of $2.66 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.53 and a beta of 0.62.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, April 29th. The auto parts company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.17). Dorman Products had a net margin of 12.76% and a return on equity of 18.77%. The business had revenue of $243.80 million during the quarter, compared to analysts’ expectations of $248.09 million. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts predict that Dorman Products will post 4.43 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors raised its position in Dorman Products by 90.7% during the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock worth $37,000 after buying an additional 196 shares during the last quarter. Private Capital Group LLC raised its position in Dorman Products by 22.3% during the 1st quarter. Private Capital Group LLC now owns 725 shares of the auto parts company’s stock worth $64,000 after buying an additional 132 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Dorman Products during the 1st quarter worth $86,000. Coldstream Capital Management Inc. purchased a new position in Dorman Products during the 4th quarter worth $221,000. Finally, Ibex Investors LLC purchased a new position in Dorman Products during the 4th quarter worth $225,000. Institutional investors own 81.05% 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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