Several other research firms have also recently issued reports on DORM. Zacks Investment Research cut Dorman Products from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. ValuEngine cut Dorman Products from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Dorman Products in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.50.
DORM opened at $70.34 on Friday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. Dorman Products has a 1-year low of $65.68 and a 1-year high of $97.38. The business has a 50 day moving average price of $77.69 and a two-hundred day moving average price of $84.25.
Several hedge funds and other institutional investors have recently bought and sold shares of DORM. Royal Bank of Canada boosted its holdings in Dorman Products by 2.2% in the second quarter. Royal Bank of Canada now owns 361,772 shares of the auto parts company’s stock worth $31,525,000 after purchasing an additional 7,847 shares in the last quarter. Eaton Vance Management bought a new stake in Dorman Products in the second quarter worth $9,827,000. BRYN MAWR TRUST Co boosted its holdings in Dorman Products by 0.6% in the second quarter. BRYN MAWR TRUST Co now owns 37,651 shares of the auto parts company’s stock worth $3,281,000 after purchasing an additional 225 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Dorman Products in the second quarter worth $1,037,000. Finally, Nuveen Asset Management LLC bought a new stake in Dorman Products in the second quarter worth $10,195,000. 79.19% of the stock is currently owned by institutional investors.
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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