Barrington Research restated their hold rating on shares of Dorman Products (NASDAQ:DORM) in a research report report published on Monday morning. Barrington Research also issued estimates for Dorman Products’ Q4 2018 earnings at $1.05 EPS, FY2018 earnings at $4.16 EPS, Q3 2019 earnings at $1.17 EPS and FY2019 earnings at $4.60 EPS.
“We believe that the company is on track to maintain this high-teens percentage of total sales in 2018.”,” Barrington Research’s analyst wrote.
A number of other equities analysts also recently issued reports on DORM. ValuEngine upgraded Dorman Products from a sell rating to a hold rating in a research report on Tuesday, July 31st. BidaskClub upgraded Dorman Products from a buy rating to a strong-buy rating in a research report on Saturday, July 7th. Finally, Zacks Investment Research upgraded Dorman Products from a sell rating to a hold rating in a research report on Tuesday, July 3rd. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $52.67.
Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, October 25th. The auto parts company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.02. Dorman Products had a return on equity of 19.80% and a net margin of 12.85%. The firm had revenue of $247.95 million for the quarter, compared to the consensus estimate of $234.46 million. As a group, research analysts expect that Dorman Products will post 4.18 EPS for the current fiscal year.
In other Dorman Products news, CEO Mathias J. Barton sold 18,986 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $81.34, for a total transaction of $1,544,321.24. Following the transaction, the chief executive officer now owns 111,011 shares in the company, valued at $9,029,634.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery Darby sold 1,367 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $76.13, for a total value of $104,069.71. Following the transaction, the senior vice president now owns 12,639 shares in the company, valued at approximately $962,207.07. The disclosure for this sale can be found here. Insiders have sold 24,278 shares of company stock worth $1,949,046 in the last quarter. 11.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its holdings in shares of Dorman Products by 5.1% during the second quarter. Legal & General Group Plc now owns 64,197 shares of the auto parts company’s stock valued at $4,420,000 after acquiring an additional 3,103 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Dorman Products by 1.7% during the first quarter. Principal Financial Group Inc. now owns 228,991 shares of the auto parts company’s stock valued at $15,161,000 after acquiring an additional 3,731 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Dorman Products by 24.9% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 68,831 shares of the auto parts company’s stock valued at $4,702,000 after acquiring an additional 13,731 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Dorman Products by 7.4% during the second quarter. Pinebridge Investments L.P. now owns 25,763 shares of the auto parts company’s stock valued at $1,761,000 after acquiring an additional 1,779 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Dorman Products during the second quarter valued at approximately $300,000. Institutional investors own 78.46% 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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