Dorman Products (NASDAQ:DORM) Sets New 52-Week Low – Here’s What Happened

Dorman Products, Inc. (NASDAQ:DORM) reached a new 52-week low during trading on Wednesday . The company traded as low as $108.82 and last traded at $113.30, with a volume of 292523 shares traded. The stock had previously closed at $112.09.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 26th.

Dorman Products Stock Performance

The firm has a fifty day simple moving average of $120.49 and a 200-day simple moving average of $126.71. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 18.95 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last released its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. Analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at $2,593,779.72. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DORM. Fuller & Thaler Asset Management Inc. purchased a new position in Dorman Products in the 4th quarter valued at approximately $42,495,000. Norges Bank purchased a new position in Dorman Products in the 4th quarter worth approximately $41,047,000. Oberweis Asset Management Inc. purchased a new position in shares of Dorman Products during the fourth quarter valued at approximately $23,283,000. Wellington Management Group LLP increased its stake in shares of Dorman Products by 1,136.2% during the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock valued at $22,635,000 after buying an additional 160,584 shares during the period. Finally, Cercano Management LLC bought a new position in shares of Dorman Products in the 4th quarter worth about $16,328,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

About Dorman Products

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.