Dorman Products (DORM) Receives a Rating Update from a Top Analyst

In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Dorman Products (DORMResearch Report). The company’s shares closed last Thursday at $103.83.

According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 44.6% and a 59.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services, Points International, and Liquidity Services.

The word on The Street in general, suggests a Hold analyst consensus rating for Dorman Products.

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Based on Dorman Products’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $288 million and net profit of $32.73 million. In comparison, last year the company earned revenue of $258 million and had a net profit of $22.78 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DORM in relation to earlier this year. Most recently, in April 2021, Jeffery Darby, the SVP Sales & Mkt of DORM bought 3,096 shares for a total of $241,009.

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Dorman Products, Inc. engages in the supply of automotive replacement parts, fasteners, and service line products for the automotive aftermarket. Its products comprise of power-train, automotive body, chassis, and hardware. The company was founded by Steven L. Berman and Richard N. Berman in October 1978 and is headquartered in Colmar, PA.