Dorman Products, Inc. (NASDAQ:DORM) SVP Sells $441,706.83 in Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna M. Long sold 3,277 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $134.79, for a total value of $441,706.83. Following the transaction, the senior vice president now owns 20,126 shares of the company’s stock, valued at $2,712,783.54. This trade represents a 14.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Dorman Products Price Performance

NASDAQ DORM traded down $0.65 on Tuesday, reaching $133.36. The company’s stock had a trading volume of 5,135 shares, compared to its average volume of 136,138. The firm’s 50 day moving average is $119.05 and its two-hundred day moving average is $105.15. The stock has a market cap of $4.07 billion, a PE ratio of 22.41 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a twelve month low of $69.77 and a twelve month high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. As a group, sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Institutional Trading of Dorman Products

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 273 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Dorman Products in the 3rd quarter valued at $31,000. Quest Partners LLC bought a new position in Dorman Products during the second quarter valued at about $37,000. Covestor Ltd lifted its holdings in Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after purchasing an additional 187 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DORM has been the subject of a number of recent analyst reports. CJS Securities started coverage on shares of Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price for the company. Roth Mkm reiterated a “buy” rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $125.67.

Dorman Products Company Profile

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.