Dorman Products, Inc. (NASDAQ:DORM) SVP Sells $299,952.00 in Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $124.98, for a total value of $299,952.00. Following the completion of the sale, the senior vice president now directly owns 17,471 shares in the company, valued at $2,183,525.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jeffery Darby also recently made the following trade(s):

• On Tuesday, September 17th, Jeffery Darby sold 2,400 shares of Dorman Products stock. The shares were sold at an average price of $118.98, for a total value of $285,552.00.
• On Monday, August 26th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The shares were sold at an average price of $113.98, for a total value of $159,572.00.

Dorman Products Stock Performance

NASDAQ:DORM opened at $137.72 on Wednesday. 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 company has a market capitalization of $4.21 billion, a P/E ratio of 23.03 and a beta of 0.83. The firm has a 50-day moving average price of $114.51 and a two-hundred day moving average price of $102.17. Dorman Products, Inc. has a twelve month low of $66.07 and a twelve month high of $138.15.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data 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. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. During the same period last year, the company posted $1.40 EPS. The company’s revenue was up 3.2% on a year-over-year basis. As a group, research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Dorman Products

A number of institutional investors have recently made changes to their positions in DORM. Vanguard Group Inc. boosted its stake in shares of Dorman Products by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after acquiring an additional 41,849 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dorman Products by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after purchasing an additional 24,811 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of Dorman Products by 2.3% during the 3rd quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after purchasing an additional 6,754 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Dorman Products by 73.1% during the first quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock worth $27,316,000 after buying an additional 119,707 shares in the last quarter. Finally, Summit Creek Advisors LLC raised its position in shares of Dorman Products by 0.6% in the first quarter. Summit Creek Advisors LLC now owns 227,303 shares of the auto parts company’s stock valued at $21,910,000 after buying an additional 1,400 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

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.