Dorman Products, Inc. (NASDAQ:DORM) SVP Donna M. Long Sells 3,277 Shares

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna M. Long sold 3,277 shares of Dorman Products stock in a transaction on Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the completion of the transaction, the senior vice president now owns 20,126 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link.

Dorman Products Stock Up 1.2 %

Shares of DORM stock opened at $135.64 on Wednesday. Dorman Products, Inc. has a one year low of $69.77 and a one year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock has a fifty day moving average price of $119.59 and a 200 day moving average price of $105.46. The stock has a market cap of $4.14 billion, a P/E ratio of 22.68 and a beta of 0.83.

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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $509.54 million. During the same period in the previous year, the business earned $1.40 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. Analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Roth Mkm reiterated a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities initiated coverage on shares of Dorman Products in a research note 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 MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $125.67.

Institutional Investors Weigh In On Dorman Products

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in shares of Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Dorman Products during the third quarter valued at $31,000. Quest Partners LLC acquired a new stake in shares of Dorman Products in the 2nd quarter valued at $37,000. Covestor Ltd grew its holdings in shares of 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 grew its stake in Dorman Products by 63.2% during the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after buying an additional 187 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

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.