Eric Luftig Sells 3,278 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Eric Luftig sold 3,278 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the completion of the sale, the senior vice president now directly owns 5,934 shares of the company’s stock, valued at $837,821.46. This trade represents a 35.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dorman Products Trading Down 2.1 %

DORM opened at $139.80 on Friday. Dorman Products, Inc. has a 12-month low of $69.77 and a 12-month 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 market capitalization of $4.27 billion, a PE ratio of 23.38 and a beta of 0.83. The firm’s fifty day moving average price is $122.59 and its 200 day moving average price is $107.35.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Dorman Products by 5.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock valued at $20,526,000 after acquiring an additional 10,915 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Dorman Products by 41.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after purchasing an additional 3,993 shares during the period. SG Americas Securities LLC lifted its position in shares of Dorman Products by 1,595.0% in the 2nd quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock worth $1,924,000 after buying an additional 19,794 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Dorman Products by 26.7% in the 3rd quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company’s stock valued at $3,944,000 after buying an additional 7,349 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Dorman Products in the 2nd quarter valued at about $2,807,000. Institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DORM shares. Roth Mkm restated a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. CJS Securities assumed coverage on shares of Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price objective for the company. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products presently has an average rating of “Buy” and an average target price of $125.67.

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.