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 dated Friday, November 1st. The shares were sold at an average price of $124.98, for a total value of $299,952.00. Following the sale, the senior vice president now directly owns 17,471 shares in the company, valued at $2,183,525.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was 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 Trading Up 2.0 %

DORM traded up $2.74 during trading on Tuesday, hitting $136.47. 78,936 shares of the stock were exchanged, compared to its average volume of 129,871. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 22.36 and a beta of 0.83. The firm has a 50 day simple moving average of $114.00 and a 200 day simple moving average of $101.83. Dorman Products, Inc. has a 1 year low of $66.07 and a 1 year high of $137.24.

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

Hedge Funds Weigh In On Dorman Products

A number of hedge funds have recently modified their holdings of DORM. Farther Finance Advisors LLC increased its stake in 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. Quest Partners LLC acquired a new stake in shares of Dorman Products during the second quarter worth about $37,000. Covestor Ltd increased its position in shares of Dorman Products by 781.4% during the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 336 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of 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. Finally, USA Financial Formulas purchased a new position in shares of Dorman Products during the third quarter worth about $58,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on DORM shares. Roth Mkm reiterated a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday. CJS Securities started coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price for the company. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently 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.