Dorman Products (NASDAQ:DORM) Announces Earnings Results

Dorman Products (NASDAQ:DORM) issued its earnings results on Wednesday. The auto parts company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21, Zacks reports. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%.

Dorman Products Stock Down 1.2 %

Shares of DORM stock traded down $1.56 during trading hours on Wednesday, reaching $124.01. 186,400 shares of the company’s stock were exchanged, compared to its average volume of 169,416. 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 stock’s 50 day moving average is $128.76 and its 200-day moving average is $123.92. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 20.74 and a beta of 0.88. Dorman Products has a fifty-two week low of $86.61 and a fifty-two week high of $146.60.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, insider John Mcknight sold 8,185 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares of the company’s stock, valued at approximately $1,240,404.68. This represents a 47.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $132.52, for a total transaction of $348,925.16. Following the sale, the director now owns 833,812 shares of the company’s stock, valued at approximately $110,496,766.24. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,533 shares of company stock valued at $6,619,683. Corporate insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DORM shares. StockNews.com lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Roth Mkm reiterated a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.