Dorman Products, Inc. (NASDAQ:DORM) SVP Jeffery Darby Sells 2,400 Shares

Dorman Products, Inc. (NASDAQ:DORM) SVP Jeffery Darby sold 2,400 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 17,471 shares of the company’s stock, valued at $2,183,525.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 transaction 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 transaction of $159,572.00.

Dorman Products Price Performance

Shares of NASDAQ DORM traded up $2.74 during mid-day trading on Tuesday, hitting $136.47. 78,936 shares of the stock traded hands, compared to its average volume of 129,871. The company has a market cap of $4.17 billion, a PE ratio of 22.36 and a beta of 0.83. Dorman Products, Inc. has a twelve month low of $66.07 and a twelve month high of $137.24. The firm has a 50 day simple moving average of $114.00 and a two-hundred day simple moving average of $101.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the prior year, the business earned $1.40 earnings per share. Dorman Products’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Dorman Products

Institutional investors and hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC purchased a new stake in Dorman Products in the 3rd quarter worth approximately $427,000. WCM Investment Management LLC raised its stake in Dorman Products by 2.3% during the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock valued at $34,372,000 after purchasing an additional 6,754 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Dorman Products during the third quarter valued at $236,000. Covestor Ltd raised its stake in shares of Dorman Products by 781.4% in the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 336 shares during the period. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Dorman Products in the third quarter valued at $1,335,000. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

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