Dorman Products, Inc. (NASDAQ:DORM) SVP Sells $462,820.82 in Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Eric Luftig sold 3,278 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 5,934 shares of the company’s stock, valued at approximately $837,821.46. This trade represents a 35.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $139.80 on Friday. The stock has a market cap of $4.27 billion, a P/E ratio of 23.38 and a beta of 0.83. The firm’s 50-day simple moving average is $122.59 and its 200 day simple moving average is $107.35. Dorman Products, Inc. has a fifty-two week low of $69.77 and a fifty-two week high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. The company had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. Dorman Products’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. Equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

DORM has been the topic of several recent research reports. CJS Securities began 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 on the stock. Roth Mkm reaffirmed a “buy” rating and set a $153.00 price target (up previously 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, Dorman Products currently has an average rating of “Buy” and an average price target of $125.67.

Institutional Investors Weigh In On Dorman Products

A number of institutional investors have recently added to or reduced their stakes in the company. Equitable Trust Co. increased its position in shares of Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock valued at $508,000 after purchasing an additional 97 shares during the period. Inspire Advisors LLC raised its position in Dorman Products by 1.3% in the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock worth $794,000 after acquiring an additional 112 shares in the last quarter. Creative Planning raised its position in Dorman Products by 3.3% in the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock worth $412,000 after acquiring an additional 144 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Dorman Products by 28.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock valued at $75,000 after acquiring an additional 146 shares during the last quarter. Finally, Procyon Advisors LLC boosted its position in shares of Dorman Products by 7.1% during the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock valued at $309,000 after purchasing an additional 180 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.