Donna M. Long Sells 3,277 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna M. Long sold 3,277 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at $2,712,783.54. This represents a 14.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dorman Products Trading Down 0.4 %

Shares of DORM stock opened at $135.15 on Thursday. Dorman Products, Inc. has a 52-week low of $69.77 and a 52-week high of $146.60. 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 company has a market capitalization of $4.12 billion, a PE ratio of 22.60 and a beta of 0.83. The business’s fifty day moving average is $120.09 and its 200 day moving average is $105.67.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS 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 for the quarter, compared to analysts’ expectations of $509.54 million. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Roth Mkm reissued a “buy” rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities initiated coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dorman Products has an average rating of “Buy” and an average price target of $125.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DORM. Westside Investment Management Inc. purchased a new position in Dorman Products in the 3rd quarter worth $29,000. Coldstream Capital Management Inc. bought a new stake in Dorman Products during the 3rd quarter valued at $263,000. M&T Bank Corp boosted its position in Dorman Products by 22.1% during the 3rd quarter. M&T Bank Corp now owns 31,300 shares of the auto parts company’s stock valued at $3,541,000 after buying an additional 5,662 shares during the period. Barclays PLC grew its holdings in Dorman Products by 380.7% in the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock worth $5,298,000 after acquiring an additional 37,098 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Dorman Products by 17.7% in the third quarter. MML Investors Services LLC now owns 3,462 shares of the auto parts company’s stock worth $392,000 after purchasing an additional 521 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

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.