Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) SVP Sells 3,277 Shares of Stock

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

Dorman Products Stock Performance

Shares of Dorman Products stock traded up $1.63 during trading hours on Tuesday, hitting $135.64. 137,781 shares of the company's stock traded hands, compared to its average volume of 136,745. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 22.68 and a beta of 0.83. Dorman Products, Inc. has a 12-month low of $69.77 and a 12-month high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company has a fifty day simple moving average of $119.59 and a 200-day simple moving average of $105.46.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The company's revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on DORM. Roth Mkm reissued 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, November 4th. 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 for the company. Four 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 target price of $125.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DORM. Farther Finance Advisors LLC boosted its position in Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock worth $31,000 after purchasing an additional 273 shares during the period. Advisors Asset Management Inc. purchased a new position in Dorman Products in the 3rd quarter valued at approximately $31,000. Quest Partners LLC bought a new stake in Dorman Products during the 2nd quarter valued at $37,000. Covestor Ltd lifted 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 acquiring an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Dorman Products by 63.2% in the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company's stock worth $55,000 after acquiring an additional 187 shares during the period. Institutional investors own 84.70% of the company's stock.

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.