Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 223,256 shares changed hands during mid-day trading, an increase of 33% from the previous session's volume of 168,097 shares.The stock last traded at $111.08 and had previously closed at $111.86.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday.
Read Our Latest Stock Report on DORM
Dorman Products Trading Down 0.4 %
The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.40 billion, a PE ratio of 18.59 and a beta of 0.87. The stock's fifty day moving average price is $122.73 and its two-hundred day moving average price is $126.73.
Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $533.77 million during the quarter, compared to analysts' expectations of $523.95 million. Sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.
Insider Buying and Selling at Dorman Products
In related news, Director Steven L. Berman sold 2,633 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $130.56, for a total transaction of $343,764.48. Following the sale, the director now owns 814,339 shares of the company's stock, valued at $106,320,099.84. The trade was a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the sale, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,679 shares of company stock valued at $3,253,409. 10.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC bought a new position in shares of Dorman Products in the 4th quarter worth approximately $287,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Dorman Products by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock worth $45,954,000 after acquiring an additional 4,102 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Dorman Products during the 4th quarter valued at $387,000. Thrivent Financial for Lutherans increased its position in Dorman Products by 21.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company's stock worth $4,047,000 after buying an additional 5,441 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in Dorman Products in the fourth quarter worth about $313,000. Institutional investors own 84.70% of the company's stock.
About Dorman Products
(
Get Free Report)
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.
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