Dorman Products, Inc. (NASDAQ:DORM) SVP Sells $159,572.00 in Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the sale, the senior vice president now directly owns 22,271 shares in the company, valued at approximately $2,538,448.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffery Darby also recently made the following trade(s):

• On Tuesday, August 6th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The shares were sold at an average price of $104.98, for a total value of $146,972.00.
• On Tuesday, July 16th, Jeffery Darby sold 1,400 shares of Dorman Products stock. The shares were sold at an average price of $98.98, for a total value of $138,572.00.

Dorman Products Stock Performance

NASDAQ:DORM opened at $113.42 on Friday. Dorman Products, Inc. has a 52 week low of $60.01 and a 52 week high of $114.51. The company has a fifty day simple moving average of $100.43 and a two-hundred day simple moving average of $94.17. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 22.82 and a beta of 0.82.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.19 by $0.48. The firm had revenue of $502.95 million during the quarter, compared to analysts’ expectations of $497.46 million. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. Dorman Products’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 EPS. As a group, equities analysts anticipate that Dorman Products, Inc. will post 6.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and set a $116.00 price target on shares of Dorman Products in a research report on Friday, June 14th.

Institutional Trading of Dorman Products

Several hedge funds have recently added to or reduced their stakes in DORM. Parallel Advisors LLC raised its holdings in Dorman Products by 277.4% in the fourth quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 233 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in Dorman Products in the first quarter valued at approximately $34,000. Quest Partners LLC acquired a new stake in Dorman Products in the fourth quarter valued at approximately $37,000. Mather Group LLC. acquired a new stake in Dorman Products in the first quarter valued at approximately $48,000. Finally, Rothschild Investment LLC acquired a new stake in Dorman Products in the second quarter valued at approximately $66,000. Institutional investors and hedge funds 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.