Dorman Products, Inc. (NASDAQ:DORM) SVP Sells $96,741.96 in Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $124.91 on Monday. The firm’s fifty day simple moving average is $128.37 and its 200-day simple moving average is $125.22. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 20.89 and a beta of 0.84. Dorman Products, Inc. has a 12 month low of $86.61 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.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. The business had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. As a group, equities analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Hedge Funds Weigh In On Dorman Products

Institutional investors have recently modified their holdings of the business. Westside Investment Management Inc. acquired a new position in shares of Dorman Products in the 3rd quarter valued at $29,000. Jones Financial Companies Lllp grew its position in Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after buying an additional 197 shares during the last quarter. Farther Finance Advisors LLC grew its position in Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after buying an additional 273 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Dorman Products in the 3rd quarter valued at $31,000. Finally, Quent Capital LLC purchased a new position in Dorman Products in the 4th quarter valued at $31,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, February 28th.

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.