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 firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 20,126 shares of the company’s stock, valued at $2,712,783.54. This trade represents a 14.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Dorman Products Trading Down 0.4 %

Shares of Dorman Products stock opened at $135.15 on Thursday. The company has a market capitalization of $4.12 billion, a P/E ratio of 22.60 and a beta of 0.83. The stock has a fifty day simple moving average of $120.09 and a 200 day simple moving average of $105.67. Dorman Products, Inc. has a 12-month low of $69.77 and a 12-month high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating 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 company had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. CJS Securities assumed coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $125.67.

Hedge Funds Weigh In On Dorman Products

Several hedge funds have recently modified their holdings of DORM. Vanguard Group Inc. increased its position in shares of Dorman Products by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after acquiring an additional 41,849 shares during the last quarter. State Street Corp grew its stake in Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after purchasing an additional 87,780 shares during the period. Dimensional Fund Advisors LP grew its stake in Dorman Products by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after purchasing an additional 24,811 shares during the period. Royce & Associates LP increased its position in shares of Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after purchasing an additional 78,496 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after purchasing an additional 55,615 shares during the period. Institutional investors own 84.70% of the company’s stock.

About Dorman Products

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.