Dorman Products, Inc. (NASDAQ:DORM) Insider Sells $1,140,497.90 in Stock

Dorman Products, Inc. (NASDAQ:DORM) insider John Mcknight sold 8,185 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the completion of the transaction, the insider now directly owns 8,902 shares in the company, valued at $1,240,404.68. The trade was a 47.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Dorman Products Stock Performance

Shares of Dorman Products stock traded down $0.71 during trading on Thursday, hitting $139.25. 98,032 shares of the stock were exchanged, compared to its average volume of 136,991. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $125.02 and a 200-day moving average price of $109.01. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 23.40 and a beta of 0.87. Dorman Products, Inc. has a 1-year low of $74.24 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $509.54 million. During the same quarter last year, the company posted $1.40 EPS. Dorman Products’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DORM has been the topic of a number of recent analyst reports. Roth Mkm reissued a “buy” rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities assumed 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 on the stock. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $125.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in shares of Dorman Products by 5.0% in the third quarter. Tidal Investments LLC now owns 4,918 shares of the auto parts company’s stock valued at $556,000 after acquiring an additional 234 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Dorman Products during the 3rd quarter worth approximately $29,000. Coldstream Capital Management Inc. bought a new position in shares of Dorman Products during the third quarter worth approximately $263,000. M&T Bank Corp raised its position in shares of Dorman Products by 22.1% in the third quarter. M&T Bank Corp now owns 31,300 shares of the auto parts company’s stock valued at $3,541,000 after buying an additional 5,662 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Dorman Products by 380.7% in the third quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock valued at $5,298,000 after buying an additional 37,098 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

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.