Dorman Products, Inc. (NASDAQ:DORM) Director Sells $380,451.00 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director John J. Gavin sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the sale, the director now directly owns 8,132 shares in the company, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dorman Products Price Performance

Dorman Products stock traded up $0.10 during midday trading on Tuesday, reaching $130.50. The company’s stock had a trading volume of 167,298 shares, compared to its average volume of 183,619. The stock’s 50 day simple moving average is $119.75 and its 200 day simple moving average is $127.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a market capitalization of $3.98 billion, a PE ratio of 21.82 and a beta of 0.86. Dorman Products, Inc. has a fifty-two week low of $87.05 and a fifty-two week high of $146.60.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.48 by $0.54. The business had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.31 EPS. On average, equities research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Dorman Products

A number of large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its stake in shares of Dorman Products by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company’s stock worth $247,000 after purchasing an additional 79 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in Dorman Products by 3.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company’s stock valued at $308,000 after buying an additional 83 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Dorman Products by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock worth $617,000 after acquiring an additional 84 shares during the last quarter. Pitcairn Co. increased its position in Dorman Products by 2.0% during the fourth quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company’s stock worth $582,000 after purchasing an additional 86 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in Dorman Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company’s stock worth $350,000 after purchasing an additional 87 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

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.