Dorman Products Inc. (NASDAQ:DORM) SVP Jeffery Darby sold 1,624 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $83.31, for a total transaction of $135,295.44. Following the sale, the senior vice president now directly owns 16,229 shares in the company, valued at approximately $1,352,037.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Jeffery Darby also recently made the following trade(s):
- On Friday, June 5th, Jeffery Darby sold 1,376 shares of Dorman Products stock. The stock was sold at an average price of $76.94, for a total transaction of $105,869.44.
Shares of NASDAQ DORM opened at $81.75 on Friday. Dorman Products Inc. has a 12-month low of $44.49 and a 12-month high of $84.22. The company has a market capitalization of $2.65 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 2.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.89. The firm’s 50-day moving average is $68.67 and its two-hundred day moving average is $66.36.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Wednesday, July 29th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. Dorman Products had a net margin of 7.67% and a return on equity of 9.57%. The company had revenue of $233.20 million for the quarter, compared to the consensus estimate of $201.07 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts forecast that Dorman Products Inc. will post 2.47 EPS for the current fiscal year.
A number of analysts recently commented on the stock. BidaskClub raised shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday. Stephens boosted their price objective on shares of Dorman Products from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Zacks Investment Research downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Monday, June 29th. Finally, ValuEngine downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $57.50.
Several institutional investors and hedge funds have recently made changes to their positions in DORM. Norges Bank purchased a new position in shares of Dorman Products during the fourth quarter valued at approximately $10,689,000. Boston Trust Walden Corp lifted its stake in shares of Dorman Products by 18.6% during the first quarter. Boston Trust Walden Corp now owns 393,633 shares of the auto parts company’s stock valued at $21,756,000 after buying an additional 61,598 shares during the period. State Street Corp lifted its stake in shares of Dorman Products by 6.5% during the first quarter. State Street Corp now owns 885,914 shares of the auto parts company’s stock valued at $48,964,000 after buying an additional 53,944 shares during the period. Aviva PLC lifted its stake in shares of Dorman Products by 163.1% during the first quarter. Aviva PLC now owns 69,178 shares of the auto parts company’s stock valued at $3,823,000 after buying an additional 42,886 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Dorman Products by 8.6% during the first quarter. Invesco Ltd. now owns 315,192 shares of the auto parts company’s stock valued at $17,420,000 after buying an additional 24,929 shares during the period. 78.36% of the stock is currently owned by institutional investors and hedge funds.
About Dorman Products
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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