Dorman Products (NASDAQ:DORM) Insider Sells $257,600.00 in Stock

Dorman Products, Inc. (NASDAQ:DORM) insider John Mcknight sold 2,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the completion of the sale, the insider owned 9,112 shares in the company, valued at $1,173,625.60. This represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Dorman Products Trading Down 0.3%

Shares of DORM opened at $126.40 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19. Dorman Products, Inc. has a 1-year low of $106.95 and a 1-year high of $166.89. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 15.74 and a beta of 0.88. The firm has a 50 day simple moving average of $134.81 and a 200-day simple moving average of $138.03.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.31. The company had revenue of $543.74 million during the quarter, compared to analysts’ expectations of $548.60 million. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DORM. Liontrust Investment Partners LLP purchased a new stake in Dorman Products during the third quarter valued at about $286,000. CIBC Private Wealth Group LLC lifted its stake in shares of Dorman Products by 77.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 898 shares of the auto parts company’s stock valued at $140,000 after purchasing an additional 393 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Dorman Products during the 3rd quarter worth about $459,000. Coldstream Capital Management Inc. grew its holdings in shares of Dorman Products by 3.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock worth $420,000 after purchasing an additional 97 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in Dorman Products by 0.7% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 23,406 shares of the auto parts company’s stock worth $3,544,000 after purchasing an additional 165 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DORM shares. BMO Capital Markets initiated coverage on shares of Dorman Products in a research report on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price objective for the company. Wells Fargo & Company started coverage on Dorman Products in a report on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price target for the company. Roth Capital raised their price objective on Dorman Products to $182.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dorman Products in a research report on Monday. Finally, Stephens began coverage on Dorman Products in a research report on Tuesday, September 30th. They set an “overweight” rating and a $185.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dorman Products currently has a consensus rating of “Buy” and an average price target of $180.50.

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.