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Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 3,177 Shares of Stock

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Dorman Products, Inc. (NASDAQ:DORM – Get Rating) Director John J. Gavin sold 3,177 shares of the company in a trade that took place on Thursday, November 10. The stock was sold at an average price of $84.69, for a total value of $269,060.13. Following the sale, the administrator now directly owns 8,051 shares of the company, valued at approximately $681,839.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link.

Dorman products are trading up 0.4%

Dorman Products stock traded down $0.33 on Monday, hitting $85.10. 945 shares were traded, against an average volume of 114,065. The stock has a market capitalization of $2.67 billion, a PE ratio of 19.49 and a beta of 0.55. Dorman Products, Inc. has a 12-month low of $73.32 and a 12-month high of $122.96. The company has a fifty-day moving average price of $84.44 and a two-hundred-day moving average price of $96.20.

Dorman Products (NASDAQ:DORM – Get Rating) last reported results on Monday, October 24. The auto parts company reported earnings per share of $1.17 for the quarter, beating analysts’ consensus estimate of $1.15 by $0.02. Dorman Products had a net margin of 8.45% and a return on equity of 16.43%. The company posted revenue of $413.50 million in the quarter, compared to analyst estimates of $398.47 million. In the same quarter of the previous year, the company achieved EPS of $1.18. The company’s revenue increased 18.7% year over year. Equity analysts expect Dorman Products, Inc. to post EPS of 4.79 for the current fiscal year.

Institutional entries and exits

Institutional investors and hedge funds have recently changed their positions in the stock. Point72 Hong Kong Ltd bought a new position in shares of Dorman Products during Q2 for a value of approximately $26,000. Quadrant Capital Group LLC increased its position in shares of Dorman Products by 71.4% during the first quarter. Quadrant Capital Group LLC now owns 372 shares of the auto parts company worth $35,000 after buying an additional 155 shares in the last quarter. Ellevest Inc. increased its stake in Dorman Products by 13,425.0% in the third quarter. Ellevest Inc. now owns 541 shares of the auto parts company valued at $44,000 after purchasing an additional 537 shares during the period. Bessemer Group Inc. increased its stake in Dorman Products by 103.2% in the third quarter. Bessemer Group Inc. now owns 565 shares of the auto parts company valued at $46,000 after purchasing an additional 287 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Dorman Products by 4,038.5% in the second quarter. First Horizon Advisors Inc. now owns 538 shares of the auto parts company valued at $57,000 after buying an additional 525 shares during the period. Institutional investors hold 76.29% of the company’s shares.

Changes to analyst ratings

Several equity research analysts have recently commented on DORM stocks. Stephens lowered its price target on Dorman products from $94.00 to $87.00 and set an “equal weight” rating on the stock in a Tuesday, October 25 report. MKM Partners cut its price target on Dorman Products shares from $123.00 to $118.00 and set a “buy” rating on the stock in a Tuesday, October 25 research report. Barrington Research cut its price target on Dorman Products shares from $120.00 to $104.00 and set an “outperform” rating on the stock in a Tuesday, October 25 research report. Finally, StockNews.com downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a Wednesday, Nov. 2 research report.

About Dorman Products

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Dorman Products, Inc provides replacement parts and fasteners for passenger cars, light trucks, and medium and heavy trucks to the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fans, tire pressure monitoring sensors, tire recirculation coolers exhaust gases and complex electronic modules; fluid reservoirs, variable valve timing components, complex electronics and integrated door lock actuators; and oil drain plugs, wheel bolts and wheel nuts.

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