John Mcknight Sells 2,000 Shares of Dorman Products (NASDAQ:DORM) 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 sale, the insider directly owned 9,112 shares of the company’s stock, valued at approximately $1,173,625.60. This trade represents a 18.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dorman Products Price Performance

Shares of DORM stock traded down $0.09 during trading hours on Monday, hitting $127.92. 153,334 shares of the company’s stock were exchanged, compared to its average volume of 215,377. Dorman Products, Inc. has a fifty-two week low of $106.95 and a fifty-two week high of $166.89. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $135.87 and a two-hundred day moving average of $138.13. The firm has a market cap of $3.91 billion, a P/E ratio of 15.93 and a beta of 0.88.

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

Institutional Trading of Dorman Products

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Dorman Products in a report on Monday, December 8th. BMO Capital Markets initiated coverage on Dorman Products in a research report on Thursday, September 18th. They set an “outperform” rating and a $180.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Dorman Products in a research note on Friday, August 22nd. They set an “overweight” rating and a $175.00 target price on the stock. Wall Street Zen downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Finally, Stephens started coverage on shares of Dorman Products in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $180.50.

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.