Dorman Products, Inc. (DORM) Director Paul R. Lederer Sells 1,800 Shares
Dorman Products, Inc. (NASDAQ:DORM) Director Paul R. Lederer sold 1,800 shares of Dorman Products stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $74.82, for a total transaction of $134,676.00. Following the sale, the director now directly owns 16,961 shares in the company, valued at $1,269,022.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Dorman Products, Inc. (DORM) traded down 8.65% during midday trading on Tuesday, reaching $68.96. 311,164 shares of the company traded hands. The stock’s 50 day moving average is $76.84 and its 200 day moving average is $78.65. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 20.96 and a beta of 0.61. Dorman Products, Inc. has a one year low of $60.00 and a one year high of $88.50.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by $0.01. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The business had revenue of $229.26 million for the quarter, compared to the consensus estimate of $225.91 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that Dorman Products, Inc. will post $3.45 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. FTB Advisors Inc. boosted its position in shares of Dorman Products by 7.7% in the first quarter. FTB Advisors Inc. now owns 1,260 shares of the auto parts company’s stock worth $104,000 after buying an additional 90 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Dorman Products by 3.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock worth $115,000 after buying an additional 41 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Dorman Products during the second quarter worth approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dorman Products by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock worth $119,000 after buying an additional 118 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Dorman Products by 10.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock worth $120,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Monday, July 10th. FBR & Co reiterated a “mkt perform” rating and set a $74.50 target price on shares of Dorman Products in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 target price (up from $78.00) on shares of Dorman Products in a research report on Wednesday, May 3rd. Finally, B. Riley reiterated a “neutral” rating and set a $74.50 target price on shares of Dorman Products in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $81.25.
Dorman Products Company Profile
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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