Dorman Products (NASDAQ:DORM) Posts Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Dorman Products (NASDAQ:DORM) announced its quarterly earnings results on Wednesday. The auto parts company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21, Zacks reports. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%.

Dorman Products Stock Down 1.2 %

DORM traded down $1.56 on Wednesday, hitting $124.01. The company had a trading volume of 186,400 shares, compared to its average volume of 169,416. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 20.74 and a beta of 0.88. The stock has a fifty day moving average price of $128.76 and a 200-day moving average price of $123.92. Dorman Products has a 12-month low of $86.61 and a 12-month high of $146.60.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 8,524 shares of Dorman Products stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the completion of the transaction, the director now directly owns 773,094 shares in the company, valued at $101,886,058.26. The trade was a 1.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Mcknight sold 8,185 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares of the company’s stock, valued at approximately $1,240,404.68. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,533 shares of company stock valued at $6,619,683 over the last quarter. 10.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DORM has been the topic of a number of research reports. Roth Mkm reiterated a “buy” rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $125.67.

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.