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Dorman Products (NASDAQ:DORM – Get Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Dorman Products to post earnings of $1.99 per share and revenue of $523.95 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Dorman Products Stock Performance
Shares of DORM opened at $123.77 on Monday. Dorman Products has a 52-week low of $80.67 and a 52-week high of $146.60. The stock’s 50-day simple moving average is $129.21 and its 200 day simple moving average is $123.66. 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 20.70 and a beta of 0.88.
Insider Activity
In other news, Director Steven L. Berman sold 2,633 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $132.52, for a total value of $348,925.16. Following the completion of the transaction, the director now directly owns 833,812 shares in the company, valued at approximately $110,496,766.24. This represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Mcknight sold 8,185 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the transaction, the insider now owns 8,902 shares in the company, valued at $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,533 shares of company stock worth $6,619,683. 10.00% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on DORM. StockNews.com downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Roth Mkm reiterated a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $125.67.
Read Our Latest Analysis on DORM
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.
Further Reading
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