Jeffery Darby, Senior Vice President of Sales and Marketing at Dorman Products , Inc. (NASDAQ:DORM), recently sold shares of the company's stock amounting to $784,559. The transactions, which took place on November 22, involved the sale of 5,608 shares at an average price of $139.90 per share.
Prior to these sales, Darby exercised stock options to acquire 4,422 shares at a price of $61.86 per share, resulting in a transaction value of $273,544. Following these transactions, Darby holds 16,285 shares of Dorman Products.
Dorman Products, based in Colmar, Pennsylvania, is a leading supplier of automotive replacement parts, automotive hardware, and brake products.
InvestingPro Insights
Jeffery Darby's recent stock sale comes at a time when Dorman Products (NASDAQ:DORM) is experiencing significant market momentum. According to InvestingPro data, the company's stock has shown remarkable performance, with a 91.16% price total return over the past year and a 51.58% return in the last six months. This strong performance aligns with an InvestingPro Tip indicating that DORM is trading near its 52-week high, currently at 96.66% of that peak.
The company's financial health appears robust, with a market capitalization of $4.28 billion and a P/E ratio of 23.56. An InvestingPro Tip suggests that DORM is trading at a low P/E ratio relative to its near-term earnings growth, which could indicate potential value for investors. Additionally, the company's revenue for the last twelve months stands at $1.97 billion, with a modest growth of 1.7%.
It's worth noting that while Darby's stock sale is significant, Dorman Products continues to show strong financial indicators. The company's EBITDA growth of 39.72% in the last twelve months and an operating income margin of 17.38% suggest solid operational performance. For investors seeking more comprehensive analysis, InvestingPro offers 12 additional tips for DORM, providing a deeper understanding of the company's market position and potential.
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