Donna M. Long, Senior Vice President and Chief Information Officer at Dorman Products , Inc. (NASDAQ:DORM), recently executed a series of stock transactions involving the company's common stock. On November 15, Long sold 3,277 shares at a price of $134.79 per share, amounting to a total sale value of approximately $441,706.
On the same day, Long also exercised stock options to acquire 3,277 shares at a price of $61.68 per share. This transaction was part of an employee stock option plan, which originally granted Long the option for a total of 4,369 shares, vesting in four equal annual installments beginning on March 2, 2021. Following these transactions, Long's direct ownership in Dorman Products stands at 20,125.8738 shares.
InvestingPro Insights
Dorman Products, Inc. (NASDAQ:DORM) has been experiencing significant market momentum, as evidenced by its strong financial performance and stock price appreciation. According to InvestingPro data, the company's stock has shown impressive returns, with a 88.03% price total return over the past year and a 46.73% return over the last six months. This aligns with the recent insider transaction by Donna M. Long, suggesting confidence in the company's trajectory.
The company's financial health appears robust, with an adjusted P/E ratio of 21.27 for the last twelve months as of Q3 2024, indicating a reasonable valuation relative to its earnings. Additionally, Dorman Products has demonstrated solid profitability, with a gross profit margin of 39.54% and an operating income margin of 17.38% for the same period.
InvestingPro Tips highlight that Dorman Products is trading at a low P/E ratio relative to its near-term earnings growth, which could indicate potential undervaluation. The company also operates with a moderate level of debt, suggesting financial stability. These factors may have contributed to the positive sentiment surrounding the stock and the recent insider activity.
For investors seeking more comprehensive analysis, InvestingPro offers 11 additional tips for Dorman Products, providing a deeper understanding of the company's financial position and market prospects.
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