Steven L. Berman Sells 617 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 617 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the sale, the director now owns 832,910 shares of the company’s stock, valued at $102,639,499.30. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dorman Products Stock Up 1.3 %

Shares of DORM opened at $130.37 on Friday. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 21.80 and a beta of 0.89. Dorman Products, Inc. has a 52 week low of $79.31 and a 52 week high of $146.60. 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 business’s fifty day moving average price is $134.08 and its two-hundred day moving average price is $117.53.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. On average, analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Institutional Trading of Dorman Products

Institutional investors and hedge funds have recently made changes to their positions in the business. Ritholtz Wealth Management acquired a new stake in shares of Dorman Products during the fourth quarter worth $465,000. Heritage Family Offices LLP boosted its holdings in Dorman Products by 4.9% during the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock worth $276,000 after buying an additional 100 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Dorman Products by 44.0% during the 4th quarter. Park Avenue Securities LLC now owns 5,107 shares of the auto parts company’s stock worth $662,000 after buying an additional 1,560 shares during the period. Innova Wealth Partners bought a new stake in shares of Dorman Products in the 4th quarter valued at about $238,000. Finally, Nordea Investment Management AB raised its position in shares of Dorman Products by 4.2% in the 4th quarter. Nordea Investment Management AB now owns 95,366 shares of the auto parts company’s stock valued at $12,493,000 after acquiring an additional 3,806 shares during the period. Institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “buy” rating and set a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company 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.