Dorman Products, Inc. (NASDAQ:DORM) Director Sells 27,632 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the transaction, the director now directly owns 936,024 shares in the company, valued at approximately $108,316,697.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dorman Products Price Performance

DORM opened at $115.11 on Friday. The business has a fifty day moving average of $106.99 and a 200 day moving average of $96.92. The stock has a market cap of $3.57 billion, a P/E ratio of 23.16 and a beta of 0.83. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. Dorman Products, Inc. has a 52-week low of $60.01 and a 52-week high of $119.28.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.48. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The firm had revenue of $502.95 million for the quarter, compared to analysts’ expectations of $497.46 million. During the same period in the prior year, the business posted $1.01 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 6.15 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on DORM shares. Roth Mkm reiterated a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a research report on Friday, June 14th. CJS Securities initiated coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $113.33.

Institutional Trading of Dorman Products

Several institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Dorman Products by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 326,932 shares of the auto parts company’s stock worth $27,269,000 after purchasing an additional 14,114 shares during the period. Jump Financial LLC grew its position in shares of Dorman Products by 25.1% during the 4th quarter. Jump Financial LLC now owns 4,200 shares of the auto parts company’s stock worth $350,000 after buying an additional 844 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Dorman Products by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 987,403 shares of the auto parts company’s stock valued at $82,361,000 after acquiring an additional 26,724 shares in the last quarter. Norges Bank purchased a new stake in Dorman Products in the fourth quarter worth about $23,298,000. Finally, Corient Private Wealth LLC grew its holdings in Dorman Products by 3.2% during the 4th quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock worth $486,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

About Dorman Products

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.