Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 2,775 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,775 shares of Dorman Products stock in a transaction on Friday, January 17th. The stock was sold at an average price of $131.22, for a total transaction of $364,135.50. Following the completion of the transaction, the director now directly owns 823,147 shares of the company’s stock, valued at $108,013,349.34. The trade was a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dorman Products Stock Down 0.1 %

Shares of NASDAQ:DORM traded down $0.09 on Wednesday, reaching $129.97. The company had a trading volume of 226,092 shares, compared to its average volume of 182,153. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.97 billion, a PE ratio of 21.73 and a beta of 0.89. Dorman Products, Inc. has a 52-week low of $79.43 and a 52-week high of $146.60. The firm’s 50 day simple moving average is $133.64 and its 200-day simple moving average is $118.76.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. As a group, analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dorman Products

Large investors have recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in shares of Dorman Products in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its holdings in Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after buying an additional 273 shares during the period. Advisors Asset Management Inc. purchased a new position in Dorman Products during the third quarter worth about $31,000. Covestor Ltd increased its position in shares of Dorman Products by 781.4% during the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 187 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price objective (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.com, the company presently has an average rating of “Buy” and a consensus target price 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.