Dorman Products, Inc. (NASDAQ:DORM) Director Sells $1,123,377.96 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the sale, the director now owns 773,094 shares of the company’s stock, valued at $101,886,058.26. This trade represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dorman Products Trading Down 1.3 %

Shares of DORM stock opened at $131.28 on Friday. The firm has a 50 day moving average price of $132.94 and a two-hundred day moving average price of $120.65. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $4.01 billion, a PE ratio of 21.95 and a beta of 0.89. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month high of $146.60.

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

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $125.67.

Institutional Investors Weigh In On Dorman Products

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in shares of Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after buying an additional 87,780 shares in the last quarter. Royce & Associates LP raised its position in shares of Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after buying an additional 78,496 shares in the last quarter. Jennison Associates LLC raised its position in shares of Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after buying an additional 55,615 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Dorman Products by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after buying an additional 3,365 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in shares of Dorman Products by 2.3% in the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock valued at $34,372,000 after buying an additional 6,754 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.