Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 215 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 215 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.01, for a total transaction of $25,157.15. Following the completion of the transaction, the director now directly owns 881,298 shares in the company, valued at $103,120,678.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dorman Products Stock Performance

NASDAQ:DORM opened at $114.35 on Thursday. The stock has a market cap of $3.55 billion, a PE ratio of 23.01 and a beta of 0.83. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $119.28. The firm’s fifty day simple moving average is $107.85 and its 200-day simple moving average is $97.46. 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 (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.48. The firm had revenue of $502.95 million for the quarter, compared to analysts’ expectations of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. Analysts expect that Dorman Products, Inc. will post 6.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DORM shares. CJS Securities started coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Roth Mkm reaffirmed a “buy” rating and set a $116.00 price target on shares of Dorman Products in a research note on Friday, June 14th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and a consensus target price of $113.33.

Institutional Investors Weigh In On Dorman Products

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 233 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in Dorman Products in the 1st quarter valued at about $34,000. Quest Partners LLC acquired a new stake in Dorman Products in the 2nd quarter valued at about $37,000. Mather Group LLC. purchased a new position in Dorman Products in the 1st quarter valued at about $48,000. Finally, Rothschild Investment LLC purchased a new position in Dorman Products in the 2nd quarter valued at about $66,000. 84.70% of the stock is owned by institutional investors and hedge funds.

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.