Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 179 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 179 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $115.51, for a total value of $20,676.29. Following the sale, the director now directly owns 879,273 shares of the company’s stock, valued at $101,564,824.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dorman Products Stock Performance

NASDAQ DORM opened at $111.20 on Thursday. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $119.28. The company has a market capitalization of $3.40 billion, a P/E ratio of 22.37 and a beta of 0.83. The business has a 50 day moving average price of $108.82 and a 200 day moving average price of $98.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DORM shares. Roth Mkm reissued a “buy” rating and set a $116.00 target price on shares of Dorman Products in a research note on Friday, June 14th. CJS Securities started coverage on Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 target price for the company. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $113.33.

Hedge Funds Weigh In On Dorman Products

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC increased 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 purchasing an additional 233 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in Dorman Products during the 1st quarter valued at $34,000. Quest Partners LLC acquired a new stake in Dorman Products during the 2nd quarter valued at $37,000. Mather Group LLC. acquired a new stake in Dorman Products during the 1st quarter valued at $48,000. Finally, Rothschild Investment LLC acquired a new stake in Dorman Products during the 2nd quarter valued at $66,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

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.