Dorman Products, Inc. (NASDAQ:DORM) Director Sells 2,633 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,633 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $132.52, for a total transaction of $348,925.16. Following the completion of the sale, the director now owns 833,812 shares of the company’s stock, valued at approximately $110,496,766.24. The trade was a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dorman Products Price Performance

Dorman Products stock traded down $0.86 during trading hours on Friday, hitting $132.19. The stock had a trading volume of 95,524 shares, compared to its average volume of 138,709. Dorman Products, Inc. has a 1-year low of $79.20 and a 1-year high of $146.60. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 22.11 and a beta of 0.87. The stock’s fifty day moving average is $132.22 and its two-hundred day moving average is $113.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same period in the prior year, the business earned $1.40 earnings per share. The company’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 fiscal year.

Institutional Trading of Dorman Products

Institutional investors and hedge funds have recently made changes to their positions in the stock. Westside Investment Management Inc. acquired a new position in Dorman Products in the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC raised its position in shares of Dorman Products by 5,460.0% in the third 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 last quarter. Advisors Asset Management Inc. purchased a new position in shares of Dorman Products during the third quarter valued at approximately $31,000. Quest Partners LLC acquired a new stake in Dorman Products during the second quarter worth approximately $37,000. Finally, Covestor Ltd raised its holdings in Dorman Products by 781.4% in the 3rd 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. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DORM. CJS Securities initiated coverage on Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target on the stock. Roth Mkm reiterated a “buy” rating and issued a $153.00 price objective (up previously 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 data from MarketBeat, Dorman Products currently has a consensus rating of “Buy” and an average price target of $125.67.

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.