Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 617 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $123.23, for a total value of $76,032.91. Following the completion of the transaction, the director now directly owns 832,910 shares in the company, valued at $102,639,499.30. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $128.66 on Thursday. The business has a 50 day moving average of $134.14 and a 200 day moving average of $117.44. Dorman Products, Inc. has a 52 week low of $79.31 and a 52 week high of $146.60. The company has a market cap of $3.93 billion, a PE ratio of 21.52 and a beta of 0.89. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DORM. Westside Investment Management Inc. purchased a new stake in Dorman Products in the third quarter worth $29,000. Farther Finance Advisors LLC increased its stake in shares of 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 worth $31,000 after acquiring an additional 273 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Dorman Products during the third quarter worth about $31,000. Quest Partners LLC purchased a new stake in Dorman Products in the second quarter worth about $37,000. Finally, Covestor Ltd increased its stake 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 purchasing an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $153.00 target price (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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price 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.