Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 2,486 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,486 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $128.59, for a total value of $319,674.74. Following the sale, the director now owns 828,555 shares in the company, valued at $106,543,887.45. The trade was a 0.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dorman Products Stock Performance

Shares of DORM stock opened at $129.60 on Friday. The company has a market cap of $3.96 billion, a P/E ratio of 21.67 and a beta of 0.89. The business has a 50 day moving average of $133.92 and a two-hundred day moving average of $117.81. Dorman Products, Inc. has a 52 week low of $79.43 and a 52 week high of $146.60. 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 released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 16.95% and a net margin of 9.43%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.40 EPS. As a group, analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Institutional Trading of Dorman Products

Several hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of Dorman Products during the fourth quarter valued at approximately $944,000. Sheets Smith Wealth Management raised its stake in Dorman Products by 26.7% during the 4th quarter. Sheets Smith Wealth Management now owns 14,953 shares of the auto parts company’s stock valued at $1,937,000 after acquiring an additional 3,150 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Dorman Products during the 4th quarter worth $465,000. Heritage Family Offices LLP grew its stake in shares of Dorman Products by 4.9% in the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock worth $276,000 after purchasing an additional 100 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of Dorman Products by 44.0% during the fourth quarter. Park Avenue Securities LLC now owns 5,107 shares of the auto parts company’s stock valued at $662,000 after purchasing an additional 1,560 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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 note on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.