Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 130 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 130 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $135.00, for a total value of $17,550.00. Following the completion of the sale, the director now directly owns 864,675 shares of the company’s stock, valued at approximately $116,731,125. The trade was a 0.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Dorman Products Trading Up 0.6 %

NASDAQ DORM traded up $0.79 during trading hours on Friday, hitting $131.15. 126,711 shares of the company’s stock were exchanged, compared to its average volume of 138,134. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 21.93 and a beta of 0.87. The stock has a 50-day simple moving average of $130.67 and a 200 day simple moving average of $112.35. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 1-year low of $79.20 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.43. The company 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%. Dorman Products’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 business posted $1.40 EPS. On average, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Dorman Products

Several institutional investors have recently made changes to their positions in DORM. State Street Corp grew its stake in shares of Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after buying an additional 87,780 shares during the period. Dimensional Fund Advisors LP grew its stake in Dorman Products by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after acquiring an additional 24,811 shares during the period. Royce & Associates LP increased its holdings in shares of Dorman Products by 17.6% during the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after acquiring an additional 78,496 shares in the last quarter. Jennison Associates LLC raised its position in shares of Dorman Products by 13.9% during the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after purchasing an additional 55,615 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Dorman Products by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock worth $39,662,000 after purchasing an additional 3,365 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DORM shares. CJS Securities assumed coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price for the company. Roth Mkm reiterated a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $125.67.

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.