Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 8,524 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 8,524 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the transaction, the director now owns 773,094 shares in the company, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dorman Products Trading Up 0.6 %

NASDAQ:DORM traded up $0.73 on Thursday, hitting $133.06. 221,021 shares of the stock were exchanged, compared to its average volume of 191,398. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 22.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a 52 week low of $79.43 and a 52 week high of $146.60. The company’s 50-day moving average price is $133.18 and its 200 day moving average price is $120.32.

Dorman Products (NASDAQ:DORM) last announced 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 firm had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $1.40 earnings per share. On average, equities research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Mkm reissued a “buy” rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $125.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quent Capital LLC bought a new stake in shares of Dorman Products in the 4th quarter valued at about $31,000. Westside Investment Management Inc. acquired a new position in Dorman Products during the third quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new stake in Dorman Products in the third quarter worth $31,000. Farther Finance Advisors LLC increased its position 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 valued at $31,000 after buying an additional 273 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Dorman Products during the 4th quarter worth $42,000. 84.70% of the stock is currently owned by 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.