Dorman Products, Inc. (NASDAQ:DORM) Director Sells $154,462.55 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 1,331 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $116.05, for a total transaction of $154,462.55. Following the transaction, the director now owns 879,967 shares in the company, valued at $102,120,170.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $113.58 on Friday. The business’s 50 day moving average is $108.34 and its 200-day moving average is $97.77. The firm has a market cap of $3.47 billion, a P/E ratio of 22.85 and a beta of 0.83. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $119.28. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.48. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The company had revenue of $502.95 million during the quarter, compared to analysts’ expectations of $497.46 million. During the same quarter in the previous year, the business posted $1.01 earnings per share. Dorman Products’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Dorman Products, Inc. will post 6.15 earnings per share for the current year.

Analyst Ratings Changes

DORM has been the subject of a number of research analyst reports. CJS Securities initiated coverage on Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Roth Mkm reiterated a “buy” rating and set a $116.00 target price on shares of Dorman Products in a research note on Friday, June 14th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $113.33.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Dorman Products in the 2nd quarter valued at $2,807,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Dorman Products in the second quarter valued at about $205,000. Creative Planning boosted its stake in Dorman Products by 3.3% in the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after buying an additional 144 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Dorman Products by 404.4% in the second quarter. Algert Global LLC now owns 39,149 shares of the auto parts company’s stock worth $3,581,000 after acquiring an additional 31,387 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Dorman Products by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,836 shares of the auto parts company’s stock valued at $1,357,000 after purchasing an additional 514 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

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.