Dorman Products, Inc. (NASDAQ:DORM) Director Sells $76,032.91 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 617 shares of the firm’s 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 transaction, the director now owns 832,910 shares in the company, valued at approximately $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dorman Products Trading Up 2.1 %

NASDAQ DORM traded up $2.68 on Wednesday, hitting $128.66. The company’s stock had a trading volume of 189,657 shares, compared to its average volume of 155,935. Dorman Products, Inc. has a 52-week low of $79.31 and a 52-week high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The company’s 50-day simple moving average is $134.30 and its 200 day simple moving average is $117.36. The firm has a market cap of $3.93 billion, a P/E ratio of 21.52 and a beta of 0.89.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The company had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. Research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in shares of Dorman Products in the 3rd quarter worth $29,000. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products in the 3rd quarter worth $31,000. Farther Finance Advisors LLC increased its holdings 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 purchasing an additional 273 shares in the last quarter. Covestor Ltd increased its holdings in shares of Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 336 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Dorman Products in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “buy” rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.