Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 9,238 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $132.73, for a total value of $1,226,159.74. Following the sale, the director now owns 788,688 shares of the company’s stock, valued at $104,682,558.24. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Dorman Products Stock Performance

DORM opened at $133.06 on Friday. The stock’s 50 day simple moving average is $133.11 and its 200 day simple moving average is $120.40. The stock has a market cap of $4.06 billion, a P/E ratio of 22.25 and a beta of 0.89. Dorman Products, Inc. has a 1-year low of $79.43 and a 1-year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $1.40 earnings per share. As a group, equities analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “buy” rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dorman Products presently has an average rating of “Buy” and an average target price of $125.67.

Hedge Funds Weigh In On Dorman Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DORM. Intech Investment Management LLC acquired a new position in shares of Dorman Products during the 3rd quarter worth approximately $2,014,000. HighTower Advisors LLC grew its holdings in shares of Dorman Products by 431.9% during the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock worth $1,563,000 after buying an additional 11,246 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Dorman Products by 41.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock valued at $1,548,000 after buying an additional 3,993 shares during the last quarter. Barclays PLC grew its stake in Dorman Products by 380.7% in the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock worth $5,298,000 after acquiring an additional 37,098 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Dorman Products by 173.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after purchasing an additional 84,613 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.