Dorman Products, Inc. (NASDAQ:DORM) Director Sells $20,676.29 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 179 shares of Dorman Products stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $115.51, for a total value of $20,676.29. Following the transaction, the director now owns 879,273 shares in the company, valued at $101,564,824.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $108.64 on Friday. The stock’s 50-day simple moving average is $109.09 and its 200-day simple moving average is $98.23. Dorman Products, Inc. has a 52 week low of $60.01 and a 52 week high of $119.28. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 21.86 and a beta of 0.83. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Dorman Products

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Dorman Products by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after acquiring an additional 41,849 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $94,136,000 after buying an additional 24,811 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Dorman Products by 73.1% in the first quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock worth $27,316,000 after buying an additional 119,707 shares in the last quarter. Summit Creek Advisors LLC lifted its position in shares of Dorman Products by 0.6% in the first quarter. Summit Creek Advisors LLC now owns 227,303 shares of the auto parts company’s stock worth $21,910,000 after buying an additional 1,400 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Dorman Products by 5.1% in the second quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after buying an additional 10,915 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other 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.