Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 130 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 130 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $135.00, for a total value of $17,550.00. Following the completion of the transaction, the director now directly owns 864,675 shares in the company, valued at $116,731,125. This trade represents a 0.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $131.36 on Monday. 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 stock’s fifty day moving average price is $131.02 and its 200-day moving average price is $112.93. The firm has a market cap of $4.01 billion, a P/E ratio of 21.97 and a beta of 0.87. Dorman Products, Inc. has a 12 month low of $79.20 and a 12 month high of $146.60.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. CJS Securities started coverage on shares of Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target on the stock. Roth Mkm reaffirmed a “buy” rating and set a $153.00 target price (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, Dorman Products presently has a consensus rating of “Buy” and an average target price of $125.67.

Hedge Funds Weigh In On Dorman Products

A number of large investors have recently bought and sold shares of DORM. Tidal Investments LLC boosted its position in Dorman Products by 5.0% during the 3rd quarter. Tidal Investments LLC now owns 4,918 shares of the auto parts company’s stock valued at $556,000 after acquiring an additional 234 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Dorman Products during the 3rd quarter worth $29,000. Coldstream Capital Management Inc. bought a new stake in Dorman Products during the third quarter valued at about $263,000. M&T Bank Corp grew its stake in Dorman Products by 22.1% in the third quarter. M&T Bank Corp now owns 31,300 shares of the auto parts company’s stock valued at $3,541,000 after purchasing an additional 5,662 shares during the last quarter. Finally, Barclays PLC raised its holdings in Dorman Products by 380.7% in the third quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock worth $5,298,000 after purchasing an additional 37,098 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

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.