Dorman Products, Inc. (NASDAQ:DORM) Director Sells $319,674.74 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,486 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $128.59, for a total transaction of $319,674.74. Following the completion of the sale, the director now owns 828,555 shares in the company, valued at $106,543,887.45. This represents a 0.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dorman Products Stock Down 0.6 %

Shares of DORM traded down $0.77 during trading hours on Friday, reaching $129.60. 175,983 shares of the stock traded hands, compared to its average volume of 167,935. Dorman Products, Inc. has a 52 week low of $79.43 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 stock has a fifty day simple moving average of $134.08 and a 200 day simple moving average of $117.53. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 21.67 and a beta of 0.89.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.40 EPS. On average, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $125.67.

Hedge Funds Weigh In On Dorman Products

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DORM. Fiera Capital Corp purchased a new position in Dorman Products during the third quarter valued at approximately $25,571,000. State Street Corp boosted its stake in shares of Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after purchasing an additional 87,780 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after buying an additional 84,613 shares during the last quarter. Royce & Associates LP increased its stake in Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after purchasing an additional 78,496 shares during the period. Finally, Jennison Associates LLC raised its holdings in Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after buying an additional 55,615 shares during 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.