Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 2,633 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $130.56, for a total transaction of $343,764.48. Following the sale, the director now directly owns 814,339 shares in the company, valued at approximately $106,320,099.84. This trade represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dorman Products Stock Performance

Shares of DORM opened at $133.02 on Friday. The company has a market capitalization of $4.06 billion, a PE ratio of 22.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The company’s 50 day moving average price is $133.32 and its 200 day moving average price is $119.21. Dorman Products, Inc. has a 52 week low of $79.43 and a 52 week high of $146.60.

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

Institutional Investors Weigh In On Dorman Products

Several large investors have recently made changes to their positions in DORM. State Street Corp grew its position in Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after acquiring an additional 87,780 shares in the last quarter. Royce & Associates LP boosted its holdings in Dorman Products by 17.6% in the third 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 in the last quarter. Jennison Associates LLC increased its position in Dorman Products by 13.9% during the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after buying an additional 55,615 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Dorman Products by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after buying an additional 3,365 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in shares of Dorman Products by 2.3% in the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after buying an additional 6,754 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm reissued 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 analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $125.67.

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.