Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 8,524 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 8,524 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the sale, the director now owns 773,094 shares of the company’s stock, valued at $101,886,058.26. This trade represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dorman Products Stock Up 0.6 %

DORM stock opened at $133.06 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock has a market capitalization of $4.06 billion, a P/E ratio of 22.25 and a beta of 0.89. Dorman Products, Inc. has a fifty-two week low of $79.43 and a fifty-two week high of $146.60. The business has a 50-day moving average of $133.11 and a 200-day moving average of $120.40.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. acquired a new position in shares of Dorman Products during the 3rd quarter worth about $29,000. Farther Finance Advisors LLC raised its holdings in Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 273 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Dorman Products during the third quarter valued at approximately $31,000. Quent Capital LLC bought a new position in Dorman Products in the fourth quarter valued at approximately $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Dorman Products during the 4th quarter worth approximately $42,000. Institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

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