Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 2,775 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,775 shares of Dorman Products stock in a transaction on Friday, January 17th. The stock was sold at an average price of $131.22, for a total value of $364,135.50. Following the sale, the director now directly owns 823,147 shares of the company’s stock, valued at approximately $108,013,349.34. This trade represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dorman Products Price Performance

Shares of DORM stock opened at $129.97 on Thursday. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month high of $146.60. The firm has a fifty day moving average of $133.48 and a 200-day moving average of $118.84. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 21.73 and a beta of 0.89.

Dorman Products (NASDAQ:DORM) last posted its earnings results 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 analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share. On average, equities research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

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 research report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dorman Products has a consensus rating of “Buy” and an average target price of $125.67.

Institutional Trading of Dorman Products

A number of large investors have recently bought and sold shares of the business. Equitable Trust Co. boosted its holdings in shares of Dorman Products by 2.2% in the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock valued at $508,000 after buying an additional 97 shares during the period. Heritage Family Offices LLP lifted its position in Dorman Products by 4.9% in the 4th quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock valued at $276,000 after acquiring an additional 100 shares in the last quarter. Creative Planning boosted its stake in Dorman Products by 3.3% in the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock worth $412,000 after purchasing an additional 144 shares during the period. First Horizon Advisors Inc. increased its holdings in Dorman Products by 28.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock worth $75,000 after purchasing an additional 146 shares in the last quarter. Finally, Procyon Advisors LLC raised its stake in shares of Dorman Products by 7.1% in the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock valued at $309,000 after purchasing an additional 180 shares during the period. 84.70% of the stock is owned by institutional investors.

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.