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 firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $132.52, for a total value of $348,925.16. Following the completion of the sale, the director now directly owns 833,812 shares of the company’s stock, valued at $110,496,766.24. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Dorman Products Trading Down 0.6 %

Shares of Dorman Products stock opened at $132.19 on Friday. The company has a market capitalization of $4.03 billion, a P/E ratio of 22.11 and a beta of 0.87. The stock has a fifty day simple moving average of $132.53 and a 200 day simple moving average of $114.08. Dorman Products, Inc. has a 12-month low of $79.20 and a 12-month 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.

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, topping the consensus estimate of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. During the same quarter in the prior year, the business posted $1.40 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DORM has been the topic of a number of recent research reports. CJS Securities assumed coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price on the stock. Roth Mkm reiterated 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $125.67.

Institutional Investors Weigh In On Dorman Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new position in shares of Dorman Products in the third quarter valued at approximately $29,000. Advisors Asset Management Inc. purchased a new position in Dorman Products in the third quarter worth $31,000. Farther Finance Advisors LLC grew its stake in Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 273 shares during the period. Covestor Ltd increased its position in shares of Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 336 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Dorman Products during the 2nd quarter worth $37,000. Hedge funds and other 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.