Dorman Products, Inc. (NASDAQ:DORM) Director Sells $1,226,159.74 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the sale, the director now owns 788,688 shares in the company, valued at $104,682,558.24. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Dorman Products Trading Up 0.6 %

NASDAQ:DORM opened at $133.06 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a 1 year low of $79.43 and a 1 year high of $146.60. The stock has a market cap of $4.06 billion, a P/E ratio of 22.25 and a beta of 0.89. The stock has a 50-day simple moving average of $133.11 and a 200-day simple moving average of $120.40.

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

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “buy” rating and set a $153.00 price target (up previously 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, Dorman Products has a consensus rating of “Buy” and an average price target of $125.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Westside Investment Management Inc. purchased a new stake in Dorman Products in the third quarter valued at $29,000. Farther Finance Advisors LLC boosted its position in shares of 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. Advisors Asset Management Inc. purchased a new position in Dorman Products during the 3rd quarter worth approximately $31,000. Quent Capital LLC acquired a new position in Dorman Products during the fourth quarter worth approximately $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Dorman Products in the fourth quarter valued at approximately $42,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

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.