Dorman Products, Inc. (NASDAQ:DORM) Director Sells $35,197.50 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 285 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the transaction, the director now directly owns 833,527 shares in the company, valued at $102,940,584.50. This trade represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Dorman Products Stock Up 2.1 %

NASDAQ DORM opened at $128.66 on Thursday. The stock has a market cap of $3.93 billion, a PE ratio of 21.52 and a beta of 0.89. The business has a 50 day moving average price of $134.14 and a two-hundred day moving average price of $117.44. Dorman Products, Inc. has a fifty-two week low of $79.31 and a fifty-two week high of $146.60. 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 (NASDAQ:DORM) last released its quarterly 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. The firm 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%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. As a group, sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and set a $153.00 target price (up previously 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, the company currently has a consensus rating of “Buy” and a consensus target price of $125.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DORM. Westside Investment Management Inc. purchased a new position in shares of Dorman Products during the 3rd quarter valued at approximately $29,000. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products in the third quarter worth $31,000. Farther Finance Advisors LLC raised its holdings in Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 273 shares in the last quarter. Covestor Ltd boosted its stake in 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 acquiring an additional 336 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in 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.