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

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 transaction, the director now owns 773,094 shares of the company’s stock, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $131.28 on Friday. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 21.95 and a beta of 0.89. The business has a 50-day moving average of $132.94 and a 200-day moving average of $120.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a fifty-two week low of $79.43 and a fifty-two week high of $146.60.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating 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 return on equity of 16.95% and a net margin of 9.43%. Dorman Products’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. As a group, sell-side analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dorman Products

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in Dorman Products by 24.8% during the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the auto parts company’s stock worth $2,305,000 after purchasing an additional 5,000 shares during the period. Hsbc Holdings PLC grew its holdings in Dorman Products by 15.7% during the second quarter. Hsbc Holdings PLC now owns 4,338 shares of the auto parts company’s stock worth $396,000 after purchasing an additional 590 shares during the period. Sei Investments Co. grew its holdings in Dorman Products by 2.2% during the second quarter. Sei Investments Co. now owns 8,878 shares of the auto parts company’s stock worth $812,000 after purchasing an additional 190 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Dorman Products by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,836 shares of the auto parts company’s stock worth $1,357,000 after purchasing an additional 514 shares during the period. Finally, Creative Planning grew its holdings in Dorman Products by 3.3% during the second 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. Institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “buy” rating and set a $153.00 target price (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, According to data from MarketBeat, the stock presently has an average 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.