Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells $3,197,575.04 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the transaction, the director now owns 936,024 shares of the company’s stock, valued at $108,316,697.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Dorman Products Trading Down 2.0 %

DORM stock opened at $115.11 on Friday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 23.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $119.28. The business has a 50 day simple moving average of $106.99 and a two-hundred day simple moving average of $96.92.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.48. The company had revenue of $502.95 million during the quarter, compared to analysts’ expectations of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. Dorman Products’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.01 earnings per share. Research analysts anticipate that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Dorman Products

Several large investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in Dorman Products by 277.4% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock valued at $26,000 after buying an additional 233 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of Dorman Products in the first quarter valued at $34,000. Quest Partners LLC bought a new stake in Dorman Products in the fourth quarter worth $37,000. Mather Group LLC. purchased a new stake in Dorman Products during the first quarter valued at $48,000. Finally, Rothschild Investment LLC purchased a new position in shares of Dorman Products in the 2nd quarter worth $66,000. 84.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

DORM has been the subject of a number of recent analyst reports. CJS Securities began coverage on shares of Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target for the company. Roth Mkm reaffirmed a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a report on Friday, June 14th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $113.33.

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.