Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 9,238 Shares

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $132.73, for a total value of $1,226,159.74. Following the completion of the sale, the director now directly owns 788,688 shares of the company’s stock, valued at $104,682,558.24. The trade was a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dorman Products Stock Performance

Dorman Products stock traded up $1.32 during mid-day trading on Tuesday, hitting $133.49. 195,651 shares of the company’s stock traded hands, compared to its average volume of 192,297. 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, Inc. has a one year low of $79.43 and a one year high of $146.60. The firm has a 50 day moving average price of $133.28 and a 200 day moving average price of $119.95. The company has a market cap of $4.07 billion, a PE ratio of 22.32 and a beta of 0.89.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million during 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%. Dorman Products’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. On average, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “buy” rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $125.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DORM. Westside Investment Management Inc. acquired a new position in Dorman Products in the 3rd quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its position in shares of 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 worth $31,000 after buying an additional 273 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Dorman Products in the third quarter worth $31,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Dorman Products during the fourth quarter valued at $42,000. Finally, Covestor Ltd raised its position in Dorman Products by 781.4% during the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after buying an additional 336 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.