Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 2,486 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,486 shares of Dorman Products stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $128.59, for a total transaction of $319,674.74. Following the completion of the transaction, the director now owns 828,555 shares in the company, valued at $106,543,887.45. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Dorman Products Price Performance

NASDAQ:DORM opened at $129.60 on Friday. 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 one year low of $79.43 and a one year high of $146.60. The company has a fifty day moving average price of $133.92 and a 200 day moving average price of $118.00. The stock has a market cap of $3.96 billion, a P/E ratio of 21.67 and a beta of 0.89.

Dorman Products (NASDAQ:DORM) last released its earnings results 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. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. During the same quarter last year, the company earned $1.40 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Dorman Products

Institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in Dorman Products during the third quarter worth $29,000. Farther Finance Advisors LLC lifted its holdings in shares of Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 273 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Dorman Products during the 3rd quarter valued at about $31,000. Quest Partners LLC bought a new position in Dorman Products during the second quarter worth about $37,000. Finally, Covestor Ltd boosted its holdings 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 purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds 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.