Steven L. Berman Sells 2,486 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,486 shares of Dorman Products stock in a transaction that occurred 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 transaction, the director now owns 828,555 shares in the company, valued at approximately $106,543,887.45. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Dorman Products Trading Down 0.6 %

Shares of NASDAQ:DORM opened at $129.60 on Friday. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month 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. The firm has a market capitalization of $3.96 billion, a P/E ratio of 21.67 and a beta of 0.89. The firm has a fifty day moving average of $133.92 and a two-hundred day moving average of $118.00.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the previous year, the company posted $1.40 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in shares of Dorman Products during the 4th quarter worth $944,000. Sheets Smith Wealth Management increased its position in Dorman Products by 26.7% during the fourth quarter. Sheets Smith Wealth Management now owns 14,953 shares of the auto parts company’s stock worth $1,937,000 after buying an additional 3,150 shares during the last quarter. Ritholtz Wealth Management bought a new position in Dorman Products during the fourth quarter valued at about $465,000. Heritage Family Offices LLP lifted its position in shares of Dorman Products by 4.9% in the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock worth $276,000 after buying an additional 100 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Dorman Products by 44.0% during the 4th quarter. Park Avenue Securities LLC now owns 5,107 shares of the auto parts company’s stock worth $662,000 after acquiring an additional 1,560 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

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.