Steven L. Berman Sells 2,633 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $130.56, for a total transaction of $343,764.48. Following the transaction, the director now owns 814,339 shares of the company’s stock, valued at approximately $106,320,099.84. This represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dorman Products Stock Up 2.6 %

Shares of DORM opened at $133.02 on Friday. The firm has a 50 day simple moving average of $133.32 and a two-hundred day simple moving average of $119.43. The company has a market cap of $4.06 billion, a P/E ratio of 22.24 and a beta of 0.89. Dorman Products, Inc. has a one year low of $79.43 and a one year high of $146.60. 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 (NASDAQ:DORM) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Dorman Products

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. bought a new stake in shares of Dorman Products in the third quarter worth $29,000. Farther Finance Advisors LLC grew its stake 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 purchasing an additional 273 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products in the third quarter worth $31,000. Covestor Ltd grew its stake in shares of Dorman Products by 781.4% in the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Dorman Products by 63.2% during the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 187 shares during the last quarter. Institutional investors 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.