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

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 9,238 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the completion of the transaction, the director now directly owns 788,688 shares in the company, valued at $104,682,558.24. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Dorman Products Trading Up 1.0 %

Shares of NASDAQ DORM traded up $1.32 during trading on Tuesday, reaching $133.49. The stock had a trading volume of 195,651 shares, compared to its average volume of 192,297. The business’s 50-day moving average price is $133.28 and its 200-day moving average price is $119.95. Dorman Products, Inc. has a fifty-two week low of $79.43 and a fifty-two week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The company has a market cap of $4.07 billion, a P/E ratio of 22.32 and a beta of 0.89.

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

Institutional Investors Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently made changes to their positions in DORM. Westside Investment Management Inc. purchased a new position in shares of Dorman Products in the 3rd quarter valued at $29,000. Farther Finance Advisors LLC boosted its stake in 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 valued at $31,000 after acquiring an additional 273 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Dorman Products in the third quarter valued at $31,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Dorman Products during the fourth quarter worth about $42,000. Finally, Covestor Ltd increased its position in shares of Dorman Products by 781.4% during 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 in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price target (up 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, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $125.67.

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.