Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 285 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 285 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $123.50, for a total transaction of $35,197.50. Following the transaction, the director now owns 833,527 shares in the company, valued at $102,940,584.50. This trade represents a 0.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dorman Products Price Performance

Shares of DORM stock opened at $123.18 on Tuesday. The stock has a 50 day moving average price of $134.75 and a 200 day moving average price of $116.89. Dorman Products, Inc. has a 52-week low of $79.31 and a 52-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 firm has a market capitalization of $3.76 billion, a P/E ratio of 20.60 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, topping analysts’ consensus estimates of $1.53 by $0.43. The business had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. As a group, sell-side analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a “buy” rating and set a $153.00 price target (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 stock presently has an average rating of “Buy” and a consensus target price of $125.67.

Institutional Investors Weigh In On Dorman Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fiera Capital Corp bought a new position in Dorman Products in the 3rd quarter worth about $25,571,000. State Street Corp boosted its holdings in shares of Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after purchasing an additional 87,780 shares during the period. JPMorgan Chase & Co. grew its stake in Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after purchasing an additional 84,613 shares in the last quarter. Royce & Associates LP increased its holdings in Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after purchasing an additional 78,496 shares during the period. Finally, Jennison Associates LLC increased its holdings in Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after purchasing an additional 55,615 shares during the period. 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.