Dorman Products, Inc. (NASDAQ:DORM) Director Sells $1,226,159.74 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 9,238 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 788,688 shares of the company’s stock, valued at $104,682,558.24. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Dorman Products Stock Performance

DORM opened at $133.49 on Wednesday. The firm has a market cap of $4.07 billion, a P/E ratio of 22.32 and a beta of 0.89. Dorman Products, Inc. has a 1-year low of $79.43 and a 1-year high of $146.60. The company has a 50 day simple moving average of $133.24 and a two-hundred day simple moving average of $120.23. 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 released its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping 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 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 firm earned $1.40 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Dorman Products

Hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in Dorman Products by 58.5% during the second quarter. American Century Companies Inc. now owns 12,774 shares of the auto parts company’s stock valued at $1,169,000 after purchasing an additional 4,715 shares in the last quarter. Renaissance Technologies LLC raised its stake in Dorman Products by 24.8% during the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the auto parts company’s stock valued at $2,305,000 after purchasing an additional 5,000 shares in the last quarter. Hsbc Holdings PLC raised its stake in Dorman Products by 15.7% during the second quarter. Hsbc Holdings PLC now owns 4,338 shares of the auto parts company’s stock valued at $396,000 after purchasing an additional 590 shares in the last quarter. Sei Investments Co. raised its stake in Dorman Products by 2.2% during the second quarter. Sei Investments Co. now owns 8,878 shares of the auto parts company’s stock valued at $812,000 after purchasing an additional 190 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Dorman Products during the second quarter valued at $2,807,000. Hedge funds and other 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.