Dorman Products, Inc. (NASDAQ:DORM) Director Sells $1,873,075.05 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 16,071 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,873,075.05. Following the sale, the director now directly owns 888,656 shares of the company’s stock, valued at approximately $103,572,856.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dorman Products Stock Down 2.0 %

Shares of DORM stock opened at $115.11 on Monday. The firm’s fifty day moving average price is $106.99 and its two-hundred day moving average price is $97.00. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $119.28. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $3.57 billion, a P/E ratio of 23.16 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.48. The business had revenue of $502.95 million for the quarter, compared to analyst estimates of $497.46 million. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. Dorman Products’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 earnings per share. On average, equities analysts predict that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DORM shares. Roth Mkm reiterated a “buy” rating and set a $116.00 target price on shares of Dorman Products in a report on Friday, June 14th. CJS Securities assumed coverage on Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective for the company. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $113.33.

Hedge Funds Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Inspire Advisors LLC raised its position in Dorman Products by 1.3% during the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock worth $794,000 after acquiring an additional 112 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Dorman Products by 0.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company’s stock worth $1,317,000 after purchasing an additional 114 shares during the last quarter. Creative Planning raised its holdings in shares of Dorman Products by 3.3% in the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after purchasing an additional 144 shares during the period. Park Avenue Securities LLC lifted its stake in Dorman Products by 4.6% in the 1st quarter. Park Avenue Securities LLC now owns 3,508 shares of the auto parts company’s stock valued at $338,000 after purchasing an additional 155 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Dorman Products by 3.2% during the fourth quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock worth $486,000 after purchasing an additional 181 shares during the period. 84.70% of the stock is owned by institutional investors.

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.