Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 130 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 130 shares of Dorman Products stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $135.00, for a total value of $17,550.00. Following the sale, the director now directly owns 864,675 shares of the company’s stock, valued at approximately $116,731,125. The trade was a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dorman Products Stock Up 0.8 %

DORM stock opened at $131.36 on Friday. The company has a market cap of $4.01 billion, a PE ratio of 21.97 and a beta of 0.87. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 52 week low of $79.20 and a 52 week high of $146.60. The business has a 50-day simple moving average of $130.67 and a 200 day simple moving average of $112.35.

Dorman Products (NASDAQ:DORM) last issued its quarterly 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 company had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 EPS. Sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Roth Mkm reissued a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities assumed coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price on the stock. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $125.67.

Institutional Investors Weigh In On Dorman Products

A number of large investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new stake in shares of Dorman Products during the 3rd quarter worth $2,014,000. Oppenheimer Asset Management Inc. raised its stake in Dorman Products by 41.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after acquiring an additional 3,993 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Dorman Products by 26.7% in the third quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company’s stock worth $3,944,000 after acquiring an additional 7,349 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Dorman Products in the 2nd quarter valued at approximately $2,807,000. Finally, HighTower Advisors LLC increased its position in Dorman Products by 431.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock worth $1,563,000 after purchasing an additional 11,246 shares in the last quarter. Institutional investors and hedge funds 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.