Steven L. Berman Sells 285 Shares of Dorman Products, Inc. (NASDAQ:DORM) 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 stock was sold at an average price of $123.50, for a total transaction of $35,197.50. Following the transaction, the director now directly owns 833,527 shares of the company’s stock, valued at approximately $102,940,584.50. This 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 traded up $1.43 during mid-day trading on Monday, reaching $123.18. The company had a trading volume of 154,662 shares, compared to its average volume of 160,966. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company has a market capitalization of $3.76 billion, a P/E ratio of 20.60 and a beta of 0.89. Dorman Products, Inc. has a twelve month low of $79.31 and a twelve month high of $146.60. The company’s 50-day moving average is $134.75 and its 200-day moving average is $116.89.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. The business 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 for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS. On average, equities analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Institutional Trading of Dorman Products

Several large investors have recently made changes to their positions in the business. TD Asset Management Inc acquired a new stake in Dorman Products in the 2nd quarter valued at about $467,000. Quest Partners LLC bought a new stake in shares of Dorman Products during the second quarter valued at approximately $37,000. American Century Companies Inc. increased its holdings in shares of Dorman Products by 58.5% in 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. Thoroughbred Financial Services LLC acquired a new stake in shares of Dorman Products in the second quarter valued at approximately $202,000. Finally, Oppenheimer Asset Management Inc. raised its position in Dorman Products by 19.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,695 shares of the auto parts company’s stock worth $887,000 after purchasing an additional 1,556 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $125.67.

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.