Steven L. Berman Sells 3,542 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 3,542 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $130.82, for a total value of $463,364.44. Following the completion of the transaction, the director now directly owns 819,605 shares in the company, valued at approximately $107,220,726.10. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dorman Products Trading Down 0.2 %

Shares of Dorman Products stock opened at $129.65 on Friday. Dorman Products, Inc. has a twelve month low of $79.43 and a twelve month high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $133.35 and a 200-day moving average price of $118.91. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 21.68 and a beta of 0.89.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 16.95% and a net margin of 9.43%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. Equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated 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 analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and an average price target of $125.67.

Institutional Investors Weigh In On Dorman Products

Several large investors have recently bought and sold shares of the business. Westside Investment Management Inc. purchased a new position in shares of Dorman Products in the 3rd quarter worth $29,000. Advisors Asset Management Inc. bought a new position in shares of Dorman Products in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC grew its position in Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 273 shares in the last quarter. Covestor Ltd increased its stake in Dorman Products by 781.4% during the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Dorman Products by 63.2% during the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 187 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.