Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 2,633 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,633 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $130.56, for a total transaction of $343,764.48. Following the sale, the director now owns 814,339 shares of the company’s stock, valued at $106,320,099.84. The trade was a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Dorman Products Price Performance

DORM stock opened at $133.02 on Monday. The firm has a 50-day moving average of $133.32 and a two-hundred day moving average of $119.65. The firm has a market capitalization of $4.06 billion, a PE ratio of 22.24 and a beta of 0.89. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a one year low of $79.43 and a one year high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating 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 business had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Hedge Funds Weigh In On Dorman Products

Several institutional investors and hedge funds have recently bought and sold shares of the business. Westside Investment Management Inc. purchased a new stake in shares of Dorman Products in the third quarter worth approximately $29,000. Advisors Asset Management Inc. acquired a new position in Dorman Products in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its position in Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares in the last quarter. Covestor Ltd boosted its stake in shares of Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after buying an additional 336 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other 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 from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $125.67.

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.