Steven L. Berman Sells 2,775 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,775 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $131.22, for a total transaction of $364,135.50. Following the completion of the sale, the director now directly owns 823,147 shares in the company, valued at approximately $108,013,349.34. This represents a 0.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dorman Products Stock Down 0.1 %

NASDAQ:DORM opened at $129.97 on Thursday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 21.73 and a beta of 0.89. 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 twelve month low of $79.43 and a twelve month high of $146.60. The stock’s 50 day moving average price is $133.48 and its two-hundred day moving average price is $118.84.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same period in the prior year, the firm posted $1.40 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and set a $153.00 price target (up 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 MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $125.67.

Hedge Funds Weigh In On Dorman Products

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. acquired a new stake in shares of Dorman Products in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its holdings in Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 273 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Dorman Products during the third quarter worth $31,000. Covestor Ltd increased its holdings in shares of Dorman Products by 781.4% in the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Dorman Products by 63.2% in 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.

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.