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 stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $130.56, for a total value of $343,764.48. Following the sale, the director now owns 814,339 shares of the company’s stock, valued at approximately $106,320,099.84. The trade was a 0.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dorman Products Trading Up 2.6 %

Shares of NASDAQ DORM opened at $133.02 on Friday. Dorman Products, Inc. has a fifty-two week low of $79.43 and a fifty-two week high of $146.60. The firm has a market capitalization of $4.06 billion, a P/E ratio of 22.24 and a beta of 0.89. The company’s 50 day simple moving average is $133.32 and its 200 day simple moving average is $119.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The business 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 company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. On average, analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and issued a $153.00 price objective (up previously 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 data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $125.67.

Institutional Trading of Dorman Products

Institutional investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after acquiring an additional 87,780 shares during the last quarter. Royce & Associates LP lifted its holdings in Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after acquiring an additional 78,496 shares during the last quarter. Jennison Associates LLC lifted its stake in Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after buying an additional 55,615 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Dorman Products by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after buying an additional 3,365 shares in the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of Dorman Products by 2.3% in the 3rd quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after purchasing an additional 6,754 shares during the last quarter. Hedge funds and other 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.