Steven L. Berman Sells 8,524 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 8,524 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the sale, the director now owns 773,094 shares in the company, valued at $101,886,058.26. This represents a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Dorman Products Trading Up 0.6 %

Shares of NASDAQ:DORM opened at $133.06 on Friday. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month high of $146.60. The business has a 50 day moving average of $133.11 and a 200-day moving average of $120.40. 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 stock has a market cap of $4.06 billion, a PE ratio of 22.25 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 (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same period in the previous year, the company posted $1.40 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Dorman Products

A number of hedge funds and other institutional investors have recently modified their holdings of DORM. Renaissance Technologies LLC raised its stake in Dorman Products by 24.8% in the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the auto parts company’s stock worth $2,305,000 after purchasing an additional 5,000 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Dorman Products by 15.7% during the second quarter. Hsbc Holdings PLC now owns 4,338 shares of the auto parts company’s stock worth $396,000 after purchasing an additional 590 shares during the period. Sei Investments Co. increased its holdings in shares of Dorman Products by 2.2% during the second quarter. Sei Investments Co. now owns 8,878 shares of the auto parts company’s stock worth $812,000 after purchasing an additional 190 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Dorman Products by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,836 shares of the auto parts company’s stock valued at $1,357,000 after buying an additional 514 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Dorman Products by 3.3% in the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds 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.