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 firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $130.82, for a total transaction of $463,364.44. Following the completion of the sale, the director now owns 819,605 shares of the company’s stock, valued at $107,220,726.10. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dorman Products Stock Performance

DORM stock opened at $129.65 on Friday. 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, 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’s fifty day simple moving average is $133.35 and its two-hundred day simple moving average is $118.91.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data 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 company had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. Analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and issued a $153.00 price objective (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, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $125.67.

Institutional Trading of Dorman Products

Large investors have recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in Dorman Products during the 3rd quarter valued at $29,000. Farther Finance Advisors LLC increased its stake in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after buying an additional 273 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products in the third quarter valued at about $31,000. Covestor Ltd lifted its stake in Dorman Products by 781.4% in 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 period. Finally, GAMMA Investing LLC grew its holdings in Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $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.

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.