Steven L. Berman Sells 617 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction on Monday, January 13th. The shares were sold at an average price of $123.23, for a total transaction of $76,032.91. Following the completion of the sale, the director now directly owns 832,910 shares of the company’s stock, valued at approximately $102,639,499.30. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Dorman Products Stock Up 1.3 %

Dorman Products stock opened at $130.37 on Friday. 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, Inc. has a fifty-two week low of $79.31 and a fifty-two week high of $146.60. The firm has a fifty day moving average price of $134.08 and a two-hundred day moving average price of $117.53. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 21.80 and a beta of 0.89.

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, topping 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 company had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. During the same period in the previous year, the business posted $1.40 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “buy” rating and set a $153.00 price target (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 an average rating of “Buy” and a consensus target price of $125.67.

Hedge Funds Weigh In On Dorman Products

Several large investors have recently bought and sold shares of the stock. Westside Investment Management Inc. acquired a new position in shares of Dorman Products during the third quarter valued at about $29,000. Advisors Asset Management Inc. acquired a new stake in shares of Dorman Products during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC raised its stake in shares of Dorman Products by 5,460.0% in the third 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 in the last quarter. Covestor Ltd lifted its position 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 purchasing an additional 336 shares during the period. Finally, Quest Partners LLC acquired a new stake in Dorman Products during the second quarter worth $37,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.