Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 2,486 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,486 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $128.59, for a total transaction of $319,674.74. Following the sale, the director now directly owns 828,555 shares of the company’s stock, valued at $106,543,887.45. This represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Dorman Products Trading Down 0.6 %

NASDAQ DORM opened at $129.60 on Monday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 21.67 and a beta of 0.89. The business has a 50 day simple moving average of $133.92 and a 200 day simple moving average of $118.19. 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 one year low of $79.43 and a one year high of $146.60.

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

Institutional Investors Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently bought and sold shares of DORM. Equitable Trust Co. boosted its position in shares of Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after purchasing an additional 97 shares in the last quarter. Heritage Family Offices LLP boosted its holdings in Dorman Products by 4.9% in the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock worth $276,000 after acquiring an additional 100 shares in the last quarter. Creative Planning grew its stake in 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 acquiring an additional 144 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Dorman Products by 28.3% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock valued at $75,000 after acquiring an additional 146 shares in the last quarter. Finally, Procyon Advisors LLC raised its position in shares of Dorman Products by 7.1% during the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock worth $309,000 after purchasing an additional 180 shares during the period. 84.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a “buy” rating and set 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, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $125.67.

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.