Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 16,071 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 16,071 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,873,075.05. Following the sale, the director now owns 888,656 shares of the company’s stock, valued at approximately $103,572,856.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dorman Products Trading Down 2.0 %

Dorman Products stock traded down $2.39 during trading on Friday, hitting $115.11. The company had a trading volume of 650,624 shares, compared to its average volume of 128,999. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $119.28. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38. The company’s 50 day simple moving average is $106.55 and its 200-day simple moving average is $96.75. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 23.16 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.19 by $0.48. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The company had revenue of $502.95 million during the quarter, compared to analysts’ expectations of $497.46 million. During the same quarter last year, the company posted $1.01 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts expect that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DORM. CJS Securities began coverage on shares of Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price for the company. Roth Mkm reiterated a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a report on Friday, June 14th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $113.33.

Hedge Funds Weigh In On Dorman Products

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock valued at $26,000 after buying an additional 233 shares during the period. YHB Investment Advisors Inc. purchased a new position in Dorman Products in the 1st quarter valued at approximately $34,000. Quest Partners LLC purchased a new position in Dorman Products in the 2nd quarter valued at approximately $37,000. Mather Group LLC. purchased a new position in Dorman Products in the 1st quarter valued at approximately $48,000. Finally, Rothschild Investment LLC purchased a new position in Dorman Products in the 2nd quarter valued at approximately $66,000. 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.