Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 179 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 179 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $115.51, for a total transaction of $20,676.29. Following the transaction, the director now directly owns 879,273 shares of the company’s stock, valued at approximately $101,564,824.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dorman Products Trading Up 0.1 %

Dorman Products stock traded up $0.13 during trading hours on Tuesday, reaching $113.25. 21,231 shares of the company’s stock were exchanged, compared to its average volume of 128,271. The firm has a market capitalization of $3.51 billion, a PE ratio of 22.61 and a beta of 0.83. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. The firm’s 50 day simple moving average is $108.58 and its 200 day simple moving average is $97.98. Dorman Products, Inc. has a twelve month low of $60.01 and a twelve month high of $119.28.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Dorman Products

A number of large investors have recently bought and sold shares of DORM. Parallel Advisors LLC lifted its holdings in shares of Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 233 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of Dorman Products during the first quarter worth about $34,000. Quest Partners LLC acquired a new stake in shares of Dorman Products in the 2nd quarter worth about $37,000. Mather Group LLC. bought a new position in Dorman Products in the 1st quarter valued at about $48,000. Finally, Rothschild Investment LLC acquired a new position in Dorman Products during the 2nd quarter valued at about $66,000. 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.