Steven L. Berman Sells 2,669 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,669 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $112.57, for a total transaction of $300,449.33. Following the transaction, the director now directly owns 876,156 shares in the company, valued at approximately $98,628,880.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Dorman Products Trading Up 0.8 %

DORM opened at $116.90 on Wednesday. The company’s 50 day moving average is $110.99 and its 200-day moving average is $99.39. 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 has a market cap of $3.63 billion, a P/E ratio of 23.52 and a beta of 0.82.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $497.46 million. During the same period last year, the company posted $1.01 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Dorman Products, Inc. will post 6.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, CJS Securities began coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective on the stock. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products has a consensus rating of “Buy” and a consensus price target of $113.33.

Institutional Investors Weigh In On Dorman Products

A number of hedge funds have recently made changes to their positions in DORM. Quest Partners LLC acquired a new stake in shares of Dorman Products in the 2nd quarter valued at approximately $37,000. Mather Group LLC. bought a new position in Dorman Products in the 1st quarter valued at approximately $48,000. GAMMA Investing LLC raised its holdings in Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after buying an additional 187 shares during the last quarter. USA Financial Formulas bought a new position in Dorman Products in the 3rd quarter valued at approximately $58,000. Finally, Rothschild Investment LLC bought a new position in Dorman Products in the 2nd quarter valued at approximately $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.