Dorman Products, Inc. (NASDAQ:DORM) Director Sells $348,925.16 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,633 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $132.52, for a total value of $348,925.16. Following the completion of the transaction, the director now directly owns 833,812 shares in the company, valued at $110,496,766.24. This represents a 0.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $132.19 on Monday. The company’s fifty day moving average is $132.53 and its two-hundred day moving average is $114.24. The company has a market cap of $4.03 billion, a P/E ratio of 22.11 and a beta of 0.87. Dorman Products, Inc. has a 12-month low of $79.20 and a 12-month high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating 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 firm had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same period in the previous year, the firm earned $1.40 earnings per share. Dorman Products’s quarterly revenue was up 3.2% on a year-over-year basis. Equities analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Institutional Trading of Dorman Products

Several institutional investors have recently made changes to their positions in DORM. Fiera Capital Corp acquired a new position in Dorman Products in the 3rd quarter valued at approximately $25,571,000. State Street Corp boosted its stake in shares of Dorman Products by 8.6% during the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after buying an additional 87,780 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Dorman Products by 173.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after acquiring an additional 84,613 shares in the last quarter. Royce & Associates LP increased its stake in shares of Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after acquiring an additional 78,496 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Dorman Products by 13.9% during the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after acquiring an additional 55,615 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DORM has been the topic of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $153.00 target price (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities began coverage on Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products currently has an average 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.