Dorman Products, Inc. (NASDAQ:DORM) Director Sells $17,550.00 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 130 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $135.00, for a total transaction of $17,550.00. Following the sale, the director now directly owns 864,675 shares of the company’s stock, valued at approximately $116,731,125. This trade represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dorman Products Trading Up 0.8 %

Shares of DORM opened at $131.36 on Monday. Dorman Products, Inc. has a fifty-two week low of $79.20 and a fifty-two week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The company’s fifty day moving average is $131.02 and its 200 day moving average is $112.93. The stock has a market capitalization of $4.01 billion, a PE ratio of 21.97 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dorman Products

Several institutional investors have recently modified their holdings of the stock. Tributary Capital Management LLC raised its holdings in Dorman Products by 0.6% during the 2nd quarter. Tributary Capital Management LLC now owns 206,380 shares of the auto parts company’s stock valued at $18,880,000 after buying an additional 1,149 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Dorman Products by 24.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,330 shares of the auto parts company’s stock valued at $579,000 after acquiring an additional 1,231 shares during the period. Rothschild Investment LLC bought a new stake in shares of Dorman Products in the 2nd quarter worth about $66,000. Natixis Advisors LLC boosted its stake in shares of Dorman Products by 1.7% during the 2nd quarter. Natixis Advisors LLC now owns 24,433 shares of the auto parts company’s stock worth $2,235,000 after purchasing an additional 416 shares during the period. Finally, Versor Investments LP bought a new position in Dorman Products during the 2nd quarter valued at about $256,000. 84.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DORM has been the topic of a number of research reports. Roth Mkm reiterated a “buy” rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Dorman Products has an average rating of “Buy” and a consensus price target 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.