Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells $343,764.48 in Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,633 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $130.56, for a total value of $343,764.48. Following the completion of the sale, the director now directly owns 814,339 shares in the company, valued at approximately $106,320,099.84. This trade represents a 0.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $133.02 on Monday. The firm’s 50 day moving average is $133.32 and its two-hundred day moving average is $119.65. The firm has a market capitalization of $4.06 billion, a P/E ratio of 22.24 and a beta of 0.89. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 52 week low of $79.43 and a 52 week high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The business 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 company’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. Analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $125.67.

Institutional Trading of Dorman Products

A number of institutional investors have recently made changes to their positions in the stock. Westside Investment Management Inc. acquired a new position in shares of Dorman Products during the third quarter valued at approximately $29,000. Advisors Asset Management Inc. bought a new position in Dorman Products during the 3rd quarter valued at $31,000. Farther Finance Advisors LLC increased its position in shares of Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 273 shares during the period. Covestor Ltd raised its stake in shares of Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after buying an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Dorman Products by 63.2% in the third 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 period. 84.70% of the stock is owned by institutional investors and hedge funds.

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.