Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman Sells 2,633 Shares

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) Director Steven L. Berman sold 2,633 shares of the business's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $132.52, for a total transaction of $348,925.16. Following the completion of the transaction, the director now owns 833,812 shares in the company, valued at approximately $110,496,766.24. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dorman Products Trading Down 0.6 %

Dorman Products stock traded down $0.86 during trading hours on Friday, reaching $132.19. 95,524 shares of the company's stock traded hands, compared to its average volume of 138,709. Dorman Products, Inc. has a fifty-two week low of $79.20 and a fifty-two week high of $146.60. The firm's 50 day moving average is $132.22 and its 200-day moving average is $113.78. 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 firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 22.11 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 EPS. On average, analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

DORM has been the subject of a number of research analyst reports. Roth Mkm reaffirmed 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 initiated coverage on shares of Dorman Products in a research report on Friday, September 13th. They set 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, the stock has a consensus rating of "Buy" and a consensus target price of $125.67.

Institutional Investors Weigh In On Dorman Products

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock valued at $15,084,000 after buying an additional 84,613 shares during the period. Tidal Investments LLC lifted its stake in Dorman Products by 5.0% in the 3rd quarter. Tidal Investments LLC now owns 4,918 shares of the auto parts company's stock valued at $556,000 after acquiring an additional 234 shares in the last quarter. Westside Investment Management Inc. acquired a new position in Dorman Products during the 3rd quarter worth approximately $29,000. Coldstream Capital Management Inc. bought a new position in shares of Dorman Products during the 3rd quarter worth approximately $263,000. Finally, M&T Bank Corp raised its holdings in shares of Dorman Products by 22.1% in the third quarter. M&T Bank Corp now owns 31,300 shares of the auto parts company's stock valued at $3,541,000 after purchasing an additional 5,662 shares during the last quarter. Institutional investors own 84.70% of the company's stock.

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.