Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) Director Steven L. Berman sold 130 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $135.00, for a total transaction of $17,550.00. Following the transaction, the director now directly owns 864,675 shares of the company's stock, valued at $116,731,125. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Dorman Products Stock Performance
Shares of NASDAQ DORM traded up $1.00 during midday trading on Friday, reaching $131.36. 497,317 shares of the stock were exchanged, compared to its average volume of 139,693. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 21.97 and a beta of 0.87. The firm has a 50-day simple moving average of $130.67 and a two-hundred day simple moving average of $112.35. Dorman Products, Inc. has a twelve month low of $79.20 and a twelve month high of $146.60.
Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.53 by $0.43. The company had revenue of $503.77 million for 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 firm's revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.40 earnings per share. As a group, analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently issued reports on DORM shares. CJS Securities assumed coverage on shares of Dorman Products in a report on Friday, September 13th. They set an "outperform" rating and a $134.00 target price for the company. Roth Mkm reaffirmed a "buy" rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $125.67.
View Our Latest Research Report on DORM
Hedge Funds Weigh In On Dorman Products
Several institutional investors and hedge funds have recently modified their holdings of the business. Westside Investment Management Inc. purchased a new position in Dorman Products during the third quarter worth approximately $29,000. Farther Finance Advisors LLC lifted 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 buying an additional 273 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Dorman Products during the 3rd quarter valued at approximately $31,000. Quest Partners LLC acquired a new stake in Dorman Products in the 2nd quarter valued at $37,000. Finally, Covestor Ltd increased its holdings in 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 acquiring an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.
About Dorman Products
(
Get Free Report)
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.
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