Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 2,486 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) Director Steven L. Berman sold 2,486 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $128.59, for a total value of $319,674.74. Following the transaction, the director now owns 828,555 shares of the company's stock, valued at $106,543,887.45. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dorman Products Trading Down 0.6 %

Shares of NASDAQ:DORM traded down $0.77 during midday trading on Friday, reaching $129.60. The company's stock had a trading volume of 175,983 shares, compared to its average volume of 167,935. Dorman Products, Inc. has a fifty-two week low of $79.43 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 firm has a 50 day moving average price of $134.08 and a two-hundred day moving average price of $117.53. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 21.67 and a beta of 0.89.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 16.95% and a net margin of 9.43%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 EPS. As a group, analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Mkm reissued a "buy" rating and set a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $125.67.

Institutional Investors Weigh In On Dorman Products

A number of large investors have recently bought and sold shares of the stock. Westside Investment Management Inc. bought a new position in shares of Dorman Products during the 3rd quarter worth about $29,000. Farther Finance Advisors LLC raised its stake in 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 worth $31,000 after buying an additional 273 shares during the period. Advisors Asset Management Inc. bought a new position in Dorman Products in the third quarter worth approximately $31,000. Quest Partners LLC bought a new position in Dorman Products in the second quarter worth approximately $37,000. Finally, Covestor Ltd grew its stake in Dorman Products by 781.4% in the third quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock valued at $43,000 after acquiring an additional 336 shares during the period. 84.70% of the stock is currently 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.

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