Steven L. Berman Sells 2,669 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) Director Steven L. Berman sold 2,669 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $112.57, for a total transaction of $300,449.33. Following the completion of the sale, the director now directly owns 876,156 shares in the company, valued at approximately $98,628,880.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Dorman Products Price Performance

Shares of DORM stock traded up $0.94 during trading on Tuesday, hitting $116.90. The company had a trading volume of 183,453 shares, compared to its average volume of 129,010. The stock's 50-day moving average is $110.99 and its two-hundred day moving average is $99.39. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 23.52 and a beta of 0.82. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. Dorman Products, Inc. has a 52 week low of $60.01 and a 52 week high of $119.28.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.48. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The firm had revenue of $502.95 million for the quarter, compared to analyst estimates of $497.46 million. During the same quarter in the prior year, the firm earned $1.01 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts predict that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, CJS Securities began coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an "outperform" rating and a $134.00 price target for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $113.33.

Hedge Funds Weigh In On Dorman Products

Several institutional investors have recently modified their holdings of the company. Inspire Advisors LLC grew its holdings in Dorman Products by 1.3% in the 2nd quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company's stock worth $794,000 after acquiring an additional 112 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Dorman Products by 0.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company's stock worth $1,317,000 after purchasing an additional 114 shares in the last quarter. Creative Planning boosted its position in shares of Dorman Products by 3.3% in the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company's stock worth $412,000 after purchasing an additional 144 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Dorman Products by 4.6% in the first quarter. Park Avenue Securities LLC now owns 3,508 shares of the auto parts company's stock worth $338,000 after acquiring an additional 155 shares in the last quarter. Finally, Procyon Advisors LLC raised its holdings in Dorman Products by 7.1% in the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company's stock worth $309,000 after buying an additional 180 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

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.