Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 2,633 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 2,633 shares of Dorman Products stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $132.52, for a total value of $348,925.16. Following the completion of the sale, the director now owns 833,812 shares of the company’s stock, valued at $110,496,766.24. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dorman Products Trading Down 0.6 %

NASDAQ DORM traded down $0.86 during mid-day trading on Friday, hitting $132.19. The company’s stock had a trading volume of 95,524 shares, compared to its average volume of 138,709. The firm has a market capitalization of $4.03 billion, a P/E ratio of 22.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a 52-week low of $79.20 and a 52-week high of $146.60. The stock’s fifty day simple moving average is $132.22 and its two-hundred day simple moving average is $113.78.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. During the same period in the prior year, the company earned $1.40 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. Research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities started coverage on Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $125.67.

Institutional Investors Weigh In On Dorman Products

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

Dorman Products Company Profile

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.