Insider Selling: Dorman Products, Inc. (NASDAQ:DORM) Director Sells 16,071 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 16,071 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,873,075.05. Following the sale, the director now directly owns 888,656 shares in the company, valued at $103,572,856.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Dorman Products Price Performance

Dorman Products stock traded down $2.39 during midday trading on Friday, reaching $115.11. The company had a trading volume of 650,624 shares, compared to its average volume of 128,999. The company has a market capitalization of $3.52 billion, a P/E ratio of 23.16 and a beta of 0.83. Dorman Products, Inc. has a 12-month low of $60.01 and a 12-month high of $119.28. The firm’s fifty day simple moving average is $106.55 and its 200-day simple moving average is $96.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.48. The company had revenue of $502.95 million during the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. Dorman Products’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. As a group, equities analysts anticipate that Dorman Products, Inc. will post 6.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DORM shares. CJS Securities assumed coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 target price on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a research note on Friday, June 14th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $113.33.

Institutional Trading of Dorman Products

Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in shares of Dorman Products by 277.4% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after buying an additional 233 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Dorman Products during the 1st quarter worth approximately $34,000. Quest Partners LLC acquired a new stake in shares of Dorman Products during the 2nd quarter worth approximately $37,000. Mather Group LLC. acquired a new stake in shares of Dorman Products during the 1st quarter worth approximately $48,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Dorman Products during the 2nd quarter worth approximately $66,000. Institutional investors and hedge funds 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.