Steven L. Berman Sells 215 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 215 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.01, for a total transaction of $25,157.15. Following the sale, the director now owns 881,298 shares in the company, valued at $103,120,678.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dorman Products Price Performance

Dorman Products stock traded up $0.20 during mid-day trading on Tuesday, reaching $115.18. The company had a trading volume of 69,085 shares, compared to its average volume of 128,801. The business has a fifty day simple moving average of $107.36 and a 200 day simple moving average of $97.16. The company has a market cap of $3.57 billion, a P/E ratio of 23.32 and a beta of 0.83. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $119.28. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.48. The business had revenue of $502.95 million for the quarter, compared to analyst estimates of $497.46 million. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. Dorman Products’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. On average, equities research analysts predict that Dorman Products, Inc. will post 6.15 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Dorman Products

Several institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Dorman Products during the fourth quarter worth approximately $23,298,000. Jennison Associates LLC raised its holdings in Dorman Products by 73.1% during the first quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock worth $27,316,000 after buying an additional 119,707 shares during the last quarter. Nordea Investment Management AB bought a new position in shares of Dorman Products in the first quarter valued at $10,907,000. Vanguard Group Inc. grew its holdings in shares of Dorman Products by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after buying an additional 41,849 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of Dorman Products by 404.4% during the second quarter. Algert Global LLC now owns 39,149 shares of the auto parts company’s stock worth $3,581,000 after acquiring an additional 31,387 shares in the last quarter. 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.