Steven L. Berman Sells 179 Shares of Dorman Products, Inc. (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) Director Steven L. Berman sold 179 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $115.51, for a total value of $20,676.29. Following the transaction, the director now directly owns 879,273 shares of the company’s stock, valued at $101,564,824.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dorman Products Stock Performance

DORM stock traded up $0.13 during mid-day trading on Tuesday, hitting $113.25. 21,231 shares of the company were exchanged, compared to its average volume of 128,271. The stock has a market capitalization of $3.51 billion, a PE ratio of 22.61 and a beta of 0.83. The business has a 50 day simple moving average of $108.58 and a 200-day simple moving average of $97.98. 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, Inc. has a 1-year low of $60.01 and a 1-year high of $119.28.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.19 by $0.48. The company had revenue of $502.95 million for the quarter, compared to analysts’ expectations of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. During the same period last year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Dorman Products, Inc. will post 6.15 earnings per share for the current year.

Analyst Ratings Changes

DORM has been the subject of a number of recent research reports. CJS Securities initiated coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Roth Mkm reaffirmed a “buy” rating and set a $116.00 price target on shares of Dorman Products in a research report on Friday, June 14th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $113.33.

Institutional Investors Weigh In On Dorman Products

Institutional investors and hedge funds have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky raised its position in Dorman Products by 210.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 28,700 shares of the auto parts company’s stock valued at $2,394,000 after purchasing an additional 19,447 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Dorman Products during the 1st quarter valued at $608,000. Assenagon Asset Management S.A. boosted its holdings in shares of Dorman Products by 5.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock valued at $20,526,000 after acquiring an additional 10,915 shares in the last quarter. PEAK6 Investments LLC grew its position in Dorman Products by 69.7% during the 1st quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock worth $2,978,000 after acquiring an additional 12,691 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Dorman Products by 1,595.0% in the 2nd quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock worth $1,924,000 after purchasing an additional 19,794 shares in the last quarter. Institutional investors 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.