Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) Director Steven L. Berman sold 179 shares of the business's stock in a transaction on 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 owns 879,273 shares of the company's stock, valued at approximately $101,564,824.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Dorman Products Stock Down 0.2 %
DORM opened at $112.93 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40. The company has a market capitalization of $3.50 billion, a PE ratio of 22.72 and a beta of 0.83. The stock's fifty day moving average is $108.58 and its 200-day moving average is $97.98. Dorman Products, Inc. has a one year low of $60.01 and a one year 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 earnings per share 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 revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. On average, equities analysts predict that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.
Institutional Inflows and Outflows
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Several hedge funds have recently added to or reduced their stakes in DORM. Parallel Advisors LLC grew its holdings in shares of Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company's stock worth $26,000 after acquiring an additional 233 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in shares of Dorman Products in the 1st quarter valued at $34,000. Quest Partners LLC purchased a new position in Dorman Products in the 2nd quarter worth about $37,000. Mather Group LLC. purchased a new position in Dorman Products in the 1st quarter worth about $48,000. Finally, Rothschild Investment LLC acquired a new stake in Dorman Products during the 2nd quarter worth about $66,000. Institutional investors and hedge funds own 84.70% of the company's stock.
Analyst Ratings Changes
DORM has been the subject of several research analyst reports. Roth Mkm reaffirmed a "buy" rating and issued a $116.00 price objective on shares of Dorman Products in a report on Friday, June 14th. CJS Securities assumed 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 on the stock. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $113.33.
Read Our Latest Research Report on DORM
Dorman Products Company Profile
(
Get Free Report)
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.
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