Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) Director Steven L. Berman sold 8,485 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the completion of the transaction, the director now directly owns 867,671 shares in the company, valued at $118,723,422.93. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Dorman Products Stock Down 3.2 %
Shares of NASDAQ:DORM opened at $129.89 on Thursday. The firm has a market capitalization of $3.96 billion, a PE ratio of 21.72 and a beta of 0.87. Dorman Products, Inc. has a 1 year low of $79.20 and a 1 year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm's 50-day moving average is $129.89 and its two-hundred day moving average is $112.10.
Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $509.54 million. During the same period in the prior year, the firm earned $1.40 EPS. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. Analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.
Institutional Trading of Dorman Products
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Hedge funds have recently modified their holdings of the stock. Equitable Trust Co. grew its stake in Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company's stock worth $508,000 after purchasing an additional 97 shares in the last quarter. Inspire Advisors LLC grew its position in shares of Dorman Products by 1.3% during the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company's stock worth $794,000 after buying an additional 112 shares in the last quarter. Creative Planning grew its position in shares of Dorman Products by 3.3% during the second quarter. Creative Planning now owns 4,499 shares of the auto parts company's stock worth $412,000 after buying an additional 144 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Dorman Products by 28.3% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company's stock worth $75,000 after buying an additional 146 shares during the period. Finally, Procyon Advisors LLC lifted its stake in Dorman Products by 7.1% in the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company's stock worth $309,000 after acquiring an additional 180 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. CJS Securities initiated coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an "outperform" rating and a $134.00 price target on the stock. Roth Mkm reissued a "buy" rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products currently has a consensus rating of "Buy" and an average price target of $125.67.
Read Our Latest Report on Dorman Products
About Dorman Products
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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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