Barrington Research Reaffirms Outperform Rating for Lawson Products, Inc. (LAWS)
Barrington Research restated their outperform rating on shares of Lawson Products, Inc. (NASDAQ:LAWS) in a report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a $30.00 price target on the industrial products company’s stock, up from their previous price target of $27.00.
Several other brokerages have also weighed in on LAWS. Zacks Investment Research raised Lawson Products from a hold rating to a buy rating and set a $29.00 target price on the stock in a research report on Wednesday, October 18th. TheStreet raised Lawson Products from a c+ rating to a b rating in a research report on Thursday, October 5th. Finally, KeyCorp reaffirmed a hold rating on shares of Lawson Products in a research report on Sunday, September 17th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Lawson Products currently has a consensus rating of Buy and an average target price of $28.50.
Shares of Lawson Products (LAWS) traded up $0.60 during trading on Thursday, hitting $25.35. The company’s stock had a trading volume of 2,200 shares, compared to its average volume of 10,495. The company has a market cap of $219.98, a PE ratio of 275.00, a price-to-earnings-growth ratio of 3.24 and a beta of 1.60. The company has a current ratio of 2.42, a quick ratio of 1.41 and a debt-to-equity ratio of 0.09.
Lawson Products (NASDAQ:LAWS) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $75.65 million during the quarter, compared to analysts’ expectations of $74.16 million. Lawson Products had a return on equity of 1.72% and a net margin of 1.64%. equities research analysts expect that Lawson Products will post 0.51 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of LAWS. Wells Fargo & Company MN raised its position in shares of Lawson Products by 19.0% in the 1st quarter. Wells Fargo & Company MN now owns 6,253 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,000 shares during the period. Bank of New York Mellon Corp raised its position in Lawson Products by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 33,737 shares of the industrial products company’s stock valued at $757,000 after purchasing an additional 350 shares during the period. SG Americas Securities LLC purchased a new position in Lawson Products in the first quarter valued at about $132,000. Geode Capital Management LLC raised its position in Lawson Products by 3.1% in the first quarter. Geode Capital Management LLC now owns 44,508 shares of the industrial products company’s stock valued at $999,000 after purchasing an additional 1,338 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Lawson Products by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 610,321 shares of the industrial products company’s stock valued at $13,702,000 after purchasing an additional 1,892 shares during the period. 64.09% of the stock is currently owned by institutional investors and hedge funds.
About Lawson Products
Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.
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