Lawson Products, Inc. (LAWS) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Lawson Products, Inc. (NASDAQ:LAWS) from a hold rating to a buy rating in a research note issued to investors on Wednesday. Zacks Investment Research currently has $27.00 price objective on the industrial products company’s stock.
According to Zacks, “Lawson Products, Inc. is a distributor of expendable maintenance, repair & replacement products. It also distributes production components to the O.E.M. marketplace. These products may be divided into 3 broad categories: Fasteners, Fittings & Related Parts, such as screws, nuts, & other fasteners; Industrial Supplies, such as hoses, lubricants, adhesives & other chemicals, as well as files, drills, & other shop supplies; & Automotive & Equipment Maintenance Parts, such as primary wiring, connectors & other electrical supplies, exhaust & other automotive parts. “
Other equities research analysts also recently issued reports about the stock. KeyCorp reiterated a hold rating on shares of Lawson Products in a research report on Sunday, September 17th. TheStreet upgraded shares of Lawson Products from a c+ rating to a b rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $28.50.
Shares of Lawson Products (LAWS) opened at $24.75 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 2.42. The stock has a market capitalization of $219.98, a P/E ratio of 275.00, a P/E/G ratio of 3.06 and a beta of 1.60.
Lawson Products (NASDAQ:LAWS) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). Lawson Products had a return on equity of 1.72% and a net margin of 1.64%. The business had revenue of $75.65 million for the quarter, compared to analyst estimates of $74.16 million. equities research analysts expect that Lawson Products will post 0.51 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Lawson Products in the 1st quarter worth approximately $132,000. King Luther Capital Management Corp lifted its position in shares of Lawson Products by 0.7% in the 2nd quarter. King Luther Capital Management Corp now owns 2,225,414 shares of the industrial products company’s stock worth $49,293,000 after purchasing an additional 14,710 shares during the period. Wells Fargo & Company MN lifted 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 purchasing an additional 1,000 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Lawson Products by 2.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 217,800 shares of the industrial products company’s stock worth $4,824,000 after purchasing an additional 5,000 shares during the period. Finally, Daruma Capital Management LLC lifted its position in shares of Lawson Products by 29.6% in the 2nd quarter. Daruma Capital Management LLC now owns 68,655 shares of the industrial products company’s stock worth $1,521,000 after purchasing an additional 15,672 shares during the period. Hedge funds and other institutional investors own 64.17% of the company’s stock.
Lawson Products Company Profile
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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