Lawson Products, Inc. (LAWS) Rating Increased to B at TheStreet
Lawson Products, Inc. (NASDAQ:LAWS) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a report released on Thursday.
Other research analysts have also issued research reports about the company. KeyCorp reissued a “hold” rating on shares of Lawson Products in a research report on Sunday, September 17th. Zacks Investment Research lowered Lawson Products from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $26.00.
Shares of Lawson Products (LAWS) traded up 0.39% during midday trading on Thursday, reaching $25.70. The company’s stock had a trading volume of 10,910 shares. The stock has a 50-day moving average price of $24.13 and a 200-day moving average price of $22.15. The stock has a market cap of $228.06 million, a price-to-earnings ratio of 43.27 and a beta of 1.58. Lawson Products has a 52-week low of $16.69 and a 52-week high of $28.10.
Lawson Products (NASDAQ:LAWS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.10. Lawson Products had a return on equity of 2.54% and a net margin of 1.85%. The firm had revenue of $75.01 million during the quarter, compared to analyst estimates of $72.41 million. Equities research analysts anticipate that Lawson Products will post $0.54 earnings per share for the current fiscal year.
In related news, EVP Neil E. Jenkins sold 5,662 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $22.48, for a total transaction of $127,281.76. Following the completion of the transaction, the executive vice president now owns 12,607 shares of the company’s stock, valued at approximately $283,405.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 18.20% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Lord Abbett & CO. LLC increased its position in Lawson Products by 22.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 187,158 shares of the industrial products company’s stock valued at $4,146,000 after buying an additional 33,986 shares in the last quarter. Daruma Capital Management LLC increased its position in Lawson Products by 29.6% during the 2nd quarter. Daruma Capital Management LLC now owns 68,655 shares of the industrial products company’s stock valued at $1,521,000 after buying an additional 15,672 shares in the last quarter. State Street Corp increased its position in Lawson Products by 12.1% during the 2nd quarter. State Street Corp now owns 81,043 shares of the industrial products company’s stock valued at $1,795,000 after buying an additional 8,776 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in Lawson Products by 22.2% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 110,000 shares of the industrial products company’s stock valued at $2,437,000 after buying an additional 20,000 shares in the last quarter. Finally, Northern Trust Corp increased its position in Lawson Products by 10.1% during the 2nd quarter. Northern Trust Corp now owns 75,770 shares of the industrial products company’s stock valued at $1,678,000 after buying an additional 6,968 shares in the last quarter. 64.21% of the stock is owned by institutional investors.
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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