Zacks Investment Research upgraded shares of Lawson Products (NASDAQ:LAWS) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. The brokerage currently has $45.00 target price 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 research analysts also recently issued reports about the company. Barrington Research reissued a buy rating and issued a $44.00 price objective on shares of Lawson Products in a research note on Friday, October 11th. BidaskClub downgraded Lawson Products from a buy rating to a hold rating in a research note on Wednesday, September 25th. Finally, ValuEngine downgraded Lawson Products from a buy rating to a hold rating in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $44.50.

NASDAQ:LAWS opened at $42.85 on Wednesday. Lawson Products has a 1-year low of $28.10 and a 1-year high of $43.24. The business’s 50-day moving average price is $38.91 and its two-hundred day moving average price is $36.76. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $385.22 million, a price-to-earnings ratio of 54.24, a PEG ratio of 1.63 and a beta of 1.02.

Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.35). Lawson Products had a return on equity of 11.41% and a net margin of 2.00%. The business had revenue of $96.10 million during the quarter, compared to the consensus estimate of $95.28 million. Sell-side analysts predict that Lawson Products will post 1.51 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. King Luther Capital Management Corp boosted its holdings in Lawson Products by 0.9% in the second quarter. King Luther Capital Management Corp now owns 4,331,908 shares of the industrial products company’s stock worth $159,111,000 after acquiring an additional 37,707 shares in the last quarter. Teton Advisors Inc. increased its holdings in Lawson Products by 0.4% in the second quarter. Teton Advisors Inc. now owns 288,170 shares of the industrial products company’s stock valued at $10,584,000 after buying an additional 1,128 shares in the last quarter. Vanguard Group Inc. increased its holdings in Lawson Products by 6.4% in the second quarter. Vanguard Group Inc. now owns 258,886 shares of the industrial products company’s stock valued at $9,509,000 after buying an additional 15,515 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Lawson Products by 4.6% in the second quarter. Gamco Investors INC. ET AL now owns 183,600 shares of the industrial products company’s stock valued at $6,744,000 after buying an additional 8,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Lawson Products by 61.6% in the second quarter. Renaissance Technologies LLC now owns 87,100 shares of the industrial products company’s stock valued at $3,199,000 after buying an additional 33,211 shares in the last quarter. 85.90% of the stock is currently owned by institutional investors and hedge funds.

About Lawson Products

Lawson Products, Inc distributes products and services to the industrial, commercial, institutional, and government maintenance, repair, and operations marketplace in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. It operates in two segments, Lawson and Bolt. The company's products include fastening systems, fluid power products, specialty chemicals, cutting tools and abrasives, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products.

Read More: What is Compound Annual Growth Rate (CAGR)?

Get a free copy of the Zacks research report on Lawson Products (LAWS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lawson Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lawson Products and related companies with MarketBeat.com's FREE daily email newsletter.