Lawson Products (NASDAQ:LAWS) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, BidAskClub reports.
A number of other brokerages have also recently issued reports on LAWS. TheStreet upgraded Lawson Products from a “c+” rating to a “b” rating in a report on Friday, March 1st. Barrington Research set a $37.00 price objective on Lawson Products and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Zacks Investment Research upgraded Lawson Products from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Thursday, March 7th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $36.00.
Shares of NASDAQ:LAWS opened at $38.99 on Tuesday. Lawson Products has a twelve month low of $21.00 and a twelve month high of $38.99. The firm has a market capitalization of $300.46 million, a PE ratio of 49.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.76 and a quick ratio of 0.88.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings results on Thursday, February 28th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.12. The business had revenue of $86.27 million for the quarter, compared to analysts’ expectations of $86.01 million. Lawson Products had a return on equity of 9.19% and a net margin of 2.56%. Equities analysts anticipate that Lawson Products will post 1.73 earnings per share for the current year.
In other news, major shareholder King Luther Capital Management bought 37,707 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were acquired at an average price of $32.00 per share, with a total value of $1,206,624.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 51.90% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Royce & Associates LP raised its position in Lawson Products by 26.6% in the 4th quarter. Royce & Associates LP now owns 68,000 shares of the industrial products company’s stock valued at $2,149,000 after buying an additional 14,299 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Lawson Products by 180.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,856 shares of the industrial products company’s stock valued at $185,000 after buying an additional 3,766 shares during the last quarter. Rhumbline Advisers raised its position in Lawson Products by 38.3% in the 4th quarter. Rhumbline Advisers now owns 10,480 shares of the industrial products company’s stock valued at $331,000 after buying an additional 2,902 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Lawson Products by 30.4% during the 3rd quarter. Renaissance Technologies LLC now owns 53,600 shares of the industrial products company’s stock worth $1,817,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Vanguard Group Inc increased its position in shares of Lawson Products by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 229,154 shares of the industrial products company’s stock worth $7,768,000 after purchasing an additional 2,905 shares during the last quarter. 66.70% 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.
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