Lawson Products (NASDAQ:LAWS) was downgraded by research analysts at TheStreet from a “b” rating to a “c” rating in a research report issued on Monday.
A number of other brokerages have also recently commented on LAWS. Zacks Investment Research upgraded shares of Lawson Products from a “sell” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, May 1st. ValuEngine upgraded shares of Lawson Products from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $27.50.
Shares of LAWS stock opened at $23.85 on Monday. The company has a market cap of $218.21 million, a P/E ratio of 46.76, a price-to-earnings-growth ratio of 2.21 and a beta of 1.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.82 and a current ratio of 1.66. Lawson Products has a 12 month low of $18.70 and a 12 month high of $28.00.
Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings results on Thursday, April 19th. The industrial products company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The business had revenue of $84.46 million for the quarter, compared to analysts’ expectations of $84.99 million. Lawson Products had a net margin of 9.52% and a return on equity of 6.07%. During the same quarter in the previous year, the company posted $0.09 earnings per share. research analysts forecast that Lawson Products will post 0.74 EPS for the current year.
In other news, insider Michael G. Decata bought 2,189 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were acquired at an average price of $24.69 per share, with a total value of $54,046.41. Following the acquisition, the insider now owns 20,533 shares of the company’s stock, valued at approximately $506,959.77. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Private Discipline Master Lkcm bought 120,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $3,000,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 248,131 shares of company stock worth $6,076,174 in the last ninety days. 17.50% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Lawson Products by 1,634.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,072 shares of the industrial products company’s stock worth $153,000 after buying an additional 5,722 shares during the last quarter. California Public Employees Retirement System bought a new position in shares of Lawson Products in the 3rd quarter worth $223,000. Acadian Asset Management LLC bought a new position in shares of Lawson Products in the 4th quarter worth $226,000. Chicago Equity Partners LLC bought a new position in shares of Lawson Products in the 4th quarter worth $400,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Lawson Products in the 4th quarter worth $420,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.
Lawson Products Company Profile
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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