Lawson Products, Inc. (NASDAQ:LAWS) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $33.00.
Several equities research analysts recently weighed in on LAWS shares. ValuEngine upgraded Lawson Products from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. TheStreet lowered Lawson Products from a “b” rating to a “c” rating in a report on Monday, May 21st. Zacks Investment Research lowered Lawson Products from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Barrington Research restated an “outperform” rating and issued a $35.00 target price on shares of Lawson Products in a report on Tuesday, July 31st. Finally, BidaskClub upgraded Lawson Products from a “sell” rating to a “hold” rating in a report on Sunday, August 5th.
Shares of Lawson Products stock traded down $1.35 during trading on Thursday, hitting $35.35. 11,300 shares of the stock traded hands, compared to its average volume of 12,827. The firm has a market cap of $300.56 million, a price-to-earnings ratio of 69.31, a P/E/G ratio of 1.82 and a beta of 1.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.74 and a quick ratio of 0.89. Lawson Products has a twelve month low of $21.00 and a twelve month high of $36.90.
Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.12. The business had revenue of $90.38 million during the quarter, compared to analyst estimates of $87.01 million. Lawson Products had a return on equity of 7.01% and a net margin of 7.85%. equities research analysts predict that Lawson Products will post 1.1 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL lifted its holdings in Lawson Products by 14.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 202,340 shares of the industrial products company’s stock worth $4,927,000 after purchasing an additional 26,202 shares during the last quarter. Ramsey Quantitative Systems lifted its holdings in Lawson Products by 102.7% in the 2nd quarter. Ramsey Quantitative Systems now owns 8,716 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 4,416 shares during the last quarter. Teton Advisors Inc. lifted its holdings in Lawson Products by 7.5% in the 1st quarter. Teton Advisors Inc. now owns 286,672 shares of the industrial products company’s stock worth $7,238,000 after purchasing an additional 19,958 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Lawson Products by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 575,673 shares of the industrial products company’s stock worth $14,536,000 after buying an additional 4,016 shares during the period. Finally, Cadence Capital Management LLC increased its position in Lawson Products by 12.2% in the 2nd quarter. Cadence Capital Management LLC now owns 98,823 shares of the industrial products company’s stock worth $2,406,000 after buying an additional 10,715 shares during the period. Hedge funds and other institutional investors own 66.18% of the company’s stock.
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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