Zacks Investment Research cut shares of Lawson Products (NASDAQ:LAWS) from a buy rating to a hold rating in a report published on Thursday, June 21st.
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. “
LAWS has been the topic of a number of other reports. TheStreet lowered Lawson Products from a b- rating to a c rating in a research report on Thursday, February 22nd. ValuEngine downgraded Lawson Products from a buy rating to a hold rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $27.50.
Lawson Products (NASDAQ:LAWS) last released its earnings results on Thursday, April 19th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The business had revenue of $84.46 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.09 EPS. equities analysts anticipate that Lawson Products will post 0.82 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in shares of Lawson Products by 1,634.9% in the first quarter. The Manufacturers Life Insurance Company now owns 6,072 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 5,722 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in shares of Lawson Products in the fourth quarter worth $420,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Lawson Products by 27.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 18,300 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 3,900 shares during the period. Deutsche Bank AG grew its holdings in Lawson Products by 172.4% during the fourth quarter. Deutsche Bank AG now owns 23,903 shares of the industrial products company’s stock valued at $589,000 after purchasing an additional 15,127 shares during the period. Finally, Millennium Management LLC grew its holdings in Lawson Products by 17.2% during the fourth quarter. Millennium Management LLC now owns 35,111 shares of the industrial products company’s stock valued at $869,000 after purchasing an additional 5,148 shares during the period. Institutional investors and hedge funds own 64.90% 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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