Lawson Products’ (LAWS) “Buy” Rating Reaffirmed at Barrington Research

Share on StockTwits

Barrington Research restated their buy rating on shares of Lawson Products (NASDAQ:LAWS) in a research report sent to investors on Friday morning, AnalystRatings.com reports. They currently have a $44.00 price target on the industrial products company’s stock.

LAWS has been the subject of several other research reports. ValuEngine cut shares of Lawson Products from a buy rating to a hold rating in a research report on Thursday, August 15th. Zacks Investment Research cut shares of Lawson Products from a buy rating to a hold rating in a research report on Saturday, July 13th. Finally, BidaskClub cut shares of Lawson Products from a buy rating to a hold rating in a research report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $42.50.

Shares of NASDAQ:LAWS opened at $40.46 on Friday. Lawson Products has a one year low of $28.10 and a one year high of $43.23. The company has a 50 day moving average of $38.51 and a 200-day moving average of $36.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.77 and a quick ratio of 0.91. The stock has a market cap of $363.70 million, a price-to-earnings ratio of 51.22, a P/E/G ratio of 1.45 and a beta of 1.02.

Lawson Products (NASDAQ:LAWS) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.14 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 for the quarter, compared to analyst estimates of $95.28 million. Equities research analysts anticipate that Lawson Products will post 1.51 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Punch & Associates Investment Management Inc. grew its holdings in Lawson Products by 7.5% during the first quarter. Punch & Associates Investment Management Inc. now owns 123,504 shares of the industrial products company’s stock valued at $3,873,000 after purchasing an additional 8,569 shares during the period. Navellier & Associates Inc acquired a new position in Lawson Products during the second quarter valued at approximately $219,000. KBC Group NV acquired a new position in Lawson Products during the second quarter valued at approximately $44,000. Cavalier Investments LLC acquired a new position in Lawson Products during the second quarter valued at approximately $219,000. Finally, Hillsdale Investment Management Inc. grew its holdings in Lawson Products by 6,971.4% during the second quarter. Hillsdale Investment Management Inc. now owns 49,500 shares of the industrial products company’s stock valued at $1,818,000 after purchasing an additional 48,800 shares during the period. Institutional investors own 85.90% 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.

Read More: Are we seeing the beginning of a new bubble?

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.