Brokerages Set $30.00 Target Price for Lawson Products, Inc. (LAWS)

Shares of Lawson Products, Inc. (NASDAQ:LAWS) have received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokers have set a 1 year consensus target price of $30.00 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also given Lawson Products an industry rank of 86 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Lawson Products from a “sell” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, January 23rd. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target (up from $27.00) on shares of Lawson Products in a research note on Thursday, November 2nd.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Lawson Products by 6.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 900 shares in the last quarter. Algert Global LLC raised its stake in shares of Lawson Products by 15.7% in the 4th quarter. Algert Global LLC now owns 19,634 shares of the industrial products company’s stock valued at $486,000 after acquiring an additional 2,670 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lawson Products by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 37,553 shares of the industrial products company’s stock valued at $831,000 after acquiring an additional 3,816 shares in the last quarter. Millennium Management LLC raised its stake in shares of Lawson Products by 17.2% in the 4th quarter. Millennium Management LLC now owns 35,111 shares of the industrial products company’s stock valued at $869,000 after acquiring an additional 5,148 shares in the last quarter. Finally, Cadence Capital Management LLC raised its stake in shares of Lawson Products by 7.8% in the 4th quarter. Cadence Capital Management LLC now owns 72,860 shares of the industrial products company’s stock valued at $1,803,000 after acquiring an additional 5,257 shares in the last quarter. 64.68% of the stock is owned by institutional investors.

Shares of Lawson Products (NASDAQ LAWS) opened at $23.10 on Friday. Lawson Products has a one year low of $18.70 and a one year high of $28.10. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 2.42. The firm has a market capitalization of $200.54, a PE ratio of 45.29, a PEG ratio of 1.34 and a beta of 1.46.

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Lawson Products Company Profile

Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.

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