Lawson Products, Inc. (NASDAQ:LAWS) Cut to Hold at Zacks Investment Research

Lawson Products, Inc. (NASDAQ:LAWS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, November 7th.

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. “

A number of other equities research analysts have also issued reports on LAWS. TheStreet upgraded Lawson Products from a “c+” rating to a “b” rating in a research note on Thursday, October 5th. Barrington Research reiterated an “outperform” rating and issued a $30.00 target price (up previously from $27.00) on shares of Lawson Products in a research note on Thursday, November 2nd. Finally, KeyCorp reissued a “hold” rating on shares of Lawson Products in a report on Sunday, September 17th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.50.

Lawson Products (NASDAQ:LAWS) opened at $24.65 on Tuesday. Lawson Products has a 12-month low of $18.70 and a 12-month high of $28.10. The firm has a market capitalization of $219.09, a PE ratio of 273.89, a P/E/G ratio of 3.22 and a beta of 1.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 2.42.

Lawson Products (NASDAQ:LAWS) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). The business had revenue of $75.65 million for the quarter, compared to analysts’ expectations of $74.16 million. Lawson Products had a return on equity of 1.72% and a net margin of 1.64%. analysts predict that Lawson Products will post 0.51 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the business. King Luther Capital Management Corp lifted its holdings in Lawson Products by 0.7% during the 2nd quarter. King Luther Capital Management Corp now owns 2,225,414 shares of the industrial products company’s stock worth $49,293,000 after buying an additional 14,710 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lawson Products by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 610,321 shares of the industrial products company’s stock worth $13,702,000 after purchasing an additional 1,892 shares during the last quarter. Teton Advisors Inc. lifted its holdings in shares of Lawson Products by 0.8% in the 2nd quarter. Teton Advisors Inc. now owns 266,714 shares of the industrial products company’s stock worth $5,908,000 after purchasing an additional 2,000 shares during the last quarter. Granahan Investment Management Inc. MA lifted its holdings in shares of Lawson Products by 9.1% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 234,153 shares of the industrial products company’s stock worth $5,901,000 after purchasing an additional 19,509 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Lawson Products by 2.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 217,800 shares of the industrial products company’s stock worth $4,824,000 after purchasing an additional 5,000 shares during the last quarter. 64.41% of the stock is currently owned by institutional investors.

About Lawson Products

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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