Zacks Investment Research upgraded shares of Lawson Products, Inc. (NASDAQ:LAWS) from a hold rating to a buy rating in a research note published on Wednesday, October 18th. They currently have $29.00 price target on the industrial products company’s stock.
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 also recently weighed in on LAWS. KeyCorp reiterated a hold rating on shares of Lawson Products in a report on Sunday, September 17th. TheStreet upgraded Lawson Products from a c+ rating to a b rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $28.50.
Lawson Products (LAWS) traded up $0.60 during mid-day trading on Wednesday, reaching $25.35. The company’s stock had a trading volume of 4,092 shares, compared to its average volume of 10,495. 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 company has a market capitalization of $219.98, a PE ratio of 275.00, a P/E/G ratio of 3.24 and a beta of 1.60.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Lawson Products had a return on equity of 1.72% and a net margin of 1.64%. The business had revenue of $75.65 million for the quarter, compared to analysts’ expectations of $74.16 million. research analysts anticipate that Lawson Products will post 0.51 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Lawson Products in the 1st quarter valued at approximately $132,000. King Luther Capital Management Corp grew its stake 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. Wells Fargo & Company MN grew its stake in Lawson Products by 19.0% during the 1st quarter. Wells Fargo & Company MN now owns 6,253 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,000 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in Lawson Products by 2.3% during 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 buying an additional 5,000 shares during the last quarter. Finally, Daruma Capital Management LLC grew its stake in Lawson Products by 29.6% during the 2nd quarter. Daruma Capital Management LLC now owns 68,655 shares of the industrial products company’s stock worth $1,521,000 after buying an additional 15,672 shares during the last quarter. Institutional investors and hedge funds own 64.09% of the company’s stock.
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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