Lawson Products Inc. (NASDAQ:LAWS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday.

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. “

Separately, Barrington Research downgraded Lawson Products from an “outperform” rating to a “market perform” rating in a report on Friday, July 22nd.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/lawson-products-inc-laws-upgraded-at-zacks-investment-research.html

Shares of Lawson Products (NASDAQ:LAWS) traded up 0.47% during mid-day trading on Wednesday, reaching $17.27. 6,189 shares of the company traded hands. Lawson Products has a 52 week low of $15.23 and a 52 week high of $29.64. The firm’s market capitalization is $151.91 million. The firm has a 50-day moving average price of $16.96 and a 200 day moving average price of $18.87.

Lawson Products (NASDAQ:LAWS) last posted its earnings results on Thursday, July 21st. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.12. The firm earned $69.30 million during the quarter, compared to analyst estimates of $71.18 million. Lawson Products had a negative net margin of 0.03% and a positive return on equity of 0.10%. On average, analysts anticipate that Lawson Products will post $0.08 earnings per share for the current year.

In other Lawson Products news, EVP Neil E. Jenkins sold 1,900 shares of Lawson Products stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $17.28, for a total transaction of $32,832.00. Following the sale, the executive vice president now directly owns 11,814 shares in the company, valued at approximately $204,145.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Private Discipline Master Lkcm acquired 31,450 shares of the company’s stock in a transaction on Friday, July 29th. The shares were acquired at an average price of $16.60 per share, for a total transaction of $522,070.00. The disclosure for this purchase can be found here. Company insiders own 21.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL raised its position in Lawson Products by 4.1% in the second quarter. Gamco Investors INC. ET AL now owns 214,525 shares of the company’s stock worth $4,260,000 after buying an additional 8,425 shares in the last quarter. Vanguard Group Inc. raised its position in Lawson Products by 0.4% in the second quarter. Vanguard Group Inc. now owns 211,079 shares of the company’s stock worth $4,192,000 after buying an additional 921 shares in the last quarter. BlackRock Fund Advisors raised its position in Lawson Products by 7.5% in the second quarter. BlackRock Fund Advisors now owns 164,281 shares of the company’s stock worth $3,263,000 after buying an additional 11,510 shares in the last quarter. Gabelli Funds LLC raised its position in Lawson Products by 4.3% in the second quarter. Gabelli Funds LLC now owns 94,955 shares of the company’s stock worth $1,886,000 after buying an additional 3,955 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in Lawson Products by 14.9% in the second quarter. Punch & Associates Investment Management Inc. now owns 91,000 shares of the company’s stock worth $1,807,000 after buying an additional 11,800 shares in the last quarter. Institutional investors own 62.92% of the company’s stock.

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.

5 Day Chart for NASDAQ:LAWS

Get a free copy of the Zacks research report on Lawson Products (LAWS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lawson Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lawson Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.