Lawson Products, Inc. (LAWS) Given Average Recommendation of “Buy” by Brokerages
Shares of Lawson Products, Inc. (NASDAQ:LAWS) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Lawson Products’ rating score has improved by 33.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1-year consensus target price of $25.00 for the company and are forecasting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Lawson Products an industry rank of 112 out of 265 based on the ratings given to related companies.
LAWS has been the topic of a number of research reports. Zacks Investment Research downgraded Lawson Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 21st. Barrington Research raised Lawson Products from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research note on Friday, April 21st. Finally, ValuEngine raised Lawson Products from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.
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In related news, major shareholder Private Discipline Master Lkcm acquired 13,653 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was purchased at an average cost of $19.87 per share, with a total value of $271,285.11. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Neil E. Jenkins sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $19.87, for a total value of $99,350.00. Following the sale, the executive vice president now directly owns 11,892 shares of the company’s stock, valued at $236,294.04. The disclosure for this sale can be found here. Insiders have acquired a total of 15,767 shares of company stock valued at $311,557 over the last three months. Corporate insiders own 18.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of LAWS. Bank of New York Mellon Corp raised its stake in shares of Lawson Products by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 33,737 shares of the industrial products company’s stock worth $757,000 after buying an additional 350 shares in the last quarter. Menta Capital LLC raised its position in Lawson Products by 7.0% in the first quarter. Menta Capital LLC now owns 12,286 shares of the industrial products company’s stock valued at $276,000 after buying an additional 800 shares in the last quarter. Teachers Advisors LLC raised its position in Lawson Products by 10.6% in the first quarter. Teachers Advisors LLC now owns 9,964 shares of the industrial products company’s stock valued at $224,000 after buying an additional 958 shares in the last quarter. Wells Fargo & Company MN raised its position in Lawson Products by 19.0% in the first quarter. Wells Fargo & Company MN now owns 6,253 shares of the industrial products company’s stock valued at $140,000 after buying an additional 1,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Lawson Products by 3.1% in the first quarter. Geode Capital Management LLC now owns 44,508 shares of the industrial products company’s stock valued at $999,000 after buying an additional 1,338 shares in the last quarter. 65.68% of the stock is owned by hedge funds and other institutional investors.
Lawson Products (NASDAQ:LAWS) traded down 4.945% on Tuesday, hitting $21.625. The company had a trading volume of 3,853 shares. The company’s market capitalization is $191.06 million. Lawson Products has a one year low of $15.28 and a one year high of $28.10. The stock’s 50-day moving average price is $21.23 and its 200 day moving average price is $23.40.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings results on Thursday, April 20th. The industrial products company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. Lawson Products had a negative return on equity of 0.20% and a negative net margin of 0.64%. The firm had revenue of $74.62 million for the quarter, compared to analyst estimates of $72.22 million. During the same period last year, the company posted $0.11 earnings per share. On average, analysts expect that Lawson Products will post $0.39 EPS for the current fiscal year.
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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