Lawson Products, Inc. (LAWS) EVP Neil E. Jenkins Sells 5,604 Shares
Lawson Products, Inc. (NASDAQ:LAWS) EVP Neil E. Jenkins sold 5,604 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $21.52, for a total transaction of $120,598.08. Following the sale, the executive vice president now directly owns 12,549 shares in the company, valued at $270,054.48. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Lawson Products, Inc. (NASDAQ:LAWS) traded up 0.23% during midday trading on Wednesday, reaching $21.75. 15,633 shares of the company’s stock traded hands. Lawson Products, Inc. has a 12 month low of $15.28 and a 12 month high of $28.10. The stock’s market cap is $192.16 million. The stock has a 50 day moving average of $21.21 and a 200-day moving average of $23.38.
Lawson Products (NASDAQ:LAWS) last issued its quarterly earnings data on Thursday, April 20th. The industrial products company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $74.62 million during the quarter, compared to the consensus estimate of $72.22 million. During the same quarter last year, the company posted $0.11 earnings per share. On average, equities research analysts forecast that Lawson Products, Inc. will post $0.39 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of LAWS. SG Americas Securities LLC bought a new position in shares of Lawson Products during the first quarter valued at approximately $132,000. Wells Fargo & Company MN raised its position in shares of 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 during the period. Teachers Advisors LLC raised its position in shares of 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 during the period. Menta Capital LLC raised its position in shares of 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 during the period. Finally, Cadence Capital Management LLC bought a new position in shares of Lawson Products during the fourth quarter valued at approximately $404,000. Institutional investors and hedge funds own 65.68% of the company’s stock.
Several equities research analysts have commented on LAWS shares. Zacks Investment Research cut shares of Lawson Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 21st. Barrington Research raised shares of Lawson Products from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research report on Friday, April 21st. Finally, ValuEngine raised shares of Lawson Products from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.
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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