Lawson Products’ (LAWS) Hold Rating Reiterated at KeyCorp
Lawson Products, Inc. (NASDAQ:LAWS)‘s stock had its “hold” rating restated by stock analysts at KeyCorp in a report released on Sunday.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Lawson Products from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine upgraded Lawson Products from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
Shares of Lawson Products (LAWS) opened at 22.80 on Friday. Lawson Products has a 12-month low of $16.69 and a 12-month high of $28.10. The stock has a 50 day moving average price of $23.24 and a 200 day moving average price of $22.33. The firm has a market cap of $202.33 million, a P/E ratio of 38.38 and a beta of 1.51.
Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.10. Lawson Products had a return on equity of 2.54% and a net margin of 1.85%. The business had revenue of $75.01 million during the quarter, compared to the consensus estimate of $72.41 million. On average, equities analysts expect that Lawson Products will post $0.54 earnings per share for the current year.
In related news, EVP Neil E. Jenkins sold 5,662 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.48, for a total transaction of $127,281.76. Following the completion of the sale, the executive vice president now owns 12,607 shares in the company, valued at $283,405.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 18.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Lawson Products in the first quarter worth $132,000. Wells Fargo & Company MN boosted 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 worth $140,000 after purchasing an additional 1,000 shares during the last quarter. Menta Capital LLC boosted 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 worth $276,000 after purchasing an additional 800 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Lawson Products by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 900 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in Lawson Products by 53.3% in the first quarter. Blair William & Co. IL now owns 20,131 shares of the industrial products company’s stock worth $497,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 64.21% 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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