Zacks: Brokerages Set $30.00 Target Price for Lawson Products, Inc. (LAWS)

Shares of Lawson Products, Inc. (NASDAQ:LAWS) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokerages have set a 1-year consensus price objective of $30.00 for the company and are anticipating that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also given Lawson Products an industry rank of 71 out of 265 based on the ratings given to related companies.

A number of brokerages have recently commented on LAWS. Zacks Investment Research upgraded Lawson Products from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, October 18th. TheStreet upgraded Lawson Products from a “c+” rating to a “b” rating in a research report on Thursday, October 5th. Finally, Barrington Research reiterated an “outperform” rating and set a $30.00 price objective (up previously from $27.00) on shares of Lawson Products in a research report on Thursday, November 2nd.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LAWS. Lord Abbett & CO. LLC lifted its holdings in shares of Lawson Products by 22.2% in the second quarter. Lord Abbett & CO. LLC now owns 187,158 shares of the industrial products company’s stock valued at $4,146,000 after purchasing an additional 33,986 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Lawson Products by 373.5% in the third quarter. New York State Common Retirement Fund now owns 30,775 shares of the industrial products company’s stock valued at $776,000 after purchasing an additional 24,275 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in shares of Lawson Products by 22.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 110,000 shares of the industrial products company’s stock valued at $2,437,000 after purchasing an additional 20,000 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Lawson Products in the third quarter valued at $504,000. Finally, Granahan Investment Management Inc. MA lifted its holdings in shares of Lawson Products by 9.1% in the third quarter. Granahan Investment Management Inc. MA now owns 234,153 shares of the industrial products company’s stock valued at $5,901,000 after purchasing an additional 19,509 shares in the last quarter. Institutional investors own 64.55% of the company’s stock.

Shares of Lawson Products (LAWS) opened at $23.75 on Thursday. Lawson Products has a 52-week low of $18.70 and a 52-week high of $28.10. The company has a market capitalization of $213.31, a price-to-earnings ratio of 47.50, a PEG ratio of 1.36 and a beta of 1.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 2.42.

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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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