Lawson Products Inc. (NASDAQ:LAWS) has been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Lawson Products’ rating score has declined by 100% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 1-year consensus price target of $25.00 for the company and are predicting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also given Lawson Products an industry rank of 36 out of 265 based on the ratings given to related companies.
LAWS has been the subject of several recent analyst reports. Zacks Investment Research raised Lawson Products from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Saturday, July 9th. Barrington Research lowered Lawson Products from an “outperform” rating to a “market perform” rating in a research report on Friday, July 22nd.
Shares of Lawson Products (NASDAQ:LAWS) opened at 17.37 on Monday. The stock has a 50 day moving average of $17.02 and a 200-day moving average of $18.76. Lawson Products has a one year low of $15.23 and a one year high of $29.64. The stock’s market capitalization is $152.79 million.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.12. The company earned $69.30 million during the quarter, compared to analysts’ expectations of $71.18 million. Lawson Products had a positive return on equity of 0.10% and a negative net margin of 0.03%. Equities analysts forecast that Lawson Products will post $0.08 earnings per share for the current year.
In other Lawson Products news, major shareholder Private Discipline Master Lkcm bought 31,450 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was acquired at an average price of $16.60 per share, with a total value of $522,070.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Shane Mccarthy sold 1,966 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $15.79, for a total value of $31,043.14. Following the completion of the transaction, the senior vice president now directly owns 6,296 shares of the company’s stock, valued at approximately $99,413.84. The disclosure for this sale can be found here. 21.30% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of LAWS. Panagora Asset Management Inc. raised its position in shares of Lawson Products by 6.9% in the second quarter. Panagora Asset Management Inc. now owns 73,969 shares of the company’s stock worth $1,469,000 after buying an additional 4,768 shares during the period. Teachers Advisors Inc. increased its stake in Lawson Products by 13.2% in the second quarter. Teachers Advisors Inc. now owns 9,006 shares of the company’s stock worth $179,000 after buying an additional 1,051 shares in the last quarter. BlackRock Fund Advisors increased its stake 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. BlackRock Investment Management LLC increased its stake in Lawson Products by 12.9% in the second quarter. BlackRock Investment Management LLC now owns 23,350 shares of the company’s stock worth $464,000 after buying an additional 2,663 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake 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. 62.92% of the stock is owned by institutional investors and hedge funds.
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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