Lawson Products, Inc. (NASDAQ:LAWS) SVP Matthew Jay Brown sold 1,636 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $38.93, for a total value of $63,689.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Lawson Products stock traded up $0.91 during midday trading on Friday, reaching $38.47. The company’s stock had a trading volume of 797 shares, compared to its average volume of 18,204. Lawson Products, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $40.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 1.76. The company has a market cap of $340.82 million, a P/E ratio of 47.92, a price-to-earnings-growth ratio of 1.26 and a beta of 1.00.
Lawson Products (NASDAQ:LAWS) last released its earnings results on Thursday, February 28th. The industrial products company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.12. Lawson Products had a return on equity of 9.19% and a net margin of 2.56%. The company had revenue of $86.27 million during the quarter, compared to the consensus estimate of $86.01 million. Sell-side analysts predict that Lawson Products, Inc. will post 1.73 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. King Luther Capital Management Corp lifted its holdings in Lawson Products by 67.1% in the first quarter. King Luther Capital Management Corp now owns 4,294,201 shares of the industrial products company’s stock valued at $134,666,000 after acquiring an additional 1,723,787 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Lawson Products by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 594,005 shares of the industrial products company’s stock valued at $18,628,000 after acquiring an additional 1,698 shares during the period. BlackRock Inc. lifted its holdings in Lawson Products by 0.4% in the fourth quarter. BlackRock Inc. now owns 510,714 shares of the industrial products company’s stock valued at $16,140,000 after acquiring an additional 2,062 shares during the period. Vanguard Group Inc. increased its position in shares of Lawson Products by 1.3% in the third quarter. Vanguard Group Inc. now owns 229,154 shares of the industrial products company’s stock valued at $7,768,000 after buying an additional 2,905 shares in the last quarter. Finally, Vanguard Group Inc increased its position in shares of Lawson Products by 1.3% in the third quarter. Vanguard Group Inc now owns 229,154 shares of the industrial products company’s stock valued at $7,768,000 after buying an additional 2,905 shares in the last quarter. 86.04% of the stock is owned by institutional investors.
LAWS has been the subject of several recent research reports. ValuEngine raised Lawson Products from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. TheStreet raised Lawson Products from a “c+” rating to a “b” rating in a report on Friday, March 1st. BidaskClub downgraded Lawson Products from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Zacks Investment Research raised Lawson Products from a “hold” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, March 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $37.00 target price on shares of Lawson Products in a report on Friday, March 8th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Lawson Products presently has a consensus rating of “Buy” and a consensus price target of $36.00.
About Lawson Products
Lawson Products, Inc distributes products and services to the industrial, commercial, institutional, and government maintenance, repair, and operations marketplace in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. It operates in two segments, Lawson and Bolt. The company's products include fastening systems, fluid power products, specialty chemicals, cutting tools and abrasives, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products.
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