A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Lawson Products from a buy rating to a hold rating in a research report on Saturday, July 13th. ValuEngine downgraded Lawson Products from a buy rating to a hold rating in a research report on Thursday, August 15th. Finally, Barrington Research raised their price target on Lawson Products from $38.00 to $44.00 and gave the company an outperform rating in a research report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $42.50.
Shares of LAWS stock traded down $0.49 on Thursday, reaching $41.01. The company’s stock had a trading volume of 7,439 shares, compared to its average volume of 24,436. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.10. Lawson Products has a 12-month low of $28.00 and a 12-month high of $43.23. The company has a market capitalization of $351.66 million, a P/E ratio of 51.91, a PEG ratio of 1.75 and a beta of 0.93. The stock’s 50 day simple moving average is $38.68 and its 200-day simple moving average is $35.13.
Lawson Products (NASDAQ:LAWS) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.35). Lawson Products had a return on equity of 11.41% and a net margin of 2.00%. The business had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $95.28 million. Research analysts expect that Lawson Products will post 1.51 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LAWS. King Luther Capital Management Corp raised its position in Lawson Products by 67.1% during 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 purchasing an additional 1,723,787 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in Lawson Products by 6,971.4% during the second quarter. Hillsdale Investment Management Inc. now owns 49,500 shares of the industrial products company’s stock valued at $1,818,000 after purchasing an additional 48,800 shares in the last quarter. Renaissance Technologies LLC raised its position in Lawson Products by 61.6% during the second quarter. Renaissance Technologies LLC now owns 87,100 shares of the industrial products company’s stock valued at $3,199,000 after purchasing an additional 33,211 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Lawson Products by 6.4% in the second quarter. Vanguard Group Inc. now owns 258,886 shares of the industrial products company’s stock worth $9,509,000 after buying an additional 15,515 shares during the period. Finally, ClariVest Asset Management LLC purchased a new position in shares of Lawson Products in the second quarter worth about $496,000. Institutional investors and hedge funds own 85.90% of the company’s stock.
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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