Lawson Products (LAWS) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Lawson Products (NASDAQ:LAWS) from a hold rating to a buy rating in a report published on Tuesday, ValuEngine reports.

A number of other equities analysts have also commented on the company. Barrington Research set a $37.00 price objective on Lawson Products and gave the stock a buy rating in a research note on Wednesday, April 17th. TheStreet raised Lawson Products from a c+ rating to a b rating in a research note on Friday, March 1st. Zacks Investment Research raised Lawson Products from a hold rating to a strong-buy rating and set a $35.00 price objective on the stock in a research note on Thursday, March 7th. Finally, BidaskClub lowered Lawson Products from a hold rating to a sell rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Lawson Products currently has a consensus rating of Buy and a consensus price target of $36.00.

Shares of LAWS stock opened at $38.35 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $340.55 million, a P/E ratio of 39.14, a P/E/G ratio of 1.25 and a beta of 1.00. Lawson Products has a one year low of $21.00 and a one year high of $39.03.

Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings results on Thursday, February 28th. The industrial products company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.12. The business had revenue of $86.27 million for the quarter, compared to analyst estimates of $86.01 million. Lawson Products had a return on equity of 9.19% and a net margin of 2.56%. Research analysts expect that Lawson Products will post 1.73 earnings per share for the current fiscal year.

In other Lawson Products news, major shareholder King Luther Capital Management acquired 37,707 shares of Lawson Products stock in a transaction on Wednesday, April 17th. The shares were bought at an average price of $32.00 per share, with a total value of $1,206,624.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 51.90% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Royce & Associates LP lifted its stake in shares of Lawson Products by 26.6% during the fourth quarter. Royce & Associates LP now owns 68,000 shares of the industrial products company’s stock valued at $2,149,000 after acquiring an additional 14,299 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Lawson Products by 180.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,856 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 3,766 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Lawson Products by 30.4% during the third quarter. Renaissance Technologies LLC now owns 53,600 shares of the industrial products company’s stock valued at $1,817,000 after acquiring an additional 12,500 shares during the period. Rhumbline Advisers lifted its stake in shares of Lawson Products by 38.3% during the fourth quarter. Rhumbline Advisers now owns 10,480 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 2,902 shares during the period. Finally, Vanguard Group Inc lifted its stake in shares of Lawson Products by 1.3% during the third quarter. Vanguard Group Inc now owns 229,154 shares of the industrial products company’s stock valued at $7,768,000 after acquiring an additional 2,905 shares during the period. 66.70% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Why do company’s buyback their stock?

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