Lawson Products (NASDAQ:LAWS) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Lawson Products (NASDAQ:LAWS) from a hold rating to a buy rating in a research note issued to investors on Friday, Zacks.com reports. The brokerage currently has $41.00 price target on the industrial products company’s stock.

According to Zacks, “Lawson Products, Inc. is a distributor of expendable maintenance, repair & replacement products. It also distributes production components to the O.E.M. marketplace. These products may be divided into 3 broad categories: Fasteners, Fittings & Related Parts, such as screws, nuts, & other fasteners; Industrial Supplies, such as hoses, lubricants, adhesives & other chemicals, as well as files, drills, & other shop supplies; & Automotive & Equipment Maintenance Parts, such as primary wiring, connectors & other electrical supplies, exhaust & other automotive parts. “

A number of other analysts have also commented on LAWS. BidaskClub lowered ZIX from a strong-buy rating to a buy rating in a research note on Friday, June 7th. ValuEngine lowered Xylem from a buy rating to a hold rating in a research note on Tuesday, May 14th. Finally, Barrington Research set a $37.00 price objective on Lawson Products and gave the company a buy rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $39.00.

Lawson Products stock opened at $36.66 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.76 and a quick ratio of 0.88. The firm has a market capitalization of $328.44 million, a price-to-earnings ratio of 46.41, a price-to-earnings-growth ratio of 1.21 and a beta of 0.78. Lawson Products has a fifty-two week low of $23.50 and a fifty-two week high of $40.36. The firm has a fifty day moving average price of $36.34.

Lawson Products (NASDAQ:LAWS) last posted its earnings results on Thursday, April 18th. The industrial products company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.15. The company had revenue of $91.34 million for the quarter, compared to analyst estimates of $89.77 million. Lawson Products had a return on equity of 9.19% and a net margin of 2.56%. On average, equities research analysts anticipate that Lawson Products will post 1.73 earnings per share for the current fiscal year.

In other news, Director Mark F. Moon acquired 1,696 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were bought at an average cost of $34.92 per share, for a total transaction of $59,224.32. Following the acquisition, the director now directly owns 3,705 shares in the company, valued at approximately $129,378.60. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder King Luther Capital Management acquired 37,707 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was purchased at an average price of $32.00 per share, for a total transaction of $1,206,624.00. The disclosure for this purchase can be found here. 51.90% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in LAWS. BNP Paribas Arbitrage SA raised its holdings in shares of Lawson Products by 820.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,417 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 1,263 shares during the period. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Lawson Products during the 4th quarter valued at about $74,000. MetLife Investment Advisors LLC purchased a new stake in shares of Lawson Products during the 4th quarter valued at about $101,000. Bank of America Corp DE raised its holdings in shares of Lawson Products by 33.3% during the 4th quarter. Bank of America Corp DE now owns 4,675 shares of the industrial products company’s stock valued at $148,000 after buying an additional 1,169 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Lawson Products by 13.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,663 shares of the industrial products company’s stock valued at $209,000 after buying an additional 807 shares during the period. Institutional investors own 85.97% of the company’s stock.

Lawson Products Company Profile

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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