Shares of Lawson Products, Inc. (NASDAQ:LAWS) have been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a 12-month consensus price target of $30.00 for the company and are anticipating that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lawson Products an industry rank of 38 out of 265 based on the ratings given to related companies.
Several research firms recently weighed in on LAWS. Zacks Investment Research upgraded Lawson Products from a “sell” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, January 23rd. Barrington Research restated an “outperform” rating and set a $30.00 target price (up previously from $27.00) on shares of Lawson Products in a research note on Thursday, November 2nd.
A number of hedge funds have recently bought and sold shares of LAWS. Schwab Charles Investment Management Inc. lifted its stake in Lawson Products by 6.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 900 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Lawson Products by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 37,553 shares of the industrial products company’s stock valued at $831,000 after buying an additional 3,816 shares during the last quarter. Northern Trust Corp lifted its stake in Lawson Products by 10.1% in the second quarter. Northern Trust Corp now owns 75,770 shares of the industrial products company’s stock valued at $1,678,000 after buying an additional 6,968 shares during the last quarter. State Street Corp lifted its stake in Lawson Products by 12.1% in the second quarter. State Street Corp now owns 81,043 shares of the industrial products company’s stock valued at $1,795,000 after buying an additional 8,776 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in Lawson Products by 22.2% in the second quarter. Lord Abbett & CO. LLC now owns 187,158 shares of the industrial products company’s stock valued at $4,146,000 after buying an additional 33,986 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.
Lawson Products (NASDAQ:LAWS) traded up $0.30 during mid-day trading on Friday, reaching $23.80. The company had a trading volume of 3,700 shares, compared to its average volume of 5,574. The stock has a market capitalization of $208.87, a PE ratio of 47.60, a price-to-earnings-growth ratio of 1.33 and a beta of 1.47. Lawson Products has a 12-month low of $18.70 and a 12-month high of $28.10. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 2.42.
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Lawson Products Company Profile
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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