Shares of Lawson Products, Inc. (NASDAQ:LAWS) have received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokers have set a 1 year consensus target price of $30.00 for the company and are forecasting that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also given Lawson Products an industry rank of 8 out of 255 based on the ratings given to related companies.
Several equities research analysts recently weighed in on LAWS shares. TheStreet raised Lawson Products from a “c” rating to a “b” rating in a report on Thursday, April 5th. ValuEngine cut shares of Lawson Products from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. Finally, Zacks Investment Research cut shares of Lawson Products from a “buy” rating to a “hold” rating in a report on Thursday, June 21st.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Lawson Products by 3.1% in the fourth quarter. BlackRock Inc. now owns 471,176 shares of the industrial products company’s stock valued at $11,661,000 after purchasing an additional 13,982 shares during the period. Deutsche Bank AG raised its stake in shares of Lawson Products by 172.4% during the 4th quarter. Deutsche Bank AG now owns 23,903 shares of the industrial products company’s stock worth $589,000 after purchasing an additional 15,127 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Lawson Products during the 4th quarter worth about $420,000. Millennium Management LLC raised its stake in shares of Lawson Products by 17.2% during the 4th quarter. Millennium Management LLC now owns 35,111 shares of the industrial products company’s stock worth $869,000 after purchasing an additional 5,148 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Lawson Products by 27.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 18,300 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 3,900 shares in the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.
Lawson Products traded down $0.10, hitting $24.80, during trading hours on Wednesday, according to MarketBeat. 133 shares of the stock were exchanged, compared to its average volume of 16,111. Lawson Products has a 12 month low of $19.30 and a 12 month high of $28.00. The stock has a market capitalization of $217.76 million, a PE ratio of 48.63, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.66 and a quick ratio of 0.82.
Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings data on Thursday, April 19th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $84.46 million for the quarter, compared to the consensus estimate of $84.99 million. Lawson Products had a return on equity of 6.07% and a net margin of 9.52%. During the same quarter last year, the business earned $0.09 earnings per share. research analysts anticipate that Lawson Products will post 0.82 earnings per share for the current fiscal year.
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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