BidaskClub cut shares of Lawson Products (NASDAQ:LAWS) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning, BidAskClub reports.
Several other equities research analysts also recently weighed in on LAWS. Barrington Research increased their target price on shares of Lawson Products from $38.00 to $44.00 and gave the stock an outperform rating in a research note on Monday, July 29th. Zacks Investment Research downgraded shares of Lawson Products from a buy rating to a hold rating in a research note on Saturday, July 13th. Finally, ValuEngine downgraded shares of Lawson Products from a buy rating to a hold rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Lawson Products has an average rating of Hold and an average price target of $42.50.
Shares of LAWS traded down $1.09 during mid-day trading on Wednesday, hitting $36.61. 12,235 shares of the company’s stock were exchanged, compared to its average volume of 19,097. Lawson Products has a fifty-two week low of $28.00 and a fifty-two week high of $43.23. The firm has a market capitalization of $338.90 million, a P/E ratio of 46.34, a P/E/G ratio of 1.68 and a beta of 0.93. The business’s 50 day moving average is $38.72 and its two-hundred day moving average is $34.94. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10.
Lawson Products (NASDAQ:LAWS) last announced its earnings results on Thursday, July 25th. The industrial products company reported $0.14 earnings per share for the quarter, missing the 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 for the quarter, compared to analyst estimates of $95.28 million. On average, equities research analysts forecast that Lawson Products will post 1.28 earnings per share for the current year.
In other news, Director Mark F. Moon acquired 1,696 shares of Lawson Products stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average price of $34.92 per share, for a total transaction of $59,224.32. Following the completion of the transaction, the director now directly owns 3,705 shares in the company, valued at $129,378.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 51.90% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its position in Lawson Products by 88.3% in the second quarter. Bank of Montreal Can now owns 706 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 331 shares during the period. KBC Group NV acquired a new stake in Lawson Products in the second quarter valued at about $44,000. BNP Paribas Arbitrage SA lifted its position in Lawson Products by 820.1% in the first quarter. BNP Paribas Arbitrage SA now owns 1,417 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,263 shares during the period. Morgan Stanley lifted its position in Lawson Products by 53.9% in the second quarter. Morgan Stanley now owns 2,082 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 729 shares during the period. Finally, Bank of America Corp DE lifted its position in Lawson Products by 33.3% in the fourth quarter. Bank of America Corp DE now owns 4,675 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 1,169 shares during the period. Hedge funds and other institutional investors own 86.68% 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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