Lawson Products, Inc. (NASDAQ:LAWS) has received a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $33.00.
A number of equities analysts have recently commented on LAWS shares. ValuEngine upgraded Lawson Products from a “hold” rating to a “buy” rating in a report on Friday, May 18th. Zacks Investment Research upgraded Lawson Products from a “sell” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday, May 1st. TheStreet cut Lawson Products from a “b” rating to a “c” rating in a report on Monday, May 21st. BidaskClub upgraded Lawson Products from a “sell” rating to a “hold” rating in a report on Sunday, August 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $35.00 target price on shares of Lawson Products in a report on Tuesday, July 31st.
Several hedge funds have recently modified their holdings of LAWS. King Luther Capital Management Corp lifted its stake in shares of Lawson Products by 15.5% during the 1st quarter. King Luther Capital Management Corp now owns 2,570,414 shares of the industrial products company’s stock worth $64,903,000 after acquiring an additional 345,000 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Lawson Products by 11.2% during the 2nd quarter. BlackRock Inc. now owns 510,543 shares of the industrial products company’s stock worth $12,432,000 after acquiring an additional 51,516 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Lawson Products by 14.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 202,340 shares of the industrial products company’s stock worth $4,927,000 after acquiring an additional 26,202 shares during the last quarter. Teton Advisors Inc. lifted its stake in shares of Lawson Products by 7.5% during the 1st quarter. Teton Advisors Inc. now owns 286,672 shares of the industrial products company’s stock worth $7,238,000 after acquiring an additional 19,958 shares during the last quarter. Finally, Deutsche Bank AG lifted 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 acquiring an additional 15,127 shares during the last quarter. 64.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Lawson Products stock traded up $0.40 on Friday, reaching $29.85. The company had a trading volume of 13,389 shares, compared to its average volume of 15,598. The stock has a market cap of $262.65 million, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 1.74. Lawson Products has a 1 year low of $21.00 and a 1 year high of $31.15.
Lawson Products (NASDAQ:LAWS) last announced its earnings results on Thursday, July 26th. The industrial products company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.12. The firm had revenue of $90.38 million during the quarter, compared to analysts’ expectations of $87.01 million. Lawson Products had a return on equity of 7.01% and a net margin of 7.85%. sell-side analysts predict that Lawson Products will post 1.06 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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