Lawson Products, Inc. (NASDAQ:LAWS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $37.39 and last traded at $37.34, with a volume of 117341 shares. The stock had previously closed at $33.50.
A number of research firms recently commented on LAWS. BidaskClub raised shares of Lawson Products from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Barrington Research set a $37.00 target price on shares of Lawson Products and gave the company a “buy” rating in a report on Wednesday, April 17th. Zacks Investment Research raised shares of Lawson Products from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday, March 7th. TheStreet raised shares of Lawson Products from a “c+” rating to a “b” rating in a report on Friday, March 1st. Finally, ValuEngine raised shares of Lawson Products from a “hold” rating to a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $36.00.
The company has a current ratio of 1.76, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11. The firm has a market cap of $300.46 million, a P/E ratio of 47.27, a PEG ratio of 1.11 and a beta of 1.00.
Lawson Products (NASDAQ:LAWS) last released its earnings results on Thursday, February 28th. The industrial products company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.19 by $0.12. Lawson Products had a net margin of 2.56% and a return on equity of 9.19%. The firm had revenue of $86.27 million for the quarter, compared to analyst estimates of $86.01 million. As a group, equities analysts anticipate that Lawson Products, Inc. will post 1.73 EPS for the current year.
In other news, major shareholder King Luther Capital Management bought 37,707 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were purchased at an average cost of $32.00 per share, with a total value of $1,206,624.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 51.90% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its stake 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 valued at $44,000 after purchasing an additional 1,263 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Lawson Products in the 4th quarter valued at approximately $74,000. MetLife Investment Advisors LLC acquired a new stake in shares of Lawson Products in the 4th quarter valued at approximately $101,000. JPMorgan Chase & Co. boosted its stake in shares of Lawson Products by 100.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,286 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 2,145 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Lawson Products by 33.3% in 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 purchasing an additional 1,169 shares in the last quarter. 66.70% of the stock is currently owned by hedge funds and other institutional investors.
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About Lawson Products (NASDAQ:LAWS)
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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