Shares of Lawson Products, Inc. (NASDAQ:LAWS) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Lawson Products’ rating score has declined by 50% from three months ago as a result of various analysts’ upgrades and downgrades.
Zacks has also given Lawson Products an industry rank of 19 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Lawson Products from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, October 21st.
Lawson Products (NASDAQ:LAWS) opened at 27.10 on Wednesday. The stock’s market cap is $238.43 million. Lawson Products has a 12-month low of $15.23 and a 12-month high of $27.20. The firm’s 50-day moving average price is $24.38 and its 200-day moving average price is $20.47.
In other Lawson Products news, EVP Neil E. Jenkins sold 3,586 shares of the stock in a transaction dated Saturday, December 31st. The stock was sold at an average price of $25.40, for a total value of $91,084.40. Following the transaction, the executive vice president now owns 15,531 shares of the company’s stock, valued at $394,487.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Private Discipline Master Lkcm bought 300,000 shares of the stock in a transaction on Wednesday, November 30th. The stock was purchased at an average cost of $23.45 per share, for a total transaction of $7,035,000.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 21,240 shares of company stock worth $509,344. 21.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of LAWS. Bank of New York Mellon Corp increased its position in Lawson Products by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 33,542 shares of the company’s stock worth $666,000 after buying an additional 876 shares in the last quarter. California State Teachers Retirement System increased its position in Lawson Products by 5.0% in the second quarter. California State Teachers Retirement System now owns 13,228 shares of the company’s stock worth $263,000 after buying an additional 626 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in Lawson Products by 1.1% in the third quarter. Punch & Associates Investment Management Inc. now owns 92,000 shares of the company’s stock worth $1,631,000 after buying an additional 1,000 shares in the last quarter. King Luther Capital Management Corp increased its position in Lawson Products by 4.2% in the third quarter. King Luther Capital Management Corp now owns 1,678,088 shares of the company’s stock worth $29,753,000 after buying an additional 67,026 shares in the last quarter. Finally, KDI Capital Partners LLC increased its position in Lawson Products by 2.1% in the third quarter. KDI Capital Partners LLC now owns 853,256 shares of the company’s stock worth $15,128,000 after buying an additional 17,418 shares in the last quarter. 62.09% of the stock is currently owned by institutional investors.
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About Lawson Products
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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