Lawson Products, Inc. (NASDAQ:LAWS) has earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Lawson Products’ rating score has improved by 33.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price target of $25.00 for the company and are expecting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lawson Products an industry rank of 111 out of 265 based on the ratings given to its competitors.
A number of analysts recently issued reports on the company. ValuEngine raised Lawson Products from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised Lawson Products from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, May 3rd. Finally, Barrington Research raised Lawson Products from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Friday, April 21st.
In related news, EVP Neil E. Jenkins sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $19.87, for a total transaction of $99,350.00. Following the transaction, the executive vice president now directly owns 11,892 shares of the company’s stock, valued at approximately $236,294.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Private Discipline Master Lkcm acquired 13,653 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average cost of $19.87 per share, for a total transaction of $271,285.11. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 15,767 shares of company stock worth $311,557. 18.20% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Cadence Capital Management LLC boosted its position in shares of Lawson Products by 177.8% in the first quarter. Cadence Capital Management LLC now owns 47,164 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 30,184 shares in the last quarter. State Street Corp boosted its position in shares of Lawson Products by 10.5% in the fourth quarter. State Street Corp now owns 66,197 shares of the industrial products company’s stock worth $1,575,000 after buying an additional 6,275 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Lawson Products by 33.7% in the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the industrial products company’s stock worth $1,311,000 after buying an additional 13,884 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Lawson Products by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 610,321 shares of the industrial products company’s stock valued at $13,702,000 after buying an additional 1,892 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Lawson Products by 3.1% in the first quarter. Geode Capital Management LLC now owns 44,508 shares of the industrial products company’s stock valued at $999,000 after buying an additional 1,338 shares during the last quarter. 65.68% of the stock is currently owned by institutional investors.
Lawson Products (NASDAQ LAWS) traded up 6.67% on Tuesday, reaching $22.40. The company had a trading volume of 40,733 shares. Lawson Products has a 12-month low of $15.28 and a 12-month high of $28.10. The stock’s 50-day moving average price is $21.07 and its 200-day moving average price is $23.34. The stock’s market capitalization is $197.90 million.
Lawson Products (NASDAQ:LAWS) last issued its quarterly earnings data on Thursday, April 20th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $74.62 million for the quarter, compared to analysts’ expectations of $72.22 million. Lawson Products had a negative return on equity of 0.20% and a negative net margin of 0.64%. During the same period last year, the company posted $0.11 EPS. On average, equities research analysts anticipate that Lawson Products will post $0.39 EPS for the current fiscal year.
Lawson Products Company Profile
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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