Zacks Investment Research lowered shares of Lawson Products, Inc. (NASDAQ:LAWS) from a hold rating to a sell rating in a research note published on Wednesday, July 19th.
According to Zacks, “Lawson Products, Inc. is a distributor of expendable maintenance, repair & replacement products. It also distributes production components to the O.E.M. marketplace. These products may be divided into 3 broad categories: Fasteners, Fittings & Related Parts, such as screws, nuts, & other fasteners; Industrial Supplies, such as hoses, lubricants, adhesives & other chemicals, as well as files, drills, & other shop supplies; & Automotive & Equipment Maintenance Parts, such as primary wiring, connectors & other electrical supplies, exhaust & other automotive parts. “
A number of other analysts have also recently commented on LAWS. Barrington Research upgraded Lawson Products from a market perform rating to an outperform rating and set a $25.00 price target for the company in a research report on Friday, April 21st. ValuEngine upgraded Lawson Products from a sell rating to a hold rating in a research report on Friday, June 2nd.
Shares of Lawson Products (NASDAQ:LAWS) opened at 23.05 on Wednesday. Lawson Products has a one year low of $15.28 and a one year high of $28.10. The stock has a market cap of $204.55 million, a price-to-earnings ratio of 38.80 and a beta of 1.47. The company has a 50-day moving average price of $21.48 and a 200 day moving average price of $22.70.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $75.01 million during the quarter, compared to analysts’ expectations of $72.41 million. Lawson Products had a return on equity of 2.54% and a net margin of 1.85%. Equities research analysts expect that Lawson Products will post $0.54 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This article was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://stocknewstimes.com/2017/08/09/zacks-investment-research-lowers-lawson-products-inc-laws-to-sell-updated-updated.html.
In other news, EVP Neil E. Jenkins sold 5,662 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $22.48, for a total value of $127,281.76. Following the completion of the sale, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at approximately $283,405.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Private Discipline Master Lkcm acquired 13,653 shares of the stock in a transaction dated Friday, May 26th. The stock was bought at an average cost of $19.87 per share, with a total value of $271,285.11. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 15,767 shares of company stock valued at $311,557 and sold 16,266 shares valued at $347,230. Corporate insiders own 18.20% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in Lawson Products by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 33,737 shares of the industrial products company’s stock valued at $757,000 after buying an additional 350 shares during the last quarter. Menta Capital LLC increased its stake in shares of Lawson Products by 7.0% in the first quarter. Menta Capital LLC now owns 12,286 shares of the industrial products company’s stock valued at $276,000 after buying an additional 800 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Lawson Products by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock valued at $319,000 after buying an additional 900 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Lawson Products by 19.0% in the first quarter. Wells Fargo & Company MN now owns 6,253 shares of the industrial products company’s stock valued at $140,000 after buying an additional 1,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of 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. 65.11% of the stock is owned by institutional investors and hedge funds.
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.
Get a free copy of the Zacks research report on Lawson Products (LAWS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lawson Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lawson Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
