KDI Capital Partners LLC continued to hold its position in shares of Lawson Products, Inc. (NASDAQ:LAWS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 431,812 shares of the industrial products company’s stock at the end of the second quarter. Lawson Products makes up about 3.3% of KDI Capital Partners LLC’s investment portfolio, making the stock its 10th largest position. KDI Capital Partners LLC owned approximately 4.87% of Lawson Products worth $9,565,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Gamco Investors INC. ET AL raised its position in shares of Lawson Products by 2.3% in the second quarter. Gamco Investors INC. ET AL now owns 217,800 shares of the industrial products company’s stock valued at $4,824,000 after buying an additional 5,000 shares in the last quarter. Teton Advisors Inc. raised its position in shares of Lawson Products by 0.8% in the second quarter. Teton Advisors Inc. now owns 266,714 shares of the industrial products company’s stock valued at $5,908,000 after buying an additional 2,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Lawson Products by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 37,553 shares of the industrial products company’s stock valued at $831,000 after buying an additional 3,816 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position 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 in the last quarter. Finally, Strs Ohio raised its position in shares of Lawson Products by 11.5% in the second quarter. Strs Ohio now owns 28,100 shares of the industrial products company’s stock valued at $622,000 after buying an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 65.26% of the company’s stock.
Shares of Lawson Products, Inc. (LAWS) opened at 23.25 on Friday. The firm has a market capitalization of $206.32 million, a P/E ratio of 39.14 and a beta of 1.47. The firm’s 50-day moving average price is $22.09 and its 200-day moving average price is $22.68. Lawson Products, Inc. has a 12-month low of $15.28 and a 12-month high of $28.10.
Lawson Products (NASDAQ:LAWS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.10. Lawson Products had a net margin of 1.85% and a return on equity of 2.54%. The company had revenue of $75.01 million for the quarter, compared to analysts’ expectations of $72.41 million. Equities analysts predict that Lawson Products, Inc. will post $0.54 earnings per share for the current fiscal year.
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Several brokerages recently issued reports on LAWS. Zacks Investment Research upgraded Lawson Products from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, August 1st. ValuEngine raised Lawson Products from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barrington Research raised Lawson Products from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Friday, April 21st.
In other Lawson Products news, major shareholder Private Discipline Master Lkcm bought 13,653 shares of the stock in a transaction dated Friday, May 26th. The shares were bought at an average cost of $19.87 per share, with a total value of $271,285.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil E. Jenkins sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $236,294.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 15,767 shares of company stock worth $311,557 and have sold 16,690 shares worth $357,279. 18.20% of the stock is currently owned by company insiders.
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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