Barrington Research restated their outperform rating on shares of Lawson Products, Inc. (NASDAQ:LAWS) in a report released on Thursday morning. Barrington Research currently has a $30.00 target price on the industrial products company’s stock, up from their previous target price of $27.00.
A number of other equities analysts have also commented on LAWS. Zacks Investment Research raised shares of Lawson Products from a hold rating to a buy rating and set a $27.00 price objective for the company in a research note on Wednesday. KeyCorp reiterated a hold rating on shares of Lawson Products in a research report on Sunday, September 17th. Finally, TheStreet upgraded shares of Lawson Products from a c+ rating to a b rating in a research report on Thursday, October 5th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Lawson Products presently has a consensus rating of Buy and an average target price of $28.50.
Lawson Products (NASDAQ LAWS) traded down $0.65 during trading on Thursday, reaching $24.75. 13,478 shares of the company were exchanged, compared to its average volume of 10,367. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 2.42. The stock has a market cap of $219.98, a price-to-earnings ratio of 275.00, a price-to-earnings-growth ratio of 3.06 and a beta of 1.60.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Lawson Products had a return on equity of 1.72% and a net margin of 1.64%. The firm had revenue of $75.65 million during the quarter, compared to analyst estimates of $74.16 million. research analysts expect that Lawson Products will post 0.51 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Lawson Products in the 1st quarter worth approximately $132,000. Wells Fargo & Company MN lifted its position in Lawson Products by 19.0% in the 1st quarter. Wells Fargo & Company MN now owns 6,253 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,000 shares in the last quarter. Menta Capital LLC lifted its position in Lawson Products by 5.7% in the 2nd quarter. Menta Capital LLC now owns 12,986 shares of the industrial products company’s stock worth $288,000 after buying an additional 700 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Lawson Products by 6.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock worth $319,000 after buying an additional 900 shares in the last quarter. Finally, Strs Ohio lifted its position in Lawson Products by 11.5% in the 2nd quarter. Strs Ohio now owns 28,100 shares of the industrial products company’s stock worth $622,000 after buying an additional 2,900 shares in the last quarter. Institutional investors own 64.17% of the company’s stock.
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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