Several other brokerages have also recently weighed in on LAWS. Zacks Investment Research cut Lawson Products from a hold rating to a sell rating in a report on Tuesday, January 16th. ValuEngine cut Lawson Products from a buy rating to a hold rating in a report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $29.00.
Lawson Products stock traded down $0.15 during mid-day trading on Thursday, hitting $24.25. The company’s stock had a trading volume of 4,935 shares, compared to its average volume of 12,034. Lawson Products has a one year low of $18.70 and a one year high of $28.00. The company has a quick ratio of 0.79, a current ratio of 1.64 and a debt-to-equity ratio of 0.07.
In related news, insider Michael G. Decata acquired 2,189 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average cost of $24.69 per share, for a total transaction of $54,046.41. Following the purchase, the insider now directly owns 20,533 shares of the company’s stock, valued at approximately $506,959.77. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald B. Port sold 100,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $24.00, for a total value of $2,400,000.00. Following the sale, the director now owns 32,583 shares of the company’s stock, valued at $781,992. The disclosure for this sale can be found here. Insiders acquired a total of 248,131 shares of company stock valued at $6,076,174 over the last quarter. Company insiders own 18.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System purchased a new stake in shares of Lawson Products during the 3rd quarter worth $223,000. Acadian Asset Management LLC purchased a new stake in shares of Lawson Products during the 4th quarter worth $226,000. Chicago Equity Partners LLC purchased a new stake in shares of Lawson Products during the 4th quarter worth $400,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Lawson Products during the 4th quarter worth $420,000. Finally, Algert Global LLC purchased a new stake in shares of Lawson Products during the 3rd quarter worth $427,000. Hedge funds and other institutional investors own 64.78% of the company’s stock.
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Lawson Products Company Profile
Lawson Products, Inc distributes products and services to the industrial, commercial, institutional, and government maintenance, repair, and operations marketplace in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. It operates in two segments, Lawson and Bolt. The company's products include fastening systems, fluid power products, specialty chemicals, cutting tools and abrasives, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products.
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