Lawson Products (LAWS) Upgraded to “B” at TheStreet

TheStreet upgraded shares of Lawson Products (NASDAQ:LAWS) from a c rating to a b rating in a research report released on Thursday.

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.

How to Become a New Pot Stock Millionaire

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.

Lawson Products (NASDAQ:LAWS) last issued its earnings results on Thursday, February 22nd. The industrial products company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.18). Lawson Products had a return on equity of 5.31% and a net margin of 9.70%. The firm had revenue of $80.63 million during the quarter, compared to analysts’ expectations of $78.40 million. During the same quarter in the prior year, the company posted ($0.53) earnings per share. research analysts predict that Lawson Products will post 0.62 EPS for the current year.

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.

COPYRIGHT VIOLATION NOTICE: “Lawson Products (LAWS) Upgraded to “B” at TheStreet” was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3338486/lawson-products-laws-upgraded-to-b-at-thestreet.html.

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.

Receive News & Ratings for Lawson Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lawson Products and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Zacks Investment Research Upgrades Kinsale Capital Group  to “Buy”
Zacks Investment Research Upgrades Kinsale Capital Group to “Buy”
Inter Parfums  Lifted to “Strong-Buy” at BidaskClub
Inter Parfums Lifted to “Strong-Buy” at BidaskClub
Inflarx  Cut to Sell at Zacks Investment Research
Inflarx Cut to Sell at Zacks Investment Research
Huntington Bancshares  Upgraded by Zacks Investment Research to Buy
Huntington Bancshares Upgraded by Zacks Investment Research to Buy
G-III Apparel Group  Upgraded to “Strong-Buy” by BidaskClub
G-III Apparel Group Upgraded to “Strong-Buy” by BidaskClub
Pattern Energy Group  Rating Lowered to Strong Sell at BidaskClub
Pattern Energy Group Rating Lowered to Strong Sell at BidaskClub


Leave a Reply

© 2006-2018 Ticker Report. Google+.