Lawson Products (NASDAQ:LAWS) Upgraded by BidaskClub to “Buy”

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BidaskClub upgraded shares of Lawson Products (NASDAQ:LAWS) from a hold rating to a buy rating in a report published on Thursday, BidAskClub reports.

LAWS has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Lawson Products from a buy rating to a hold rating in a research note on Saturday, July 13th. Barrington Research lifted their target price on shares of Lawson Products from $38.00 to $44.00 and gave the company an outperform rating in a report on Monday, July 29th. Finally, ValuEngine lowered shares of Lawson Products from a buy rating to a hold rating in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Lawson Products presently has a consensus rating of Buy and a consensus target price of $42.50.

Shares of LAWS traded down $0.07 during mid-day trading on Thursday, reaching $41.15. The company had a trading volume of 8,199 shares, compared to its average volume of 13,819. Lawson Products has a twelve month low of $28.00 and a twelve month high of $43.23. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.77 and a quick ratio of 0.91. The company’s 50-day moving average is $38.69 and its 200-day moving average is $35.53. The company has a market capitalization of $374.23 million, a P/E ratio of 52.09, a P/E/G ratio of 1.58 and a beta of 0.93.

Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.35). The firm had revenue of $96.10 million for the quarter, compared to analyst estimates of $95.28 million. Lawson Products had a net margin of 2.00% and a return on equity of 11.41%. As a group, equities analysts expect that Lawson Products will post 1.51 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. King Luther Capital Management Corp increased its holdings in shares of Lawson Products by 67.1% in the 1st quarter. King Luther Capital Management Corp now owns 4,294,201 shares of the industrial products company’s stock valued at $134,666,000 after acquiring an additional 1,723,787 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Lawson Products by 6,971.4% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 49,500 shares of the industrial products company’s stock valued at $1,818,000 after buying an additional 48,800 shares during the last quarter. Renaissance Technologies LLC boosted its position in Lawson Products by 61.6% in the 2nd quarter. Renaissance Technologies LLC now owns 87,100 shares of the industrial products company’s stock valued at $3,199,000 after buying an additional 33,211 shares during the last quarter. Vanguard Group Inc. boosted its position in Lawson Products by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 258,886 shares of the industrial products company’s stock valued at $9,509,000 after buying an additional 15,515 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in Lawson Products in the 2nd quarter valued at $496,000. Institutional investors own 85.90% of the company’s stock.

About Lawson Products

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.

See Also: Equity Income

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