Brokerages Set Lawson Products, Inc. (LAWS) PT at $33.00

Share on StockTwits

Lawson Products, Inc. (NASDAQ:LAWS) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $33.00.

Several research analysts have recently commented on the company. ValuEngine lowered Lawson Products from a “buy” rating to a “hold” rating in a research report on Tuesday, May 29th. BidaskClub raised Lawson Products from a “sell” rating to a “hold” rating in a research report on Sunday, August 5th. Zacks Investment Research lowered Lawson Products from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. TheStreet lowered Lawson Products from a “b” rating to a “c” rating in a research report on Monday, May 21st. Finally, Barrington Research reissued an “outperform” rating and issued a $35.00 price target on shares of Lawson Products in a research report on Tuesday, July 31st.

A number of hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL grew its stake in Lawson Products by 14.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 202,340 shares of the industrial products company’s stock worth $4,927,000 after buying an additional 26,202 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Lawson Products by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 584,391 shares of the industrial products company’s stock worth $14,230,000 after buying an additional 8,718 shares during the last quarter. BlackRock Inc. grew its stake in Lawson Products by 11.2% during the 2nd quarter. BlackRock Inc. now owns 510,543 shares of the industrial products company’s stock worth $12,432,000 after buying an additional 51,516 shares during the last quarter. Cadence Capital Management LLC grew its stake in Lawson Products by 12.2% during the 2nd quarter. Cadence Capital Management LLC now owns 98,823 shares of the industrial products company’s stock worth $2,406,000 after buying an additional 10,715 shares during the last quarter. Finally, Ramsey Quantitative Systems grew its stake in Lawson Products by 102.7% during the 2nd quarter. Ramsey Quantitative Systems now owns 8,716 shares of the industrial products company’s stock worth $212,000 after buying an additional 4,416 shares during the last quarter. Hedge funds and other institutional investors own 64.78% of the company’s stock.

Lawson Products traded up $0.40, reaching $29.85, on Friday, according to Marketbeat. 13,389 shares of the stock traded hands, compared to its average volume of 15,598. The company has a quick ratio of 0.89, a current ratio of 1.74 and a debt-to-equity ratio of 0.06. The firm has a market cap of $262.65 million, a PE ratio of 58.53, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. Lawson Products has a 12 month low of $21.00 and a 12 month high of $31.15.

Lawson Products (NASDAQ:LAWS) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.12. The firm had revenue of $90.38 million during the quarter, compared to analyst estimates of $87.01 million. Lawson Products had a return on equity of 7.01% and a net margin of 7.85%. research analysts expect that Lawson Products will post 1.06 earnings per share for the current year.

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.

Recommended Story: Leveraged Buyout (LBO) Explained

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.

Leave a Reply