Lawson Products (NASDAQ:LAWS) has been assigned a $44.00 price objective by equities research analysts at Barrington Research in a report released on Friday, TipRanks reports. The firm presently has a “buy” rating on the industrial products company’s stock. Barrington Research’s price target suggests a potential upside of 2.68% from the company’s current price.
A number of other analysts have also issued reports on LAWS. Zacks Investment Research lowered Lawson Products from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Lawson Products from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, ValuEngine downgraded shares of Lawson Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $44.50.
NASDAQ LAWS traded down $0.10 on Friday, reaching $42.85. The stock had a trading volume of 8,309 shares, compared to its average volume of 22,733. The firm has a market capitalization of $386.09 million, a price-to-earnings ratio of 54.24, a P/E/G ratio of 1.63 and a beta of 1.02. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.10. Lawson Products has a 12-month low of $28.10 and a 12-month high of $43.24. The stock has a fifty day moving average price of $38.91 and a two-hundred day moving average price of $36.76.
Lawson Products (NASDAQ:LAWS) last announced its earnings results on Thursday, July 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.35). The firm had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $95.28 million. Lawson Products had a net margin of 2.00% and a return on equity of 11.41%. Sell-side analysts forecast that Lawson Products will post 1.51 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. Bank of Montreal Can grew its stake in shares of Lawson Products by 88.3% in the second quarter. Bank of Montreal Can now owns 706 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 331 shares in the last quarter. KBC Group NV acquired a new position in shares of Lawson Products in the second quarter worth $44,000. Morgan Stanley grew its stake in shares of Lawson Products by 53.9% in the second quarter. Morgan Stanley now owns 2,082 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 729 shares in the last quarter. Hodges Capital Management Inc. acquired a new position in shares of Lawson Products in the second quarter worth $203,000. Finally, Navellier & Associates Inc acquired a new position in shares of Lawson Products in the second quarter worth $219,000. Institutional investors and hedge funds 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.
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