Lawson Products Inc. (LAWS) Stock Price Down 2.8%
Shares of Lawson Products Inc. (NASDAQ:LAWS) fell 2.8% on Friday . The company traded as low as $16.29 and last traded at $16.40, with a volume of 97,194 shares changing hands. The stock had previously closed at $16.88.
A number of brokerages have recently weighed in on LAWS. Zacks Investment Research lowered Lawson Products from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Barrington Research lowered Lawson Products from an “outperform” rating to a “market perform” rating in a research note on Friday, July 22nd.
The firm’s 50 day moving average price is $19.86 and its 200 day moving average price is $19.27. The firm’s market capitalization is $144.25 million.
Lawson Products (NASDAQ:LAWS) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.12. The business earned $69.30 million during the quarter, compared to analysts’ expectations of $71.18 million. Equities research analysts predict that Lawson Products Inc. will post $0.08 EPS for the current year.
An institutional investor recently raised its position in Lawson Products stock. Dimensional Fund Advisors LP boosted its position in shares of Lawson Products Inc. (NASDAQ:LAWS) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 647,272 shares of the company’s stock after buying an additional 4,184 shares during the period. Dimensional Fund Advisors LP owned approximately 7.40% of Lawson Products worth $15,114,000 as of its most recent filing with the SEC.
Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.
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