Neil E. Jenkins Sells 6,507 Shares of Lawson Products Inc. (LAWS) Stock
Lawson Products Inc. (NASDAQ:LAWS) EVP Neil E. Jenkins sold 6,507 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $16.42, for a total value of $106,844.94. Following the sale, the executive vice president now owns 4,337 shares of the company’s stock, valued at approximately $71,213.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Lawson Products Inc. (NASDAQ:LAWS) opened at 17.08 on Tuesday. The stock’s market cap is $150.24 million. The firm has a 50-day moving average price of $16.88 and a 200-day moving average price of $18.89. Lawson Products Inc. has a 12 month low of $15.23 and a 12 month high of $29.64.
Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.12. Lawson Products had a negative net margin of 0.03% and a positive return on equity of 0.10%. The company earned $69.30 million during the quarter, compared to analysts’ expectations of $71.18 million. Equities analysts forecast that Lawson Products Inc. will post $0.08 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Menta Capital LLC increased its position in shares of Lawson Products by 2.6% in the first quarter. Menta Capital LLC now owns 11,467 shares of the company’s stock worth $225,000 after buying an additional 290 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Lawson Products by 5.0% in the second quarter. California State Teachers Retirement System now owns 13,228 shares of the company’s stock worth $263,000 after buying an additional 626 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Lawson Products by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 33,542 shares of the company’s stock worth $666,000 after buying an additional 876 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Lawson Products by 0.4% in the second quarter. Vanguard Group Inc. now owns 211,079 shares of the company’s stock worth $4,192,000 after buying an additional 921 shares in the last quarter. Finally, Teachers Advisors Inc. increased its position in shares of Lawson Products by 13.2% in the second quarter. Teachers Advisors Inc. now owns 9,006 shares of the company’s stock worth $179,000 after buying an additional 1,051 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Lawson Products from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Saturday, July 9th. Barrington Research cut Lawson Products from an “outperform” rating to a “market perform” rating in a research report on Friday, July 22nd.
Lawson Products Company Profile
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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