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 Lawson Products stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Lawson Products Inc. (NASDAQ:LAWS) opened at 17.08 on Tuesday. Lawson Products Inc. has a 52-week low of $15.23 and a 52-week high of $29.64. The company has a 50-day moving average price of $16.88 and a 200-day moving average price of $18.89. The company’s market cap is $150.24 million.
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 analysts’ consensus estimates of $0.14 by $0.12. The business had revenue of $69.30 million for the quarter, compared to the consensus estimate of $71.18 million. Lawson Products had a negative net margin of 0.03% and a positive return on equity of 0.10%. On average, equities analysts predict that Lawson Products Inc. will post $0.08 EPS for the current year.
A number of brokerages have recently issued reports on LAWS. Zacks Investment Research downgraded Lawson Products from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Barrington Research downgraded Lawson Products from an “outperform” rating to a “market perform” rating in a research report on Friday, July 22nd.
A number of hedge funds have recently bought and sold shares of LAWS. Nationwide Fund Advisors boosted its stake in Lawson Products by 52.2% in the second quarter. Nationwide Fund Advisors now owns 7,838 shares of the company’s stock worth $156,000 after buying an additional 2,689 shares during the period. Teachers Advisors Inc. boosted its stake in 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 during the period. Menta Capital LLC boosted its stake in 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 during the period. California State Teachers Retirement System boosted its stake in 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 during the period. Finally, BlackRock Investment Management LLC boosted its stake in Lawson Products by 12.9% in the second quarter. BlackRock Investment Management LLC now owns 23,350 shares of the company’s stock worth $464,000 after buying an additional 2,663 shares during the period. Institutional investors own 62.92% of the company’s stock.
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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