Lawson Products Inc. (LAWS) Upgraded to “Hold” by Zacks Investment Research
According to Zacks, “Lawson Products, Inc. is a distributor of expendable maintenance, repair & replacement products. It also distributes production components to the O.E.M. marketplace. These products may be divided into 3 broad categories: Fasteners, Fittings & Related Parts, such as screws, nuts, & other fasteners; Industrial Supplies, such as hoses, lubricants, adhesives & other chemicals, as well as files, drills, & other shop supplies; & Automotive & Equipment Maintenance Parts, such as primary wiring, connectors & other electrical supplies, exhaust & other automotive parts. “
Separately, Barrington Research cut shares of Lawson Products from an outperform rating to a market perform rating in a research note on Friday, July 22nd.
Lawson Products (NASDAQ:LAWS) opened at 17.27 on Wednesday. The firm’s market cap is $151.91 million. Lawson Products has a 12-month low of $15.23 and a 12-month high of $29.64. The firm’s 50-day moving average price is $16.96 and its 200 day moving average price is $18.87.
Lawson Products (NASDAQ:LAWS) last released its earnings results on Thursday, July 21st. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.12. The company earned $69.30 million during the quarter, compared to analysts’ expectations of $71.18 million. Lawson Products had a negative net margin of 0.03% and a positive return on equity of 0.10%. Analysts forecast that Lawson Products will post $0.08 earnings per share for the current fiscal year.
In related news, EVP Neil E. Jenkins sold 1,900 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $17.28, for a total transaction of $32,832.00. Following the sale, the executive vice president now directly owns 11,814 shares in the company, valued at approximately $204,145.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Shane Mccarthy sold 1,966 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $15.79, for a total transaction of $31,043.14. Following the sale, the senior vice president now owns 6,296 shares in the company, valued at $99,413.84. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors boosted its stake in shares of 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 last quarter. Teachers Advisors Inc. boosted its stake 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 during the last quarter. Menta Capital LLC boosted its stake 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 during the last quarter. California State Teachers Retirement System boosted its stake 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 during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in shares of 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 last quarter. Institutional investors own 62.92% of the company’s stock.
About Lawson Products
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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