Lawson Products Inc. (LAWS) Shares Down 2.8%
Lawson Products Inc. (NASDAQ:LAWS)’s share price dropped 2.8% during mid-day trading on Friday . The company traded as low as $16.29 and last traded at $16.40, with a volume of 97,194 shares traded. The stock had previously closed at $16.88.
LAWS has been the topic of a number of research analyst reports. Barrington Research cut shares of Lawson Products from an “outperform” rating to a “market perform” rating in a research report on Friday, July 22nd. Zacks Investment Research raised shares of Lawson Products from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Saturday, July 9th.
The firm’s 50-day moving average is $19.86 and its 200 day moving average is $19.27. The firm’s market cap is $144.25 million.
Lawson Products (NASDAQ:LAWS) last issued its earnings results on Thursday, July 21st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.12. The company had revenue of $69.30 million for the quarter, compared to the consensus estimate of $71.18 million. Equities analysts expect that Lawson Products Inc. will post $0.08 earnings per share for the current year.
An institutional investor recently raised its position in Lawson Products stock. Dimensional Fund Advisors LP raised its position in Lawson Products Inc. (NASDAQ:LAWS) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 647,272 shares of the company’s stock after buying an additional 4,184 shares during the period. Dimensional Fund Advisors LP owned 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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