Lawson Products, Inc. (LAWS) Director Ronald B. Port Sells 100,000 Shares
Lawson Products, Inc. (NASDAQ:LAWS) Director Ronald B. Port sold 100,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $24.00, for a total value of $2,400,000.00. Following the transaction, the director now directly owns 32,583 shares in the company, valued at approximately $781,992. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Lawson Products, Inc. (NASDAQ:LAWS) opened at $24.10 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.64 and a quick ratio of 0.79. The stock has a market capitalization of $214.20, a PE ratio of 7.44, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. Lawson Products, Inc. has a 12-month low of $18.70 and a 12-month high of $27.70.
Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.18). The company had revenue of $80.63 million during the quarter, compared to analyst estimates of $78.40 million. Lawson Products had a net margin of 9.70% and a return on equity of 5.31%. During the same period in the prior year, the business earned ($0.53) EPS. equities research analysts expect that Lawson Products, Inc. will post 0.62 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of LAWS. New York State Common Retirement Fund raised its position in Lawson Products by 373.5% in the 3rd quarter. New York State Common Retirement Fund now owns 30,775 shares of the industrial products company’s stock valued at $776,000 after purchasing an additional 24,275 shares in the last quarter. Granite Investment Partners LLC raised its position in Lawson Products by 113.4% in the 4th quarter. Granite Investment Partners LLC now owns 42,652 shares of the industrial products company’s stock valued at $1,056,000 after purchasing an additional 22,664 shares in the last quarter. Granahan Investment Management Inc. MA raised its position in Lawson Products by 9.1% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 234,153 shares of the industrial products company’s stock valued at $5,901,000 after purchasing an additional 19,509 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Lawson Products in the 4th quarter valued at about $420,000. Finally, Algert Global LLC acquired a new stake in Lawson Products in the 3rd quarter valued at about $427,000. 64.15% of the stock is currently owned by institutional investors.
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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