Zacks Investment Research cut shares of Lawson Products (NASDAQ:LAWS) from a buy rating to a hold rating in a report published on Thursday.

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. “

Several other analysts also recently issued reports on LAWS. Barrington Research restated an outperform rating and issued a $35.00 price target on shares of Lawson Products in a research note on Tuesday, July 31st. BidaskClub upgraded Lawson Products from a sell rating to a hold rating in a research note on Sunday, August 5th. TheStreet upgraded Lawson Products from a c+ rating to a b- rating in a research note on Friday, August 10th. Finally, ValuEngine upgraded Lawson Products from a buy rating to a strong-buy rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $35.00.

LAWS traded up $1.25 during trading on Thursday, hitting $31.76. The stock had a trading volume of 22,238 shares, compared to its average volume of 10,860. The company has a market capitalization of $283.25 million, a PE ratio of 79.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.46. Lawson Products has a one year low of $21.00 and a one year high of $36.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.74 and a quick ratio of 0.89.

Lawson Products (NASDAQ:LAWS) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.12. The business had revenue of $90.38 million during the quarter, compared to the consensus estimate of $87.01 million. Lawson Products had a return on equity of 4.12% and a net margin of 6.93%. Equities analysts anticipate that Lawson Products will post 1.1 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its holdings in Lawson Products by 1,634.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,072 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 5,722 shares in the last quarter. Ramsey Quantitative Systems raised its holdings in Lawson Products by 102.7% in the 2nd quarter. Ramsey Quantitative Systems now owns 8,716 shares of the industrial products company’s stock valued at $212,000 after acquiring an additional 4,416 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Lawson Products by 49.9% in the 2nd quarter. Acadian Asset Management LLC now owns 17,221 shares of the industrial products company’s stock valued at $419,000 after acquiring an additional 5,733 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Lawson Products by 27.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 18,300 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Lawson Products by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 38,345 shares of the industrial products company’s stock valued at $934,000 after acquiring an additional 1,595 shares in the last quarter. 66.18% of the stock is owned by hedge funds and other institutional investors.

About Lawson Products

Lawson Products, Inc distributes products and services to the industrial, commercial, institutional, and government maintenance, repair, and operations marketplace in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. It operates in two segments, Lawson and Bolt. The company's products include fastening systems, fluid power products, specialty chemicals, cutting tools and abrasives, electrical products, aftermarket automotive supplies, safety products, welding and metal repair products, and other products.

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