BidaskClub downgraded shares of Lawson Products (NASDAQ:LAWS) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Several other research firms have also commented on LAWS. ValuEngine raised Lawson Products from a buy rating to a strong-buy rating in a report on Wednesday, October 24th. Zacks Investment Research lowered Lawson Products from a buy rating to a hold rating in a report on Thursday, November 1st. Barrington Research set a $37.00 target price on Lawson Products and gave the company a buy rating in a report on Tuesday, October 30th. Finally, TheStreet lowered Lawson Products from a b rating to a c+ rating in a report on Friday, October 26th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $36.50.

Shares of NASDAQ:LAWS traded down $1.44 during trading on Wednesday, hitting $28.80. 9,111 shares of the company traded hands, compared to its average volume of 10,338. The firm has a market capitalization of $268.93 million, a PE ratio of 56.47, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04. Lawson Products has a one year low of $21.00 and a one year high of $36.90. The company has a current ratio of 1.67, a quick ratio of 0.88 and a debt-to-equity ratio of 0.06.

Lawson Products (NASDAQ:LAWS) last posted its earnings results on Thursday, October 25th. The industrial products company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.50). The company had revenue of $88.53 million for the quarter, compared to the consensus estimate of $89.54 million. Lawson Products had a net margin of 6.93% and a return on equity of 4.09%. As a group, analysts predict that Lawson Products will post 0.64 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Lawson Products by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 584,391 shares of the industrial products company’s stock worth $14,230,000 after buying an additional 8,718 shares in the last quarter. Granahan Investment Management Inc. MA grew its holdings in Lawson Products by 13.4% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 289,781 shares of the industrial products company’s stock worth $7,056,000 after buying an additional 34,340 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Lawson Products by 48.8% in the 3rd quarter. Acadian Asset Management LLC now owns 25,631 shares of the industrial products company’s stock worth $870,000 after buying an additional 8,410 shares in the last quarter. Royce & Associates LP bought a new position in Lawson Products in the 3rd quarter worth approximately $1,820,000. Finally, EAM Investors LLC bought a new position in Lawson Products in the 3rd quarter worth approximately $765,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Lawson Products Company Profile

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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