Barrington Research set a $37.00 target price on Lawson Products (NASDAQ:LAWS) in a research report sent to investors on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other brokerages have also issued reports on LAWS. BidaskClub raised Lawson Products from a hold rating to a buy rating in a report on Friday, December 21st. TheStreet raised Lawson Products from a c+ rating to a b rating in a report on Friday, March 1st. Finally, Zacks Investment Research raised Lawson Products from a hold rating to a strong-buy rating and set a $35.00 price objective on the stock in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, one has assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $36.00.

NASDAQ:LAWS opened at $31.60 on Wednesday. The firm has a market capitalization of $283.20 million, a P/E ratio of 40.00, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.82 and a current ratio of 1.61. Lawson Products has a 12 month low of $21.00 and a 12 month high of $36.90.

Lawson Products (NASDAQ:LAWS) last posted its earnings results on Thursday, February 28th. The industrial products company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.19 by $0.12. The firm had revenue of $86.27 million for the quarter, compared to analyst estimates of $86.01 million. Lawson Products had a return on equity of 7.19% and a net margin of 1.78%. Analysts predict that Lawson Products will post 1.53 EPS for the current fiscal year.

In other news, major shareholder King Luther Capital Management acquired 37,707 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were bought at an average price of $32.00 per share, with a total value of $1,206,624.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 51.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LAWS. Zacks Investment Management purchased a new position in shares of Lawson Products during the fourth quarter worth about $940,000. Royce & Associates LP grew its holdings in shares of Lawson Products by 26.6% during the fourth quarter. Royce & Associates LP now owns 68,000 shares of the industrial products company’s stock worth $2,149,000 after buying an additional 14,299 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Lawson Products by 30.4% during the third quarter. Renaissance Technologies LLC now owns 53,600 shares of the industrial products company’s stock worth $1,817,000 after buying an additional 12,500 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Lawson Products during the third quarter worth about $257,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Lawson Products by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 590,919 shares of the industrial products company’s stock worth $20,032,000 after buying an additional 6,528 shares during the last quarter. 66.90% of the stock is currently 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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