StockNews.com Initiates Coverage on Lawson Products (NASDAQ:LAWS)

StockNews.com assumed coverage on shares of Lawson Products (NASDAQ:LAWSGet Rating) in a report issued on Thursday. The firm issued a buy rating on the industrial products company’s stock.

Separately, TheStreet lowered Lawson Products from a b rating to a c+ rating in a report on Thursday, February 24th.

Shares of NASDAQ:LAWS opened at $40.42 on Thursday. Lawson Products has a 1 year low of $33.92 and a 1 year high of $62.10. The business has a 50 day simple moving average of $37.67 and a two-hundred day simple moving average of $44.62. The firm has a market capitalization of $368.47 million, a PE ratio of 25.75 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.05 and a quick ratio of 0.97.

Lawson Products (NASDAQ:LAWSGet Rating) last announced its earnings results on Thursday, February 24th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.20). Lawson Products had a net margin of 3.42% and a return on equity of 20.28%. The business had revenue of $102.07 million for the quarter, compared to analysts’ expectations of $102.39 million. Equities research analysts expect that Lawson Products will post 2.23 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. State Street Corp raised its stake in Lawson Products by 1.8% in the first quarter. State Street Corp now owns 95,493 shares of the industrial products company’s stock worth $3,680,000 after buying an additional 1,690 shares in the last quarter. Invesco Ltd. raised its stake in Lawson Products by 22.0% in the first quarter. Invesco Ltd. now owns 6,962 shares of the industrial products company’s stock worth $268,000 after buying an additional 1,255 shares in the last quarter. UBS Group AG raised its stake in Lawson Products by 32.3% in the first quarter. UBS Group AG now owns 1,815 shares of the industrial products company’s stock worth $70,000 after buying an additional 443 shares in the last quarter. KBC Group NV raised its stake in Lawson Products by 66.9% in the first quarter. KBC Group NV now owns 2,426 shares of the industrial products company’s stock worth $93,000 after buying an additional 972 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Lawson Products in the first quarter worth approximately $301,000. 88.18% of the stock is owned by institutional investors.

Lawson Products Company Profile (Get Rating)

Lawson Products, Inc sells and distributes specialty products to the industrial, commercial, institutional, and government maintenance, repair, and operations market. It sells its products to customers in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. The company was founded in 1952 and is headquartered in Chicago, Illinois.

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