Lawson Products, Inc. (NASDAQ:LAWS) shares hit a new 52-week high on Tuesday . The stock traded as high as $37.39 and last traded at $37.34, with a volume of 117341 shares. The stock had previously closed at $33.50.
Several research analysts have weighed in on the company. BidaskClub raised Lawson Products from a “hold” rating to a “buy” rating in a research report on Tuesday. Barrington Research set a $37.00 target price on Lawson Products and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Zacks Investment Research raised Lawson Products from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Thursday, March 7th. Finally, TheStreet raised Lawson Products from a “c+” rating to a “b” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Strong Buy” and a consensus price target of $36.00.
The company has a quick ratio of 0.88, a current ratio of 1.76 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $334.90 million, a price-to-earnings ratio of 47.27, a PEG ratio of 1.10 and a beta of 1.00.
In related news, major shareholder King Luther Capital Management acquired 37,707 shares of the stock in a transaction dated Wednesday, April 17th. The shares were acquired at an average price of $32.00 per share, with a total value of $1,206,624.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 51.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its stake in Lawson Products by 820.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,417 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 1,263 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in Lawson Products during the 4th quarter valued at approximately $74,000. MetLife Investment Advisors LLC bought a new stake in Lawson Products during the 4th quarter valued at approximately $101,000. JPMorgan Chase & Co. boosted its stake in Lawson Products by 100.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,286 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 2,145 shares during the period. Finally, Bank of America Corp DE boosted its stake in Lawson Products by 33.3% during the 4th quarter. Bank of America Corp DE now owns 4,675 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 1,169 shares during the period. Hedge funds and other institutional investors own 66.67% of the company’s stock.
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About Lawson Products (NASDAQ:LAWS)
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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