Lawson Products (NASDAQ:LAWS) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Lawson Products (NASDAQ:LAWS) from a buy rating to a strong-buy rating in a research note published on Saturday morning, BidAskClub reports.

LAWS has been the subject of several other reports. Barrington Research increased their price target on shares of Lawson Products from $44.00 to $52.00 and gave the stock an outperform rating in a research note on Friday, October 25th. Zacks Investment Research upgraded shares of Lawson Products from a hold rating to a strong-buy rating and set a $61.00 price target for the company in a research note on Saturday, January 4th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $56.50.

Shares of NASDAQ LAWS opened at $55.80 on Friday. The company has a current ratio of 1.89, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09. Lawson Products has a 12 month low of $28.15 and a 12 month high of $58.28. The firm has a market capitalization of $503.73 million, a PE ratio of 70.63, a price-to-earnings-growth ratio of 1.56 and a beta of 1.11. The firm has a fifty day simple moving average of $52.61 and a two-hundred day simple moving average of $43.75.

Lawson Products (NASDAQ:LAWS) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. Lawson Products had a net margin of 3.48% and a return on equity of 18.01%. The business had revenue of $94.78 million during the quarter, compared to analyst estimates of $93.37 million. On average, sell-side analysts predict that Lawson Products will post 1.29 earnings per share for the current year.

In other Lawson Products news, CEO Michael G. Decata purchased 608 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average cost of $46.49 per share, for a total transaction of $28,265.92. Following the purchase, the chief executive officer now directly owns 34,910 shares in the company, valued at $1,622,965.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manik Gupta sold 3,444 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $28.15, for a total transaction of $96,948.60. 51.90% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC increased its stake in shares of Lawson Products by 132.2% in the 3rd quarter. Squarepoint Ops LLC now owns 24,677 shares of the industrial products company’s stock worth $956,000 after acquiring an additional 14,051 shares in the last quarter. Granahan Investment Management Inc. MA increased its stake in shares of Lawson Products by 4.4% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 320,927 shares of the industrial products company’s stock worth $12,430,000 after acquiring an additional 13,433 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Lawson Products in the 3rd quarter worth about $55,000. California Public Employees Retirement System increased its stake in shares of Lawson Products by 4.0% in the 3rd quarter. California Public Employees Retirement System now owns 9,603 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 373 shares in the last quarter. Finally, Hodges Capital Management Inc. bought a new position in shares of Lawson Products in the 2nd quarter worth about $203,000. Institutional investors own 85.02% of the company’s stock.

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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