Lawson Products, Inc. (NASDAQ:LAWS) SVP Matthew Jay Brown Sells 1,713 Shares

Lawson Products, Inc. (NASDAQ:LAWS) SVP Matthew Jay Brown sold 1,713 shares of Lawson Products stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $40.94, for a total value of $70,130.22. The transaction was disclosed in a document filed with the SEC, which is available at this link.

LAWS traded down $0.08 on Wednesday, hitting $40.82. 25,144 shares of the company traded hands, compared to its average volume of 19,965. Lawson Products, Inc. has a 12-month low of $24.52 and a 12-month high of $58.28. The company has a 50 day moving average of $35.63 and a 200-day moving average of $32.93. The company has a quick ratio of 1.28, a current ratio of 2.67 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $367.71 million, a PE ratio of 25.84, a PEG ratio of 0.98 and a beta of 1.38.

Lawson Products (NASDAQ:LAWS) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.20). Lawson Products had a net margin of 4.31% and a return on equity of 7.94%. The company had revenue of $72.15 million during the quarter, compared to analyst estimates of $71.77 million. On average, research analysts anticipate that Lawson Products, Inc. will post 2.36 EPS for the current year.

Several research analysts have commented on the company. BidaskClub raised Lawson Products from a “sell” rating to a “hold” rating in a research report on Thursday, August 6th. Zacks Investment Research lowered shares of Lawson Products from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Finally, Barrington Research reiterated a “buy” rating and issued a $44.00 price target on shares of Lawson Products in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $41.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Advisers LP lifted its holdings in shares of Lawson Products by 11.0% in the 2nd quarter. Two Sigma Advisers LP now owns 10,100 shares of the industrial products company’s stock valued at $326,000 after buying an additional 1,000 shares during the period. Charles Schwab Investment Management Inc. raised its position in Lawson Products by 5.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 12,606 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 702 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Lawson Products by 1.8% in the second quarter. Gamco Investors INC. ET AL now owns 193,100 shares of the industrial products company’s stock valued at $6,229,000 after acquiring an additional 3,400 shares during the period. Bank of Montreal Can boosted its position in shares of Lawson Products by 41.0% during the 2nd quarter. Bank of Montreal Can now owns 35,258 shares of the industrial products company’s stock worth $1,019,000 after purchasing an additional 10,257 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Lawson Products by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,751 shares of the industrial products company’s stock worth $960,000 after purchasing an additional 904 shares during the period. 86.76% of the stock is currently owned by institutional investors.

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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