Zacks: Lawson Products, Inc. (LAWS) Given Consensus Rating of “Buy” by Analysts

Lawson Products, Inc. (NASDAQ:LAWS) has been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Analysts have set a twelve-month consensus price objective of $30.00 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also given Lawson Products an industry rank of 60 out of 265 based on the ratings given to related companies.

Several research firms recently commented on LAWS. Zacks Investment Research raised Lawson Products from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, October 18th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 target price (up from $27.00) on shares of Lawson Products in a report on Thursday, November 2nd. KeyCorp reaffirmed a “hold” rating on shares of Lawson Products in a report on Sunday, September 17th. Finally, TheStreet raised Lawson Products from a “c+” rating to a “b” rating in a report on Thursday, October 5th.

Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in Lawson Products by 10.1% during the second quarter. Northern Trust Corp now owns 75,770 shares of the industrial products company’s stock worth $1,678,000 after acquiring an additional 6,968 shares during the period. King Luther Capital Management Corp grew its holdings in Lawson Products by 0.7% in the second quarter. King Luther Capital Management Corp now owns 2,225,414 shares of the industrial products company’s stock valued at $49,293,000 after purchasing an additional 14,710 shares during the period. Cadence Capital Management LLC grew its holdings in Lawson Products by 23.8% in the third quarter. Cadence Capital Management LLC now owns 67,603 shares of the industrial products company’s stock valued at $1,704,000 after purchasing an additional 12,993 shares during the period. Granite Investment Partners LLC acquired a new stake in Lawson Products in the third quarter valued at approximately $504,000. Finally, Daruma Capital Management LLC grew its holdings in Lawson Products by 29.6% in the second quarter. Daruma Capital Management LLC now owns 68,655 shares of the industrial products company’s stock valued at $1,521,000 after purchasing an additional 15,672 shares during the period. 64.45% of the stock is currently owned by hedge funds and other institutional investors.

Lawson Products (NASDAQ:LAWS) opened at $24.75 on Monday. Lawson Products has a 12 month low of $18.70 and a 12 month high of $28.10. The stock has a market capitalization of $224.42, a PE ratio of 48.53, a PEG ratio of 3.24 and a beta of 1.60. The company has a quick ratio of 1.41, a current ratio of 2.42 and a debt-to-equity ratio of 0.09.

Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $75.65 million during the quarter, compared to analysts’ expectations of $74.16 million. Lawson Products had a return on equity of 1.72% and a net margin of 1.64%. research analysts anticipate that Lawson Products will post 0.51 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.chaffeybreeze.com/2018/01/01/zacks-lawson-products-inc-laws-given-consensus-rating-of-buy-by-analysts.html.

Lawson Products Company Profile

Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.

Get a free copy of the Zacks research report on Lawson Products (LAWS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lawson Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lawson Products and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply