Lawson Products, Inc. (NASDAQ:LAWS) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its holdings in Lawson Products, Inc. (NASDAQ:LAWS) by 5.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 72,000 shares of the industrial products company’s stock after buying an additional 4,000 shares during the quarter. Royce & Associates LP owned about 0.80% of Lawson Products worth $2,258,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in shares of 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 buying an additional 1,263 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in Lawson Products in the 4th quarter worth approximately $74,000. MetLife Investment Advisors LLC purchased a new position in Lawson Products in the 4th quarter worth approximately $101,000. Bank of America Corp DE lifted its holdings in Lawson Products by 33.3% in the 4th quarter. Bank of America Corp DE now owns 4,675 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 1,169 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Lawson Products by 180.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,856 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 3,766 shares in the last quarter. Institutional investors and hedge funds own 85.97% of the company’s stock.

In other Lawson Products news, SVP Matthew Jay Brown sold 1,636 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $38.93, for a total value of $63,689.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark F. Moon acquired 1,696 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average cost of $34.92 per share, for a total transaction of $59,224.32. Following the transaction, the director now directly owns 3,705 shares in the company, valued at $129,378.60. The disclosure for this purchase can be found here. Insiders own 51.90% of the company’s stock.

LAWS has been the topic of a number of research analyst reports. ValuEngine raised Lawson Products from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. TheStreet raised Lawson Products from a “c+” rating to a “b” rating in a report on Friday, March 1st. BidaskClub cut Lawson Products from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Zacks Investment Research cut Lawson Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Lawson Products in a report on Friday, March 8th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Lawson Products presently has a consensus rating of “Buy” and a consensus price target of $36.00.

Shares of LAWS traded up $1.08 during mid-day trading on Friday, hitting $36.73. 326,700 shares of the stock were exchanged, compared to its average volume of 23,595. The stock has a market cap of $307.37 million, a P/E ratio of 46.49, a PEG ratio of 1.13 and a beta of 0.83. Lawson Products, Inc. has a 52-week low of $23.19 and a 52-week high of $40.36. The stock has a 50-day simple moving average of $36.16. The company has a current ratio of 1.76, a quick ratio of 0.88 and a debt-to-equity ratio of 0.11.

Lawson Products (NASDAQ:LAWS) last released its earnings results on Thursday, April 18th. The industrial products company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.15. The firm had revenue of $91.34 million for the quarter, compared to the consensus estimate of $89.77 million. Lawson Products had a return on equity of 9.19% and a net margin of 2.56%. On average, analysts predict that Lawson Products, Inc. will post 1.73 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Lawson Products (NASDAQ:LAWS)

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