Lawson Products (NASDAQ:LAWS) Downgraded by BidaskClub to Sell

BidaskClub cut shares of Lawson Products (NASDAQ:LAWS) from a hold rating to a sell rating in a research report released on Saturday, BidAskClub reports.

Several other research firms have also issued reports on LAWS. Zacks Investment Research raised Lawson Products from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Wednesday, June 24th. TheStreet raised Lawson Products from a c rating to a b- rating in a research note on Friday, May 1st. Finally, Barrington Research initiated coverage on Lawson Products in a research note on Thursday, May 28th. They set a buy rating and a $44.00 price target for the company. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $41.00.

NASDAQ:LAWS opened at $32.11 on Friday. The firm has a market capitalization of $270.34 million, a price-to-earnings ratio of 19.46, a P/E/G ratio of 0.67 and a beta of 1.43. Lawson Products has a 52-week low of $24.52 and a 52-week high of $58.28. The stock has a fifty day moving average of $32.39 and a 200 day moving average of $39.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.45 and a current ratio of 2.99.

Lawson Products (NASDAQ:LAWS) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.84. The company had revenue of $91.04 million during the quarter, compared to analyst estimates of $94.17 million. Lawson Products had a return on equity of 12.71% and a net margin of 4.21%. Equities analysts forecast that Lawson Products will post 2.55 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of LAWS. BNP Paribas Arbitrage SA lifted its stake in Lawson Products by 118.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,291 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 699 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Lawson Products by 69.8% in the first quarter. Citigroup Inc. now owns 1,423 shares of the industrial products company’s stock worth $38,000 after buying an additional 585 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of Lawson Products in the fourth quarter worth about $65,000. Russell Investments Group Ltd. increased its holdings in shares of Lawson Products by 20.5% in the first quarter. Russell Investments Group Ltd. now owns 5,300 shares of the industrial products company’s stock worth $141,000 after buying an additional 900 shares during the period. Finally, Moneta Group Investment Advisors LLC purchased a new position in shares of Lawson Products in the fourth quarter worth about $208,000. 85.70% of the stock is owned by hedge funds and other institutional investors.

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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