Lawson Products (NASDAQ: LAWS) upgraded to “Hold” by Zacks Investment Research
Lawson Products (NASDAQ: LAWS) was upgraded by Zacks Investment Research from a “sell” rating to a “conservation” rating in a report released Tuesday, Zacks.com reports.
According to Zacks, “Lawson Products, Inc. is a distributor of consumable maintenance, repair and replacement products. It also distributes production components to the OEM market. These products can be divided into 3 broad categories: fasteners, fittings and related parts, such as screws, nuts and other fasteners; Industrial supplies, such as hoses, lubricants, adhesives and other chemicals, as well as files, drills and other shop supplies; & Service parts for automotive and equipment, such as main wiring, connectors and other electrical supplies, exhaust and other automotive parts. “
Separately, TheStreet upped Lawson Products shares from a “c +” rating to a “b” rating in a research note on Monday, November 1.
NASDAQ LAWS opened at $ 53.30 on Tuesday. The company’s fifty-day moving average price is $ 50.64. The company has a market cap of $ 483.86 million, a PE ratio of 48.02 and a beta of 1.02. The company has a debt ratio of 0.08, a current ratio of 1.95, and a quick ratio of 0.97. Lawson Products has a one-year low at $ 44.15 and a one-year high at $ 62.10.
Lawson Products (NASDAQ: LAWS) last released its quarterly results on Thursday, October 28. The industrials company reported earnings per share (EPS) of $ 0.77 for the quarter, beating Zacks’ consensus estimate of $ 0.62 by $ 0.15. The company posted revenue of $ 105.57 million in the quarter, compared to analysts’ estimates of $ 107.21 million. Lawson Products reported a return on equity of 11.94% and a net margin of 2.52%. As a group, analysts expect Lawson Products to post 2.03 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of LAWS. Royal Bank of Canada increased its position in Lawson Products shares by 58.8% in the third quarter. Royal Bank of Canada now owns 548 shares of the industrial products company valued at $ 27,000 after acquiring 203 additional shares during the period. WINTON GROUP Ltd increased its position in Lawson Products shares by 5.4% in the third quarter. WINTON GROUP Ltd. now owns 6,675 shares of the industrial products company valued at $ 334,000 after acquiring 343 additional shares during the period. Invesco Ltd. increased its position in Lawson Products shares 6.3% in the second quarter. Invesco Ltd. now owns 6,037 shares of the industrial products company valued at $ 323,000 after acquiring 359 additional shares during the period. Charles Schwab Investment Management Inc. increased its position in Lawson Products shares by 4.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 13,291 shares of the industrial products company valued at $ 712,000 after acquiring an additional 572 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Lawson Products shares by 384.7% in the third quarter. BNP Paribas Arbitrage SA now owns 950 shares of the industrial products company valued at $ 48,000 after acquiring 754 additional shares during the period. Institutional investors hold 83.81% of the company’s shares.
About Lawson Products
Lawson Products, Inc is engaged in the distribution of maintenance and repair products to the industrial, commercial, institutional and government markets. It operates through the Lawson and Bolt segments. The Lawson segment focuses on the large network of sales representatives to visit the customer at the customer’s premises and produce sales orders for the product which is then shipped to the customer, and also provides Supplier Managed Inventory (VMI) services. .
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