Lawson Products (NASDAQ:LAWS) Downgraded by StockNews.com to Buy

Lawson Products (NASDAQ:LAWSGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Separately, TheStreet cut shares of Lawson Products from a “b” rating to a “c+” rating in a research note on Thursday, February 24th.

Lawson Products has a 1-year low of $33.92 and a 1-year high of $62.10. The company has a current ratio of 2.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $37.66. The stock has a market capitalization of $368.47 million, a price-to-earnings ratio of 25.75 and a beta of 0.98.

Lawson Products (NASDAQ:LAWSGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.20). Lawson Products had a return on equity of 20.28% and a net margin of 3.42%. The firm had revenue of $102.07 million during the quarter, compared to analyst estimates of $102.39 million. As a group, sell-side analysts predict that Lawson Products will post 2.23 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY acquired a new stake in shares of Lawson Products during the 3rd quarter worth approximately $66,000. Geode Capital Management LLC grew its holdings in shares of Lawson Products by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 115,801 shares of the industrial products company’s stock worth $5,791,000 after purchasing an additional 1,002 shares in the last quarter. Barclays PLC grew its holdings in shares of Lawson Products by 223.1% during the 3rd quarter. Barclays PLC now owns 1,945 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 1,343 shares in the last quarter. Polar Asset Management Partners Inc. grew its stake in shares of Lawson Products by 143.7% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 201,071 shares of the industrial products company’s stock valued at $10,056,000 after purchasing an additional 118,551 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Lawson Products in the 3rd quarter valued at approximately $230,000. 88.18% of the stock is owned by institutional investors.

Lawson Products Company Profile (Get Rating)

Lawson Products, Inc sells and distributes specialty products to the industrial, commercial, institutional, and government maintenance, repair, and operations market. It sells its products to customers in the United States, Puerto Rico, Canada, Mexico, and the Caribbean. The company was founded in 1952 and is headquartered in Chicago, Illinois.

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