TheStreet Downgrades Lawson Products (LAWS) to C+

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Lawson Products (NASDAQ:LAWS) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Friday.

LAWS has been the topic of a number of other reports. Barrington Research restated a “buy” rating and set a $35.00 target price on shares of Lawson Products in a research report on Wednesday, October 24th. BidaskClub upgraded shares of Lawson Products from a “sell” rating to a “hold” rating in a research report on Sunday, August 5th. Zacks Investment Research upgraded shares of Lawson Products from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Wednesday, October 24th. Finally, ValuEngine upgraded shares of Lawson Products from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.00.

Shares of LAWS opened at $32.56 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.88 and a current ratio of 1.67. The company has a market cap of $283.29 million, a PE ratio of 63.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.46. Lawson Products has a 12-month low of $21.00 and a 12-month high of $36.90.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Lawson Products by 11.2% during the second quarter. BlackRock Inc. now owns 510,543 shares of the industrial products company’s stock worth $12,432,000 after purchasing an additional 51,516 shares during the period. Granahan Investment Management Inc. MA lifted its holdings in shares of Lawson Products by 13.4% during the second quarter. Granahan Investment Management Inc. MA now owns 289,781 shares of the industrial products company’s stock worth $7,056,000 after purchasing an additional 34,340 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Lawson Products by 14.9% during the second quarter. Gamco Investors INC. ET AL now owns 202,340 shares of the industrial products company’s stock worth $4,927,000 after purchasing an additional 26,202 shares during the period. Cadence Capital Management LLC lifted its holdings in shares of Lawson Products by 12.2% during the second quarter. Cadence Capital Management LLC now owns 98,823 shares of the industrial products company’s stock worth $2,406,000 after purchasing an additional 10,715 shares during the period. Finally, Ramsey Quantitative Systems lifted its holdings in shares of Lawson Products by 102.4% during the third quarter. Ramsey Quantitative Systems now owns 17,640 shares of the industrial products company’s stock worth $598,000 after purchasing an additional 8,924 shares during the period. Institutional investors and hedge funds own 66.21% of the company’s stock.

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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