Lawson Products (LAWS) Downgraded by BidaskClub to Sell

Lawson Products (NASDAQ:LAWS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

LAWS has been the topic of several other research reports. Barrington Research reissued a “buy” rating and set a $35.00 price target on shares of Lawson Products in a research report on Wednesday, October 24th. Zacks Investment Research raised shares of Lawson Products from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, October 31st. TheStreet cut shares of Lawson Products from a “b” rating to a “c+” rating in a research report on Friday, October 26th. Finally, ValuEngine raised shares of Lawson Products from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $36.50.

Shares of LAWS opened at $31.07 on Thursday. Lawson Products has a 52-week low of $21.00 and a 52-week high of $36.90. 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 firm has a market cap of $271.87 million, a price-to-earnings ratio of 76.20, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22.

Several hedge funds have recently made changes to their positions in the company. EAM Investors LLC acquired a new position in shares of Lawson Products during the 3rd quarter valued at about $765,000. Rhumbline Advisers acquired a new position in shares of Lawson Products during the 3rd quarter valued at about $257,000. JPMorgan Chase & Co. boosted its position in shares of Lawson Products by 100.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,286 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 2,145 shares during the last quarter. Cadence Capital Management LLC boosted its position in shares of Lawson Products by 18.7% during the 3rd quarter. Cadence Capital Management LLC now owns 117,326 shares of the industrial products company’s stock valued at $3,977,000 after acquiring an additional 18,503 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Lawson Products by 48.8% during the 3rd quarter. Acadian Asset Management LLC now owns 25,631 shares of the industrial products company’s stock valued at $870,000 after acquiring an additional 8,410 shares during the last quarter. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

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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