Gabelli Funds LLC Has $3.21 Million Holdings in Lawson Products, Inc. (NASDAQ:LAWS)

Gabelli Funds LLC cut its stake in Lawson Products, Inc. (NASDAQ:LAWS) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,900 shares of the industrial products company’s stock after selling 6,600 shares during the period. Gabelli Funds LLC owned about 0.93% of Lawson Products worth $3,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can grew its position in Lawson Products by 88.3% during the 2nd quarter. Bank of Montreal Can now owns 706 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 331 shares during the last quarter. KBC Group NV bought a new stake in Lawson Products during the 2nd quarter worth approximately $44,000. Morgan Stanley grew its position in Lawson Products by 53.9% during the 2nd quarter. Morgan Stanley now owns 2,082 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 729 shares during the last quarter. Hodges Capital Management Inc. bought a new stake in Lawson Products during the 2nd quarter worth approximately $203,000. Finally, Cavalier Investments LLC bought a new stake in Lawson Products during the 2nd quarter worth approximately $219,000. Institutional investors and hedge funds own 85.18% of the company’s stock.

A number of research firms recently commented on LAWS. Barrington Research increased their price target on Lawson Products from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. ValuEngine lowered Lawson Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. BidaskClub lowered Lawson Products from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Zacks Investment Research lowered Lawson Products from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $50.50.

LAWS traded up $0.43 during mid-day trading on Friday, reaching $47.80. The stock had a trading volume of 12,500 shares, compared to its average volume of 24,178. The firm’s fifty day simple moving average is $42.19 and its two-hundred day simple moving average is $38.34. Lawson Products, Inc. has a 52 week low of $28.10 and a 52 week high of $48.83. The stock has a market capitalization of $420.93 million, a P/E ratio of 60.51, a P/E/G ratio of 1.78 and a beta of 1.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 1.89.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The company had revenue of $94.78 million during the quarter, compared to analysts’ expectations of $93.37 million. Lawson Products had a return on equity of 18.01% and a net margin of 3.48%. As a group, analysts expect that Lawson Products, Inc. will post 1.51 EPS for the current fiscal year.

In related news, CEO Michael G. Decata acquired 608 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of $46.49 per share, for a total transaction of $28,265.92. Following the acquisition, the chief executive officer now directly owns 34,910 shares of the company’s stock, valued at $1,622,965.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 51.90% of the stock is owned by company insiders.

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.

Featured Story: If I purchase shares through a brokerage account, am I the holder of record?

Want to see what other hedge funds are holding LAWS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lawson Products, Inc. (NASDAQ:LAWS).

Institutional Ownership by Quarter for Lawson Products (NASDAQ:LAWS)

Leave a Reply

Your email address will not be published. Required fields are marked *

*