Lawson Products, Inc. (NASDAQ:LAWS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Lawson Products, Inc. is a distributor of expendable maintenance, repair & replacement products. It also distributes production components to the O.E.M. marketplace. These products may be divided into 3 broad categories: Fasteners, Fittings & Related Parts, such as screws, nuts, & other fasteners; Industrial Supplies, such as hoses, lubricants, adhesives & other chemicals, as well as files, drills, & other shop supplies; & Automotive & Equipment Maintenance Parts, such as primary wiring, connectors & other electrical supplies, exhaust & other automotive parts. “

Separately, KeyCorp reiterated a “hold” rating on shares of Lawson Products in a research report on Sunday, September 17th.

Lawson Products (NASDAQ LAWS) opened at 25.20 on Wednesday. The stock has a market cap of $223.62 million, a price-to-earnings ratio of 42.42 and a beta of 1.58. Lawson Products has a 12 month low of $16.69 and a 12 month high of $28.10. The stock’s 50 day moving average price is $23.93 and its 200-day moving average price is $22.09.

Lawson Products (NASDAQ:LAWS) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.10. The firm had revenue of $75.01 million during the quarter, compared to the consensus estimate of $72.41 million. Lawson Products had a net margin of 1.85% and a return on equity of 2.54%. Equities research analysts predict that Lawson Products will post $0.54 EPS for the current year.

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In other Lawson Products news, EVP Neil E. Jenkins sold 5,662 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.48, for a total value of $127,281.76. Following the completion of the sale, the executive vice president now owns 12,607 shares of the company’s stock, valued at $283,405.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 18.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Lawson Products in the 1st quarter valued at about $132,000. Wells Fargo & Company MN lifted its stake in shares of Lawson Products by 19.0% in the first quarter. Wells Fargo & Company MN now owns 6,253 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 1,000 shares during the period. Menta Capital LLC lifted its stake in shares of Lawson Products by 7.0% in the first quarter. Menta Capital LLC now owns 12,286 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 800 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Lawson Products by 6.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 900 shares during the period. Finally, Blair William & Co. IL lifted its stake in shares of Lawson Products by 53.3% in the first quarter. Blair William & Co. IL now owns 20,131 shares of the industrial products company’s stock valued at $497,000 after purchasing an additional 7,000 shares during the period. 64.21% of the stock is currently owned by institutional investors and hedge funds.

About Lawson Products

Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.

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