The FY2016 Earnings Forecast for the Lawson Products Inc. (LAWS) Issued By Barrington Research

The FY2016 Earnings Forecast for the Lawson Products Inc. (LAWS) Issued By Barrington Research

Lawson Products Inc. (NASDAQ:LAWS) – Barrington Research decreased their FY2016 earnings per share (EPS) estimates for Lawson Products in a report released on Wednesday. Barrington Research analyst K. Steinke now anticipates that the brokerage will earn $0.02 per share for the year, down from their previous forecast of $0.13. Barrington Research also issued estimates for Lawson Products’ Q4 2016 earnings at ($0.32) EPS and FY2017 earnings at $0.23 EPS.

Separately, Zacks Investment Research upgraded shares of Lawson Products from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, October 21st.

Shares of Lawson Products (NASDAQ:LAWS) remained flat at $24.55 on Friday. The company’s stock had a trading volume of 5,386 shares. Lawson Products has a one year low of $15.23 and a one year high of $25.80. The firm’s market cap is $215.99 million. The stock’s 50 day moving average is $23.10 and its 200 day moving average is $19.51.

In related news, major shareholder Private Discipline Master Lkcm purchased 300,000 shares of the business’s stock in a transaction on Wednesday, November 30th. The shares were acquired at an average price of $23.45 per share, for a total transaction of $7,035,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ronald J. Knutson sold 16,211 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $23.54, for a total transaction of $381,606.94. Following the transaction, the chief financial officer now owns 25,225 shares in the company, valued at approximately $593,796.50. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. King Luther Capital Management Corp raised its position in shares of Lawson Products by 4.2% in the third quarter. King Luther Capital Management Corp now owns 1,678,088 shares of the company’s stock worth $29,753,000 after buying an additional 67,026 shares during the last quarter. KDI Capital Partners LLC raised its position in shares of Lawson Products by 2.1% in the third quarter. KDI Capital Partners LLC now owns 853,256 shares of the company’s stock worth $15,128,000 after buying an additional 17,418 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Lawson Products by 0.4% in the second quarter. Vanguard Group Inc. now owns 211,079 shares of the company’s stock worth $4,192,000 after buying an additional 921 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Lawson Products by 0.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 191,725 shares of the company’s stock worth $3,399,000 after buying an additional 1,183 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Lawson Products by 7.5% in the second quarter. BlackRock Fund Advisors now owns 164,281 shares of the company’s stock worth $3,263,000 after buying an additional 11,510 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company’s stock.

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