Lawson Products (LAWS) Gets a Buy Rating from Barrington

Barrington analyst Kevin Steinke maintained a Buy rating on Lawson Products (LAWSResearch Report) today and set a price target of $64.00. The company’s shares closed last Tuesday at $53.39.

According to TipRanks.com, Steinke is a 5-star analyst with an average return of 17.1% and a 60.7% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Heritage-Crystal Clean, and Heidrick & Struggles.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lawson Products with a $64.00 average price target.

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Based on Lawson Products’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $98.13 million and net profit of $223K. In comparison, last year the company earned revenue of $88.57 million and had a GAAP net loss of $3.01 million.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LAWS in relation to earlier this year.

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Lawson Products, Inc. engages in distribution of maintenance and repair products to the industrial, commercial, institutional and government market. It operates through Lawson and Bolt segments. The Lawson segment focuses in the large network of sales representatives to visit the customer at the customers’ location and produce sales orders for product that is then shipped to the customer, and also provides vendor managed inventory (VMI) services. The Bolt segment sells product to customers when the customers visit one of Bolt’s 14 branch locations and the product is delivered to the customers at the point of sale. The company was founded by Sidney L. Port in 1952 and is headquartered in Chicago, IL.