Worth Watching: What’s in Lawson Products, Inc. After Today’s Gap Down?

Worth Watching: What's in Lawson Products, Inc. After Today's Gap Down?

The stock of Lawson Products, Inc. (NASDAQ:LAWS) gapped down by $0.05 today and has $15.63 target or 10.00% below today’s $17.37 share price. The 8 months technical chart setup indicates high risk for the $154.98 million company. The gap down was reported on Oct, 4 by Barchart.com. If the $15.63 price target is reached, the company will be worth $15.50M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 2.03% or $0.36 during the last trading session, hitting $17.37. About 24,956 shares traded hands or 110.94% up from the average. Lawson Products, Inc. (NASDAQ:LAWS) has risen 4.70% since March 1, 2016 and is uptrending. It has underperformed by 7.51% the S&P500.

Analysts await Lawson Products, Inc. (NASDAQ:LAWS) to report earnings on October, 27. They expect $0.04 earnings per share, down 85.19% or $0.23 from last year’s $0.27 per share. LAWS’s profit will be $356,891 for 108.56 P/E if the $0.04 EPS becomes a reality. After $0.02 actual earnings per share reported by Lawson Products, Inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Lawson Products, Inc. (NASDAQ:LAWS) Ratings Coverage

Out of 2 analysts covering Lawson Products Inc (NASDAQ:LAWS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Lawson Products Inc has been the topic of 3 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, July 22 by Barrington Research. The firm earned “Overweight” rating on Tuesday, July 21 by KeyBanc Capital Markets.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.13, from 1.04 in 2016Q1. The ratio is positive, as 5 funds sold all Lawson Products, Inc. shares owned while 18 reduced positions. 7 funds bought stakes while 20 increased positions. They now own 5.52 million shares or 1.65% less from 5.61 million shares in 2016Q1.
Moreover, Jpmorgan Chase & Co has 0% invested in Lawson Products, Inc. (NASDAQ:LAWS) for 162 shares. Oxford Asset Mgmt reported 30,355 shares or 0.03% of all its holdings. Tower Rech Cap Limited Co (Trc) holds 0% of its portfolio in Lawson Products, Inc. (NASDAQ:LAWS) for 259 shares. Morgan Stanley owns 3,640 shares or 0% of their US portfolio. Natl Bank Of New York Mellon Corp last reported 0% of its portfolio in the stock. The California-based Wells Fargo Mn has invested 0% in Lawson Products, Inc. (NASDAQ:LAWS). Moreover, Gamco Investors Et Al has 0.03% invested in Lawson Products, Inc. (NASDAQ:LAWS) for 214,525 shares. Citigroup holds 0% of its portfolio in Lawson Products, Inc. (NASDAQ:LAWS) for 632 shares. Acadian Asset Mgmt Ltd Limited Liability Company last reported 26,142 shares in the company. Granahan Ma has invested 0.18% of its portfolio in Lawson Products, Inc. (NASDAQ:LAWS). State Street accumulated 0% or 58,157 shares. Geode Cap Management Ltd Liability Co owns 41,159 shares or 0% of their US portfolio. Blackrock Invest Mgmt Ltd Company last reported 23,350 shares in the company. Natl Bank Of America De holds 0% or 119 shares in its portfolio. Moreover, Lord Abbett Co Limited Liability Co has 0.01% invested in Lawson Products, Inc. (NASDAQ:LAWS) for 119,200 shares.

Insider Transactions: Since July 26, 2016, the stock had 6 insider purchases, and 5 insider sales for $1.08 million net activity. $161,277 worth of Lawson Products, Inc. (NASDAQ:LAWS) was bought by Postek Thomas on Friday, September 9. Shares for $38,106 were sold by JENKINS NEIL E on Monday, August 29. 31,450 shares were bought by KING LUTHER CAPITAL MANAGEMENT CORP, worth $522,070. DeCata Michael G bought $18,052 worth of stock. McCarthy Shane sold $31,042 worth of Lawson Products, Inc. (NASDAQ:LAWS) on Wednesday, September 7.

More important recent Lawson Products, Inc. (NASDAQ:LAWS) news were published by: Quotes.Wsj.com which released: “News Lawson Products Inc.LAWS” on February 11, 2011, also Businesswire.com published article titled: “Lawson Products Reports Second Quarter 2016 Results”, Zacks.com published: “What Falling Estimates amp; Price Mean for Lawson Products (LAWS)” on August 10, 2016. More interesting news about Lawson Products, Inc. (NASDAQ:LAWS) was released by: Businesswire.com and their article: “Lawson Products Reports First Quarter 2016 Results” with publication date: April 28, 2016.

LAWS Company Profile

Lawson Products, Inc., incorporated on April 16, 1982, is a distributor of services and products to the industrial, commercial, institutional, and governmental maintenance, repair and activities (MRO) marketplace. 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. The Firm offers approximately 200,000 different core products for sale of which approximately 50,000 products are maintained in its distribution centers.

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

Leave a Comment