Fastenal FY2025 EPS Forecast Increased by William Blair

Fastenal Company (NASDAQ:FAST - Free Report) - Investment analysts at William Blair boosted their FY2025 EPS estimates for shares of Fastenal in a research report issued to clients and investors on Monday, July 14th. William Blair analyst R. Merkel now anticipates that the company will post earnings of $1.13 per share for the year, up from their prior forecast of $1.11. The consensus estimate for Fastenal's current full-year earnings is $2.15 per share. William Blair also issued estimates for Fastenal's Q4 2025 earnings at $0.28 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.30 EPS, FY2026 earnings at $1.25 EPS and FY2027 earnings at $1.35 EPS.

Fastenal (NASDAQ:FAST - Get Free Report) last posted its quarterly earnings results on Monday, July 14th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. Fastenal had a return on equity of 32.33% and a net margin of 15.30%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS.

A number of other brokerages also recently issued reports on FAST. Wolfe Research reissued a "positive" rating on shares of Fastenal in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Fastenal from $38.00 to $41.00 and gave the company a "neutral" rating in a report on Tuesday. Robert W. Baird upped their target price on shares of Fastenal from $43.00 to $47.00 and gave the company a "neutral" rating in a research report on Tuesday. Loop Capital reaffirmed a "hold" rating on shares of Fastenal in a research note on Tuesday. Finally, Stephens upped their target price on shares of Fastenal from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.64.

Fastenal Stock Performance

Shares of NASDAQ FAST traded up $0.19 during trading on Wednesday, reaching $45.79. 7,329,656 shares of the company traded hands, compared to its average volume of 6,038,686. Fastenal has a 12-month low of $32.04 and a 12-month high of $46.04. The stock has a market cap of $52.53 billion, a P/E ratio of 44.00, a PEG ratio of 4.15 and a beta of 0.96. The firm's fifty day simple moving average is $41.82 and its 200 day simple moving average is $39.33. The company has a current ratio of 4.22, a quick ratio of 2.14 and a debt-to-equity ratio of 0.03.

Fastenal Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, July 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, July 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.92%. Fastenal's dividend payout ratio (DPR) is 84.62%.

Insider Buying and Selling

In related news, EVP Anthony Paul Broersma sold 11,136 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $40.60, for a total transaction of $452,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Lewis Soderberg sold 32,724 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $41.23, for a total value of $1,349,046.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,200 shares of company stock worth $6,675,975. Corporate insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On Fastenal

Several institutional investors have recently modified their holdings of the company. 1248 Management LLC acquired a new stake in Fastenal in the first quarter valued at $36,000. Horizon Financial Services LLC grew its stake in Fastenal by 5,330.0% in the 1st quarter. Horizon Financial Services LLC now owns 543 shares of the company's stock valued at $42,000 after acquiring an additional 533 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in Fastenal by 481.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 611 shares of the company's stock valued at $44,000 after acquiring an additional 506 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Fastenal during the 1st quarter valued at about $49,000. Finally, Armstrong Advisory Group Inc. raised its position in Fastenal by 100.0% during the second quarter. Armstrong Advisory Group Inc. now owns 696 shares of the company's stock worth $29,000 after acquiring an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company's stock.

Fastenal Company Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.