FY2025 EPS Estimates for Fastenal Boosted by William Blair

Fastenal Company (NASDAQ:FAST - Free Report) - Stock analysts at William Blair raised their FY2025 EPS estimates for shares of Fastenal in a note issued to investors on Monday, July 14th. William Blair analyst R. Merkel now expects that the company will post earnings of $1.13 per share for the year, up from their previous estimate 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 issued its quarterly earnings data on Monday, July 14th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. Fastenal had a return on equity of 32.33% and a net margin of 15.30%. Fastenal's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS.

A number of other research analysts have also issued reports on the company. Wolfe Research restated a "positive" rating on shares of Fastenal in a research report on Monday, July 14th. Robert W. Baird upped their price objective on shares of Fastenal from $43.00 to $47.00 and gave the stock a "neutral" rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Fastenal from $38.00 to $41.00 and gave the company a "neutral" rating in a research note on Tuesday. Stifel Nicolaus set a $82.00 price target on shares of Fastenal in a research note on Thursday, July 3rd. Finally, Loop Capital reiterated a "hold" rating on shares of Fastenal in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $45.64.

Fastenal Stock Performance

Shares of FAST stock traded up $0.18 on Wednesday, hitting $46.06. 7,628,211 shares of the stock traded hands, compared to its average volume of 6,031,955. The company has a market capitalization of $52.84 billion, a PE ratio of 44.29, a PEG ratio of 4.19 and a beta of 0.96. Fastenal has a 1-year low of $32.04 and a 1-year high of $46.30. The company's fifty day moving average is $42.08 and its 200 day moving average is $39.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.22 and a quick ratio of 2.14.

Fastenal Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, July 29th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, July 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.91%. Fastenal's dividend payout ratio is currently 84.62%.

Insider Activity at Fastenal

In other news, EVP Anthony Paul Broersma sold 11,136 shares of the company's 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, CFO Sheryl Ann Lisowski sold 21,052 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $45.21, for a total transaction of $951,760.92. Following the sale, the chief financial officer directly owned 10,192 shares of the company's stock, valued at $460,780.32. This represents a 67.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,252 shares of company stock worth $7,627,735. 0.37% of the stock is owned by corporate insiders.

Institutional Trading of Fastenal

Large investors have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. boosted its stake in shares of Fastenal by 100.0% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 696 shares of the company's stock valued at $29,000 after buying an additional 348 shares during the period. AdvisorNet Financial Inc boosted its position in Fastenal by 95.0% during the second quarter. AdvisorNet Financial Inc now owns 702 shares of the company's stock valued at $29,000 after purchasing an additional 342 shares during the last quarter. Clean Yield Group boosted its position in Fastenal by 100.0% during the second quarter. Clean Yield Group now owns 696 shares of the company's stock valued at $29,000 after purchasing an additional 348 shares during the last quarter. Garde Capital Inc. increased its position in Fastenal by 4,900.0% in the 2nd quarter. Garde Capital Inc. now owns 750 shares of the company's stock worth $32,000 after purchasing an additional 735 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in shares of Fastenal by 86.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 842 shares of the company's stock worth $35,000 after purchasing an additional 390 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

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.