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NASDAQ:FAST

Fastenal (FAST) Stock Price, News & Analysis

$70.37
+1.31 (+1.90%)
(As of 07/26/2024 ET)
Today's Range
$68.81
$70.71
50-Day Range
$62.09
$70.37
52-Week Range
$53.83
$79.04
Volume
3.00 million shs
Average Volume
3.38 million shs
Market Capitalization
$40.30 billion
P/E Ratio
35.01
Dividend Yield
2.22%
Price Target
$66.67

Fastenal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
5.3% Downside
$66.67 Price Target
Short Interest
Bearish
2.79% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
0.76mentions of Fastenal in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$732,192 Sold Last Quarter
Proj. Earnings Growth
7.77%
From $2.06 to $2.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.95 out of 5 stars

Retail/Wholesale Sector

74th out of 201 stocks

Building Materials, Hardware, Garden Supply & Mobile Home Dealers Industry

3rd out of 6 stocks

FAST stock logo

About Fastenal Stock (NASDAQ:FAST)

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. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations customers; non-residential construction market; farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

FAST Stock Price History

FAST Stock News Headlines

Financial markets news icon
MarketBeat Week in Review – 7/15 - 7/19 (FAST)
Stocks took a breather to close the week, but corporate earnings and the next reading on the PCE index will help determine what direction the market moves next
Sorted bolts in boxes in the store.
Is This Industrial Stock a Buy After Recent Earnings Boost?
Fastenal's NASDAQ: FAST stock price has been on the rise since it reported earnings on Friday, July 15, 2024. The industrial company's shares have been up 5.7% since then.
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
Sorted bolts in boxes in the store.
Is This Industrial Stock a Buy After Recent Earnings Boost? (FAST)
Fastenal's share price rose in the days following it earnings release as it showed positive signs on key metrics. However, two analysts lowered price targets.
Brokerages Set Fastenal (NASDAQ:FAST) Target Price at $66.67
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Most Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.
Fastenal: MRO Play Trading At A Substantial Premium
Q2 2024 Fastenal Co Earnings Call Transcript
Fastenal Stock Climbs as Sales Rise
See More Headlines
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Company Calendar

Ex-Dividend for 5/23 Dividend
4/24/2024
Dividend Payable
5/23/2024
Last Earnings
7/12/2024
Today
7/26/2024
Ex-Dividend for 8/23 Dividend
7/26/2024
Dividend Payable
8/23/2024
Next Earnings (Estimated)
10/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Building materials, hardware, garden supply & mobile home dealers
Sub-Industry
Trading Companies & Distributors
Current Symbol
NASDAQ:FAST
CUSIP
31190010
Employees
23,201
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$66.67
High Stock Price Target
$80.00
Low Stock Price Target
$56.00
Potential Upside/Downside
-5.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
20.44%

Debt

Sales & Book Value

Annual Sales
$7.35 billion
Cash Flow
$2.44 per share
Book Value
$6.10 per share

Miscellaneous

Free Float
570,200,000
Market Cap
$40.30 billion
Optionable
Optionable
Beta
1.01

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Should I Buy Fastenal Stock? FAST Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Fastenal:

  • Fastenal stock has a 12-month high of $79.04, indicating potential for growth.
  • Recent analyst reports have given Fastenal a "buy" rating, suggesting positive outlook.
  • Fastenal's market cap of $37.19 billion signifies a stable and established company.
  • Multiple institutional investors and hedge funds have increased their positions in Fastenal, indicating confidence in the company.
  • Fastenal's 50-day moving average price of $66.69 shows a consistent performance trend.

Cons

Investors should be bearish about investing in Fastenal for these reasons:

  • Fastenal's PE ratio of 32.15 may indicate the stock is currently overvalued.
  • Loop Capital and Robert W. Baird have recently lowered their price targets on Fastenal, signaling potential concerns.
  • Fastenal's 12-month low of $53.83 suggests volatility in the stock price.
  • The PEG ratio of 3.35 for Fastenal may indicate a higher valuation compared to its growth prospects.
  • Fastenal's beta of 1.02 implies the stock's price sensitivity to market movements.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Fastenal pros and cons to contact@marketbeat.com.

FAST Stock Analysis - Frequently Asked Questions

How have FAST shares performed this year?

Fastenal's stock was trading at $64.77 at the beginning of the year. Since then, FAST stock has increased by 8.6% and is now trading at $70.37.
View the best growth stocks for 2024 here
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) issued its quarterly earnings data on Friday, July, 12th. The company reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. The firm's revenue for the quarter was up 1.8% on a year-over-year basis.
Read the conference call transcript
.

When did Fastenal's stock split?

Fastenal's stock split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly issued shares were payable to shareholders after the market closes on Tuesday, May 21st 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Daniel Florness' approval rating as Fastenal's CEO?

714 employees have rated Fastenal Chief Executive Officer Daniel Florness on Glassdoor.com. Daniel Florness has an approval rating of 85% among the company's employees.

Does Fastenal have any subsidiaries?

Fastenal subsidiaries include these companies: Apex Industrial Technologies, Manufacturers Supply, Av-Tech Industries, Holo-Krome, FASTCO Shanghai Trading Co. Ltd., Fastenal Air Fleet LLC, Fastenal Asia Pacific Limited, and more.

Who are Fastenal's major shareholders?

Top institutional investors of Fastenal include Bank of New York Mellon Corp (3.79%), Baillie Gifford & Co. (0.47%), Riverbridge Partners LLC (0.39%) and Confluence Investment Management LLC (0.30%). Insiders that own company stock include Nicholas J Lundquist, Daniel L Florness, Michael J Ancius, James C Jansen, Reyne K Wisecup, Daniel L Johnson, Terry Modock Owen, William Joseph Drazkowski, Jeffery Michael Watts, Sheryl Ann Lisowski, Hsenghung Sam Hsu, Sarah N Nielsen, John Lewis Soderberg, Charles S Miller and Anthony Paul Broersma.
View institutional ownership trends
.

How do I buy shares of Fastenal?

Shares of FAST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Fastenal own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fastenal investors own include Intel (INTC), Johnson & Johnson (JNJ), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), AbbVie (ABBV) and Cisco Systems (CSCO).

This page (NASDAQ:FAST) was last updated on 7/27/2024 by MarketBeat.com Staff

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