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NASDAQ:FAST

Fastenal (FAST) Stock Forecast, Price & News

$55.65
+0.59 (+1.07%)
(As of 09/28/2023 ET)
Compare
Today's Range
$55.07
$55.95
50-Day Range
$54.10
$58.61
52-Week Range
$43.73
$59.43
Volume
2.96 million shs
Average Volume
3.15 million shs
Market Capitalization
$31.79 billion
P/E Ratio
28.25
Dividend Yield
2.52%
Price Target
$57.00

Fastenal MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.4% Upside
$57.00 Price Target
Short Interest
Healthy
2.66% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
1.41mentions of Fastenal in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.11 M Sold Last Quarter
Proj. Earnings Growth
6.06%
From $1.98 to $2.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Retail/Wholesale Sector

116th out of 212 stocks

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

3rd out of 4 stocks


FAST stock logo

About Fastenal (NASDAQ:FAST) Stock

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, 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, which 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; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves 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 Price History

FAST Stock News Headlines

Fastenal Stock Scores Relative Strength Rating Upgrade
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Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Fastenal (FAST) Stock Moves -0.33%: What You Should Know
Successful Options Trading Begins With…
Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month!
Fastenal Has All the Signs of a Strong Investment
Fastenal (FAST) Stock Moves -0.15%: What You Should Know
Robert W. Baird Keeps Their Hold Rating on Fastenal Company (FAST)
Fastenal (FAST) Stock Moves -0.39%: What You Should Know
Fastenal (NASDAQ: FAST)
Writing September Calls On Fastenal
Why Fastenal Is the Worst Stock in the World
See More Headlines
Receive FAST Stock News and Ratings via Email

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FAST Company Calendar

Last Earnings
7/13/2023
Ex-Dividend for 8/24 Dividend
7/26/2023
Dividend Payable
8/24/2023
Today
9/28/2023
Next Earnings (Confirmed)
10/12/2023
Fiscal Year End
12/31/2023

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
22,386
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$57.00
High Stock Price Forecast
$61.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$1.09 billion
Pretax Margin
20.52%

Debt

Sales & Book Value

Annual Sales
$6.98 billion
Cash Flow
$2.27 per share
Book Value
$5.54 per share

Miscellaneous

Free Float
568,762,000
Market Cap
$31.87 billion
Optionable
Optionable
Beta
1.16

Social Links

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Key Executives

  • Mr. Daniel L. FlornessMr. Daniel L. Florness (Age 60)
    Pres, CEO & Director
    Comp: $4.82M
  • Mr. Holden Lewis (Age 54)
    Sr. EVP & CFO
    Comp: $2.06M
  • Mr. Terry Modock OwenMr. Terry Modock Owen (Age 55)
    Chief Operating Officer
    Comp: $2.83M
  • Mr. Charles S. MillerMr. Charles S. Miller (Age 49)
    Sr. Exec. VP of Sales
    Comp: $2.1M
  • Ms. Sheryl Ann LisowskiMs. Sheryl Ann Lisowski (Age 56)
    Exec. VP, Chief Accounting Officer & Treasurer
  • John J. Milek
    VP & Gen. Counsel
  • Mr. Jeffery Michael WattsMr. Jeffery Michael Watts (Age 51)
    Chief Sales Officer
  • Ms. Noelle Joan Oas J.D.
    Exec. VP of HR
  • Mr. James C. JansenMr. James C. Jansen (Age 53)
    Exec. VP of Manufacturing
  • Mr. John Lewis SoderbergMr. John Lewis Soderberg (Age 52)
    Sr. Exec. VP of Information Technology













FAST Stock - Frequently Asked Questions

Should I buy or sell Fastenal stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FAST shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FAST, but not buy additional shares or sell existing shares.
View FAST analyst ratings
or view top-rated stocks.

What is Fastenal's stock price forecast for 2023?

7 brokers have issued twelve-month price objectives for Fastenal's shares. Their FAST share price forecasts range from $46.00 to $61.00. On average, they predict the company's stock price to reach $57.00 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
View analysts price targets for FAST
or view top-rated stocks among Wall Street analysts.

How have FAST shares performed in 2023?

Fastenal's stock was trading at $47.32 at the beginning of 2023. Since then, FAST shares have increased by 17.9% and is now trading at $55.79.
View the best growth stocks for 2023 here
.

Are investors shorting Fastenal?

Fastenal saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 15,160,000 shares, a decline of 5.4% from the August 31st total of 16,020,000 shares. Based on an average daily trading volume, of 2,930,000 shares, the short-interest ratio is currently 5.2 days. Currently, 2.7% of the company's stock are short sold.
View Fastenal's Short Interest
.

When is Fastenal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 12th 2023.
View our FAST earnings forecast
.

How can I listen to Fastenal's earnings call?

Fastenal will be holding an earnings conference call on Thursday, October 12th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) posted its earnings results on Thursday, July, 13th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.89 billion. Fastenal had a net margin of 15.52% and a trailing twelve-month return on equity of 34.63%. Fastenal's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.50 earnings per share.
Read the conference call transcript
.

How often does Fastenal pay dividends? What is the dividend yield for Fastenal?

Fastenal announced a quarterly dividend on Wednesday, July 12th. Stockholders of record on Thursday, July 27th will be paid a dividend of $0.35 per share on Thursday, August 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, July 26th.
Read our dividend analysis for FAST
.

Is Fastenal a good dividend stock?

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.57%. The company has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 71.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 66.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FAST.

When did Fastenal's stock split?

Fastenal shares split before market open 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 closing bell on Tuesday, May 21st 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

How will Fastenal's stock buyback program work?

Fastenal declared that its Board of Directors has approved a stock buyback plan on Tuesday, July 12th 2022, which permits the company to buyback 8,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

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.

What other stocks do shareholders of Fastenal own?

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

What is Fastenal's stock symbol?

Fastenal trades on the NASDAQ under the ticker symbol "FAST."

Who are Fastenal's major shareholders?

Fastenal's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.89%), State Street Corp (4.81%), Bank of New York Mellon Corp (4.31%), Geode Capital Management LLC (2.47%), Charles Schwab Investment Management Inc. (2.35%) and Principal Financial Group Inc. (1.38%). Insiders that own company stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Hsenghung Sam Hsu, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Michael J Ancius, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, Reyne K Wisecup, Sarah N Nielsen, Sheryl Ann Lisowski, Stephen L Eastman, Stephen L Eastman, Terry Modock Owen and William Joseph Drazkowski.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $55.79.

How much money does Fastenal make?

Fastenal (NASDAQ:FAST) has a market capitalization of $31.87 billion and generates $6.98 billion in revenue each year. The company earns $1.09 billion in net income (profit) each year or $1.97 on an earnings per share basis.

How many employees does Fastenal have?

The company employs 22,386 workers across the globe.

Does Fastenal have any subsidiaries?
The following companies are subsidiares of Fastenal: Apex Industrial Technologies, Av-Tech Industries, FASTCO Shanghai Trading Co. Ltd., Fastenal AT GmbH, Fastenal Air Fleet LLC, Fastenal Asia Pacific Limited, Fastenal Brasil Importação Exportação e Distribuição Ltda., Fastenal Brasil Participacoes Ltda., Fastenal Canada Ltd., Fastenal Chile SpA, Fastenal Company Leasing, Fastenal Company Purchasing, Fastenal Europe AB, Fastenal Europe B.V., Fastenal Europe BE BV, Fastenal Europe FR Sàrl, Fastenal Europe GmbH, Fastenal Europe IE Limited, Fastenal Europe Kft., Fastenal Europe Ltd., Fastenal Europe RO S.r.l., Fastenal Europe S.L., Fastenal Europe S.r.l., Fastenal Europe Sp. z o.o., Fastenal Europe Sàrl, Fastenal Europe s.r.o., Fastenal IP Company, Fastenal India Sourcing IT and Procurement Private Ltd., Fastenal India Wholesale Private Ltd., Fastenal International Holdings Company, Fastenal Malaysia Sdn. Bhd., Fastenal Mexico LLC, Fastenal Mexico S. de R.L. de C.V., Fastenal Netherlands Holdings B.V., Fastenal Panama S.A., Fastenal Shanghai International Trading Co. Ltd., Fastenal Shenzhen International Trading Co. Ltd., Fastenal Singapore Pte. Ltd., Fastenal Thailand Ltd., Fastenal Tianjin International Trading Co. Ltd., Holo-Krome, Innova Holdings LLC, Innova Supply Chain Solutions LLC, Manufacturers Supply, and River Surplus and Supply LLC.
Read More
How can I contact Fastenal?

Fastenal's mailing address is 2001 THEURER BLVD, WINONA MN, 55987. The official website for the company is www.fastenal.com. The company can be reached via phone at (507) 454-5374, via email at investorrelations@fastenal.com, or via fax at 507-453-8049.

This page (NASDAQ:FAST) was last updated on 9/28/2023 by MarketBeat.com Staff

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