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Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
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New CBOE “special perk” helps traders target income every weekend (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
All the trading advice you’ve ever received boils down to this (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
New CBOE “special perk” helps traders target income every weekend (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
All the trading advice you’ve ever received boils down to this (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
New CBOE “special perk” helps traders target income every weekend (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
All the trading advice you’ve ever received boils down to this (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
New CBOE “special perk” helps traders target income every weekend (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
New CBOE “special perk” helps traders target income every weekend (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt

Fastenal Stock Price, News & Analysis (NASDAQ:FAST)

$60.82
+0.85 (+1.42%)
(As of 12/1/2023 08:54 PM ET)
Compare
Today's Range
$59.78
$60.83
50-Day Range
$54.19
$61.00
52-Week Range
$45.70
$61.25
Volume
2.77 million shs
Average Volume
3.24 million shs
Market Capitalization
$34.75 billion
P/E Ratio
30.56
Dividend Yield
2.30%
Price Target
$57.71

Fastenal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.1% Downside
$57.71 Price Target
Short Interest
Bearish
2.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
0.82mentions of Fastenal in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$5.87 M Sold Last Quarter
Proj. Earnings Growth
6.00%
From $2.00 to $2.12 Per Share

Overall MarketRank

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

1.98 out of 5 stars

Retail/Wholesale Sector

132nd out of 195 stocks

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

4th out of 4 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, 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 Stock Price History

FAST Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Fastenal Company Is On Sale Again
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Fastenal declares $0.38 special dividend
Here's Why Fastenal (FAST) is a Strong Momentum Stock
Fastenal Co's Dividend Analysis
Fastenal Out-Executing A Sluggish Market
See More Headlines
Receive FAST Stock News and Ratings via Email

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Company Calendar

Last Earnings
10/12/2023
Ex-Dividend for 11/24 Dividend
10/25/2023
Dividend Payable
11/24/2023
Today
12/03/2023
Ex-Dividend for 12/20 Dividend
12/05/2023
Dividend Payable
12/20/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/18/2024

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
22,386
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$57.71
High Stock Price Target
$66.00
Low Stock Price Target
$46.00
Potential Upside/Downside
-5.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$1.09 billion
Pretax Margin
20.54%

Debt

Sales & Book Value

Annual Sales
$6.98 billion
Cash Flow
$2.21 per share
Book Value
$6.07 per share

Miscellaneous

Free Float
568,842,000
Market Cap
$34.75 billion
Optionable
Optionable
Beta
1.09

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Should I Buy Fastenal Stock? FAST Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Fastenal was last updated on Tuesday, November 28, 2023 at 11:24 AM.

Pros

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

  • Fastenal Company is a leading wholesale distributor of industrial and construction supplies in the United States.
  • They have a strong presence in the market and a wide customer base, including manufacturing companies, contractors, and government entities.
  • Fastenal has a long history, being founded in 1967, which demonstrates their stability and experience in the industry.
  • They offer a diverse range of products, catering to various industries and sectors.
  • Fastenal has a track record of consistent growth and profitability, making it an attractive investment option.

Cons

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

  • Fastenal operates in a highly competitive market, which may impact their market share and profitability.
  • The company's performance is influenced by economic conditions, such as fluctuations in the construction and manufacturing sectors.
  • Fastenal's stock price is subject to market volatility and may fluctuate based on investor sentiment and overall market conditions.
  • Investing in Fastenal requires careful analysis of the company's financial statements and performance indicators.
  • There may be potential risks associated with the company's supply chain and distribution network.














FAST Stock Analysis - Frequently Asked Questions

Should I buy or sell Fastenal stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 target for 2024?

6 Wall Street analysts have issued 1-year price targets for Fastenal's stock. Their FAST share price targets range from $46.00 to $66.00. On average, they anticipate the company's stock price to reach $57.71 in the next twelve months. This suggests that the stock has a possible downside of 5.1%.
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 start of the year. Since then, FAST shares have increased by 28.5% and is now trading at $60.82.
View the best growth stocks for 2023 here
.

Are investors shorting Fastenal?

Fastenal saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 16,760,000 shares, an increase of 7.8% from the October 31st total of 15,550,000 shares. Based on an average daily volume of 3,270,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 2.9% 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, January 18th 2024.
View our FAST earnings forecast
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) announced its earnings results on Thursday, October, 12th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. Fastenal had a net margin of 15.57% and a trailing twelve-month return on equity of 34.16%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share.
Read the conference call transcript
.

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

Fastenal declared a quarterly dividend on Monday, November 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.38 per share on Wednesday, December 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, December 5th. This is a positive change from the stock's previous quarterly dividend of $0.35.
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 2.30%. 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 70.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 66.04% 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 created shares were distributed 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.

How will Fastenal's stock buyback program work?

Fastenal declared that its Board of Directors has initiated a share repurchase program on Tuesday, July 12th 2022, which authorizes the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is 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).

Who are Fastenal's major shareholders?

Fastenal's stock is owned by many different institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (4.22%), Charles Schwab Investment Management Inc. (2.42%), Morgan Stanley (1.50%), Principal Financial Group Inc. (1.37%), Northern Trust Corp (1.30%) and Invesco Ltd. (1.18%). 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.

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
This page (NASDAQ:FAST) was last updated on 12/4/2023 by MarketBeat.com Staff

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