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

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our FAST earnings forecast.

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.

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.

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.

ETFs with the largest weight of Fastenal (NASDAQ:FAST) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), Franklin Disruptive Commerce ETF (BUYZ), iShares U.S. Basic Materials ETF (IYM), WBI BullBear Quality 3000 ETF (WBIL), VictoryShares THB Mid Cap ESG ETF (MDCP), Formidable Fortress ETF (KONG), Global X U.S. Infrastructure Development ETF (PAVE) and Tema American Reshoring ETF (RSHO).

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.

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.

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.

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).

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.

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.