Fastenal (FAST) Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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.

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.

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 (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.

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.

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.

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

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.

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

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.

The company employs 22,386 workers across the globe.

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.