NASDAQ:FAST

Fastenal (FAST) Stock Price, News & Analysis

$66.42
-0.39 (-0.58%)
(As of 05/17/2024 ET)
Today's Range
$65.95
$66.99
50-Day Range
$66.41
$78.42
52-Week Range
$52.86
$79.04
Volume
2.84 million shs
Average Volume
3.86 million shs
Market Capitalization
$38.03 billion
P/E Ratio
32.88
Dividend Yield
2.35%
Price Target
$67.33

Fastenal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
1.4% Upside
$67.33 Price Target
Short Interest
Healthy
2.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
0.67mentions of Fastenal in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.20 M Sold Last Quarter
Proj. Earnings Growth
8.49%
From $2.12 to $2.30 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.

3.86 out of 5 stars

Retail/Wholesale Sector

76th out of 197 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

Comparing ZKH Group (NYSE:ZKH) & Fastenal (NASDAQ:FAST)
Breaking Down Fastenal: 6 Analysts Share Their Views
Decoding Fastenal Co (FAST): A Strategic SWOT Insight
Beyond The Numbers: 5 Analysts Discuss Fastenal Stock
Q1 2024 Fastenal Co Earnings Call
Why Fastenal Stock Fell Today
Fastenal Down 5% In Pre-market On Earnings Miss
See More Headlines
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Company Calendar

Ex-Dividend for 2/29 Dividend
1/31/2024
Dividend Payable
2/29/2024
Last Earnings
4/11/2024
Ex-Dividend for 5/23 Dividend
4/24/2024
Today
5/17/2024
Dividend Payable
5/23/2024
Next Earnings (Estimated)
7/11/2024
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
$67.33
High Stock Price Target
$85.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+1.4%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
20.62%

Debt

Sales & Book Value

Annual Sales
$7.35 billion
Cash Flow
$2.31 per share
Book Value
$5.99 per share

Miscellaneous

Free Float
570,200,000
Market Cap
$38.03 billion
Optionable
Optionable
Beta
1.07

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FAST Stock Analysis - Frequently Asked Questions

Should I buy or sell Fastenal stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 4 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 target for 2024?

5 equities research analysts have issued 1-year target prices for Fastenal's shares. Their FAST share price targets range from $60.00 to $85.00. On average, they expect the company's share price to reach $67.33 in the next twelve months. This suggests a possible upside of 1.4% 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 2024?

Fastenal's stock was trading at $64.77 at the start of the year. Since then, FAST stock has increased by 2.5% and is now trading at $66.42.
View the best growth stocks for 2024 here
.

When is Fastenal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our FAST earnings forecast
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) posted its earnings results on Thursday, April, 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by $0.01. The business earned $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Fastenal had a trailing twelve-month return on equity of 33.98% and a net margin of 15.68%. Fastenal's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS.
Read the conference call transcript
.

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

Fastenal declared a quarterly dividend on Wednesday, April 10th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.39 per share on Thursday, May 23rd. This represents a $1.56 annualized dividend and a yield of 2.35%. The ex-dividend date is Wednesday, April 24th.
Read our dividend analysis for FAST
.

Is Fastenal a good dividend stock?

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.56 per share and currently has a dividend yield of 2.33%. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.23%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FAST will have a dividend payout ratio of 67.83% 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's stock 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 authorized a share repurchase plan on Tuesday, July 12th 2022, which permits the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board 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).

Who are Fastenal's major shareholders?

Fastenal's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.27%), Bank of New York Mellon Corp (3.89%), Principal Financial Group Inc. (1.31%), Cantillon Capital Management LLC (0.93%), Mirae Asset Global Investments Co. Ltd. (0.57%) and Blair William & Co. IL (0.57%). Insiders that own company stock include Anthony Paul Broersma, Charles S Miller, Charles S Miller, Daniel L Florness, Daniel L Johnson, Daniel L Johnson, Hsenghung Sam Hsu, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Michael J Ancius, Nicholas J Lundquist, Reyne K Wisecup, Sarah N Nielsen, Sheryl Ann Lisowski, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 5/17/2024 by MarketBeat.com Staff

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