S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
MarketBeat Week in Review – 12/4 - 12/8
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Shohei Ohtani joins big-money club with massive contract with Los Angeles Dodgers
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Consumer product agency issues warning on small magnetic balls linked to deaths
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa

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

$62.29
-0.07 (-0.11%)
(As of 12/8/2023 ET)
Compare
Today's Range
$62.00
$62.47
50-Day Range
$54.19
$62.36
52-Week Range
$45.70
$62.60
Volume
3.14 million shs
Average Volume
2.74 million shs
Market Capitalization
$35.60 billion
P/E Ratio
31.30
Dividend Yield
2.25%
Price Target
$57.71

Fastenal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.3% 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
0.59mentions of Fastenal in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$7.65 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.

2.04 out of 5 stars

Industrials Sector

12th out of 20 stocks

Industrial Distribution Industry

1st out of 1 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

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Fastenal Company Is On Sale Again
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
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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
Ex-Dividend for 12/20 Dividend
12/05/2023
Today
12/09/2023
Dividend Payable
12/20/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/18/2024

Industry, Sector and Symbol

Industry
Industrial Distribution
Sub-Industry
Trading Companies & Distributors
Current Symbol
NASDAQ:FAST
CUSIP
31190010
Employees
20,284
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
-7.3%
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
$5.54 per share

Miscellaneous

Free Float
569,028,000
Market Cap
$35.60 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 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 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 brokerages have issued 12 month price objectives for Fastenal's shares. 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 year. This suggests that the stock has a possible downside of 7.3%.
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 the year. Since then, FAST stock has increased by 31.6% and is now trading at $62.29.
View the best growth stocks for 2023 here
.

Are investors shorting Fastenal?

Fastenal saw a increase in short interest in 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 trading volume, of 3,270,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 2.9% of the company's shares are sold short.
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) released its quarterly earnings results on Thursday, October, 12th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. The firm 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 business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS.
Read the conference call transcript
.

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

Fastenal announced a quarterly dividend on Monday, November 20th. Investors 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 yield of 2.44%. The ex-dividend date is Tuesday, December 5th. This is a boost 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 2.24%. 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?

Shares of Fastenal split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly minted shares were issued 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 announced that its board has approved a stock buyback program 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 buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management 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 institutional and retail investors. Top institutional shareholders 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 12/10/2023 by MarketBeat.com Staff

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