NASDAQ:FAST

Fastenal (FAST) Stock Price, News & Analysis

$67.51
+0.06 (+0.09%)
(As of 04/23/2024 ET)
Today's Range
$67.46
$68.14
50-Day Range
$67.45
$78.42
52-Week Range
$52.28
$79.04
Volume
3.66 million shs
Average Volume
3.92 million shs
Market Capitalization
$38.65 billion
P/E Ratio
33.42
Dividend Yield
2.31%
Price Target
$67.67

Fastenal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
0.2% Upside
$67.67 Price Target
Short Interest
Bearish
3.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
0.69mentions of Fastenal in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$3.41 M Sold Last Quarter
Proj. Earnings Growth
8.96%
From $2.12 to $2.31 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 199 stocks

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

3rd out of 5 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

Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stocks that are trading heavily or have substantial price changes on Thursday: Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise
Elon Musk’s Controversial New Project: “Apollo”
Have you seen this footage outside the headquarters of Elon Musk's "Project Apollo?" Big Tech and the mainstream media have called this project "controversial"...
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It's Down
Dividend Aristocrat Fastenal NASDAQ: FAST fell about 5% after its Q1 release and may fall further. Not because the business is flagging but because the valuation has run up to unsustainable levels.
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
Dividend Aristocrat Fastenal was newly appointed to the list, and now the market is giving back the gains driven by indexing. Fresh all-time highs to come.
Fastenal Plans Quarterly Dividend of $0.39 (NASDAQ:FAST)
Elon Musk’s Controversial New Project: “Apollo”
Have you seen this footage outside the headquarters of Elon Musk's "Project Apollo?" Big Tech and the mainstream media have called this project "controversial"...
Decoding Fastenal Co (FAST): A Strategic SWOT Insight
Fastenal (NASDAQ:FAST) Given New $64.00 Price Target at HSBC
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
Today
4/23/2024
Ex-Dividend for 5/23 Dividend
4/24/2024
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
$67.67
High Stock Price Target
$85.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+0.2%
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
$2.33 per share
Book Value
$5.86 per share

Miscellaneous

Free Float
570,200,000
Market Cap
$38.65 billion
Optionable
Optionable
Beta
1.05

Social Links

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Should I Buy Fastenal Stock? FAST Pros and Cons Explained

Pros

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

  • Fastenal engages in wholesale distribution of industrial and construction supplies, catering to a wide market including manufacturing, construction, maintenance, and repair sectors.
  • The company offers a diverse range of fasteners and related supplies, essential components in various industries, ensuring a steady demand for its products.
  • Fastenal has a strong presence not only in the United States but also in Canada, Mexico, and internationally, providing geographical diversification.
  • With a history dating back to 1967, Fastenal has established itself as a reputable player in the industry, showcasing stability and longevity.
  • Considering the current stock price and market trends, Fastenal may present a favorable investment opportunity for those seeking growth potential.

Cons

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

  • Fastenal operates in a competitive market with other players offering similar products, potentially impacting pricing and margins.
  • The company's performance may be influenced by fluctuations in the building materials and construction industry, subjecting it to economic cycles.
  • As a distributor, Fastenal's business model is susceptible to supply chain disruptions and changes in customer demand, affecting its operations.
  • Investors should be cautious of any regulatory changes or trade policies that could impact Fastenal's international operations and supply chain.
  • While Fastenal has a strong track record, past performance is not indicative of future results, and investors should conduct thorough research before making investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Fastenal pros and cons to contact@marketbeat.com.

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 12-month price objectives for Fastenal's stock. Their FAST share price targets range from $60.00 to $85.00. On average, they expect the company's stock price to reach $67.67 in the next twelve months. This suggests a possible upside of 0.2% 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 beginning of the year. Since then, FAST stock has increased by 4.2% and is now trading at $67.51.
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) issued its earnings results on Thursday, April, 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.01. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. Fastenal had a trailing twelve-month return on equity of 33.98% and a net margin of 15.68%. The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $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. Stockholders 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 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend 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 2.31%. 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 67.53% 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 on the morning of 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 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 announced that its Board of Directors has approved a stock buyback plan on Tuesday, July 12th 2022, which allows the company to repurchase 8,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors 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 a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.56%), Confluence Investment Management LLC (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Raymond James & Associates (0.16%), Mountain Pacific Investment Advisers Inc. ID (0.09%) and Absher Wealth Management LLC (0.05%). 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 4/24/2024 by MarketBeat.com Staff

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