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NIO   12.65 (+20.48%)
BABA   87.49 (+9.55%)
AMD   77.72 (+5.90%)
T   19.24 (+1.21%)
MU   57.53 (+4.37%)
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NASDAQ:FAST

Fastenal - FAST Stock Forecast, Price & News

$51.50
+1.23 (+2.45%)
(As of 11/30/2022 03:59 PM ET)
Add
Compare
Today's Range
$49.42
$51.52
50-Day Range
$43.87
$52.41
52-Week Range
$43.73
$64.75
Volume
247,414 shs
Average Volume
2.88 million shs
Market Capitalization
$29.50 billion
P/E Ratio
27.54
Dividend Yield
2.42%
Price Target
$51.86

Fastenal MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.1% Upside
$51.86 Price Target
Short Interest
Healthy
2.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.40
Upright™ Environmental Score
News Sentiment
0.26mentions of Fastenal in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$306,425 Bought Last Quarter
Proj. Earnings Growth
1.06%
From $1.88 to $1.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Retail/Wholesale Sector

104th out of 216 stocks

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

3rd out of 6 stocks

FAST stock logo

About Fastenal (NASDAQ:FAST) Stock

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, 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; 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. The company distributes its products through a network of 3,209 in-market locations and 15 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

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FAST Stock News Headlines

3 High Yields The Institutions Are Buying  (FAST)
Fastenal (NASDAQ:FAST) Receives $51.86 Consensus PT from Brokerages
Millionaire Investor Reveals: “How I Made My Second Fortune… By Avoiding 99% of Stocks”
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US Factory Production Rises for a Third Straight Month
Technicals: A Stock to Buy, And Another To Sell - TheStreet
Fastenal (FAST) Shares Rise on Q3 Earnings & Revenue Beat
Fastenal Q3 Earnings Tops Estimates
Fastenal Q3 Earnings Tops Estimates
Fastenal Company Reports 2022 Third Quarter Earnings
See More Headlines
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FAST Company Calendar

Last Earnings
10/13/2022
Ex-Dividend for 11/23 Dividend
10/26/2022
Dividend Payable
11/23/2022
Today
11/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/18/2023

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
20,507
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$51.86
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$925 million
Pretax Margin
20.69%

Debt

Sales & Book Value

Annual Sales
$6.01 billion
Cash Flow
$1.92 per share
Book Value
$5.52 per share

Miscellaneous

Free Float
570,469,000
Market Cap
$29.50 billion
Optionable
Optionable
Beta
1.18

Social Links


Key Executives

  • Mr. Daniel L. Florness (Age 59)
    Pres, CEO & Director
    Comp: $1.89M
  • Mr. Holden Lewis (Age 53)
    Exec. VP & CFO
    Comp: $1.04M
  • Mr. Terry Modock OwenMr. Terry Modock Owen (Age 54)
    Sr. Exec. VP of Sales Operations
    Comp: $1.29M
  • Ms. Reyne K. Wisecup (Age 59)
    Sr. EVP of HR & Director
    Comp: $42.5k
  • Mr. William Joseph DrazkowskiMr. William Joseph Drazkowski (Age 51)
    Exec. VP of Sales
    Comp: $1.13M
  • Mr. Jeffery M. Watts (Age 50)
    Exec. VP of International Sales
    Comp: $1.38M
  • Ms. Sheryl Ann LisowskiMs. Sheryl Ann Lisowski (Age 55)
    Exec. VP, Chief Accounting Officer & Treasurer
  • John J. Milek
    VP & Gen. Counsel
  • Ms. Ellen Stolts
    Financial Reporting & Regulatory Compliance Mang.
  • Mr. James C. JansenMr. James C. Jansen (Age 52)
    Exec. VP of Manufacturing













FAST Stock - Frequently Asked Questions

Should I buy or sell Fastenal stock right now?

7 Wall Street 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 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 forecast for 2023?

7 Wall Street analysts have issued 1 year price targets for Fastenal's stock. Their FAST share price forecasts range from $43.00 to $60.00. On average, they predict the company's share price to reach $51.86 in the next twelve months. This suggests a possible upside of 4.2% 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 2022?

Fastenal's stock was trading at $64.06 on January 1st, 2022. Since then, FAST stock has decreased by 22.3% and is now trading at $49.76.
View the best growth stocks for 2022 here
.

When is Fastenal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our FAST earnings forecast
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) released its quarterly earnings data on Thursday, October, 13th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company earned $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. Fastenal had a net margin of 15.73% and a trailing twelve-month return on equity of 34.25%. The firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 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 Wednesday, October 12th. Shareholders of record on Thursday, October 27th will be given a dividend of $0.31 per share on Wednesday, November 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, October 26th.
Read our dividend analysis for FAST
.

Is Fastenal a good dividend stock?

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.42%. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 65.26% 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 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 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 declared that its Board of Directors has approved a share buyback program on Tuesday, July 12th 2022, which authorizes the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership 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).

What is Fastenal's stock symbol?

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

Who are Fastenal's major shareholders?

Fastenal's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.05%), BlackRock Inc. (7.83%), State Street Corp (4.89%), Bank of New York Mellon Corp (4.70%), Baird Financial Group Inc. (1.17%) and Royal Bank of Canada (0.95%). Insiders that own company stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Darren R Jackson, Hsenghung Sam Hsu, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, Michael J Ancius, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, Reyne K Wisecup, Rita J Heise, Sarah N Nielsen, Sheryl Ann Lisowski, Stephen L Eastman, Stephen L Eastman, Terry Modock Owen, Willard D Oberton 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.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $49.76.

How much money does Fastenal make?

Fastenal (NASDAQ:FAST) has a market capitalization of $28.50 billion and generates $6.01 billion in revenue each year. The company earns $925 million in net income (profit) each year or $1.87 on an earnings per share basis.

How many employees does Fastenal have?

The company employs 20,507 workers across the globe.

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
How can I contact Fastenal?

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.

This page (NASDAQ:FAST) was last updated on 11/30/2022 by MarketBeat.com Staff