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NASDAQ:FAST

Fastenal Stock Forecast, Price & News

$50.42
+0.75 (+1.51%)
(As of 07/6/2022 05:43 PM ET)
Add
Compare
Today's Range
$49.84
$50.95
50-Day Range
$48.48
$57.44
52-Week Range
$48.10
$64.75
Volume
2.67 million shs
Average Volume
3.46 million shs
Market Capitalization
$29.02 billion
P/E Ratio
29.49
Dividend Yield
2.50%
Price Target
$60.80

Fastenal MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
20.6% Upside
$60.80 Price Target
Short Interest
Healthy
2.27% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.15
Upright™ Environmental Score
News Sentiment
0.35mentions of Fastenal in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$182,773 Bought Last Quarter
Proj. Earnings Growth
7.98%
From $1.88 to $2.03 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.27 out of 5 stars

Retail/Wholesale Sector

80th out of 284 stocks

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

3rd out of 6 stocks

30 days | 90 days | 365 days | Advanced Chart

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Fastenal 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.

FAST Stock News Headlines

Fastenal (NASDAQ:FAST) Director Purchases $33,344.04 in Stock
See More Headlines

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

Company Calendar

Last Earnings
4/13/2022
Ex-Dividend for 5/25 Dividend
4/26/2022
Dividend Payable
5/25/2022
Today
7/06/2022
Next Earnings (Confirmed)
7/13/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$60.80
High Stock Price Forecast
$66.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
+20.6%
Consensus Rating
Hold
Rating Score (0-4)
2.2
Research Coverage
5 Analysts

Profitability

Net Income
$925 million
Pretax Margin
20.41%

Debt

Sales & Book Value

Annual Sales
$6.01 billion
Cash Flow
$1.93 per share
Book Value
$5.29 per share

Miscellaneous

Free Float
573,304,000
Market Cap
$29.02 billion
Optionable
Optionable
Beta
1.27

Social Links















Fastenal Frequently Asked Questions

Should I buy or sell Fastenal stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Fastenal stock. 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 analyst ratings for Fastenal
or view top-rated stocks.

What is Fastenal's stock price forecast for 2022?

5 equities research analysts have issued 12 month price objectives for Fastenal's shares. Their FAST stock forecasts range from $56.00 to $66.00. On average, they predict Fastenal's stock price to reach $60.80 in the next year. This suggests a possible upside of 20.6% from the stock's current price.
View analysts' price targets for Fastenal
or view top-rated stocks among Wall Street analysts.

How has Fastenal's stock price performed in 2022?

Fastenal's stock was trading at $64.06 on January 1st, 2022. Since then, FAST stock has decreased by 21.3% and is now trading at $50.42.
View the best growth stocks for 2022 here
.

When is Fastenal's next earnings date?

Fastenal is scheduled to release its next quarterly earnings announcement on Wednesday, July 13th 2022.
View our earnings forecast for Fastenal
.

How can I listen to Fastenal's earnings call?

Fastenal will be holding an earnings conference call on Wednesday, July 13th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) released its quarterly earnings data on Wednesday, April, 13th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Fastenal had a net margin of 15.63% and a trailing twelve-month return on equity of 32.72%. Fastenal's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS.
View Fastenal's earnings history
.

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

Fastenal declared a quarterly dividend on Tuesday, April 12th. Investors of record on Wednesday, April 27th will be given a dividend of $0.31 per share on Wednesday, May 25th. This represents a $1.24 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, April 26th.
View Fastenal's dividend history
.

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 2.50%. Fastenal 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 of Fastenal is 72.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Fastenal will have a dividend payout ratio of 61.08% next year. This indicates that Fastenal will be able to sustain or increase its dividend.
View Fastenal's dividend history.

When did Fastenal's stock split? How did Fastenal's stock split work?

Fastenal shares split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly minted shares were payable to shareholders after the closing bell on Tuesday, May 21st 2019. An investor that had 100 shares of Fastenal stock prior to the split would have 200 shares after the split.

Who are Fastenal's key executives?

Fastenal's management team includes the following people:

What is Daniel Florness' approval rating as Fastenal's CEO?

714 employees have rated Fastenal CEO Daniel Florness on Glassdoor.com. Daniel Florness has an approval rating of 85% among Fastenal'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 many different institutional and retail investors. Top institutional investors include Farmer Steven Patrick (0.49%), First Financial Bank Trust Division (0.03%) and Park National Corp OH (0.00%). Company insiders that own Fastenal 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, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski.
View institutional ownership trends for Fastenal
.

Which major investors are selling Fastenal stock?

FAST stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH. Company insiders that have sold Fastenal company stock in the last two years include Charles S Miller, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, Nicholas J Lundquist, Reyne K Wisecup, Rita J Heise, Sheryl Ann Lisowski, Terry Modock Owen, and William Joseph Drazkowski.
View insider buying and selling activity for Fastenal
or view top insider-selling stocks.

Which major investors are buying Fastenal stock?

FAST stock was acquired by a variety of institutional investors in the last quarter, including Farmer Steven Patrick, and First Financial Bank Trust Division. Company insiders that have bought Fastenal stock in the last two years include Daniel L Johnson, Hsenghung Sam Hsu, James C Jansen, Michael J Ancius, Michael John Dolan, Sarah N Nielsen, and Stephen L Eastman.
View insider buying and selling activity for Fastenal
or or view top insider-buying stocks.

How do I buy shares of Fastenal?

Shares of FAST 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 $50.42.

How much money does Fastenal make?

Fastenal (NASDAQ:FAST) has a market capitalization of $29.02 billion and generates $6.01 billion in revenue each year. The company earns $925 million in net income (profit) each year or $1.71 on an earnings per share basis.

How many employees does Fastenal have?

Fastenal 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 (Shanghai) International Trading Co. Ltd., Fastenal (Shenzhen) International Trading Co. Ltd., Fastenal (Thailand) Ltd., Fastenal (Tianjin) International 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 Colombia S.A.S., 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 Latin America S.A., Fastenal Malaysia SDN BHD, Fastenal Mexico LLC, Fastenal Mexico S. de R.L. de C.V., Fastenal Mexico Services S. de R.L. de C.V., Fastenal Netherlands Holdings B.V., Fastenal Panama S.A., Fastenal Singapore PTE Ltd., Holo-Krome, Innova Holdings LLC, Innova Supply Chain Solutions LLC, Manufacturers Supply, and River Surplus and Supply LLC.
Read More

When was Fastenal founded?

Fastenal was founded in 1967.

How can I contact Fastenal?

Fastenal's mailing address is 2001 THEURER BLVD, WINONA MN, 55987. The official website for Fastenal 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 7/6/2022 by MarketBeat.com Staff

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