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NASDAQ:FASTFastenal Stock Price, Forecast & News

$43.02
-1.04 (-2.36 %)
(As of 07/8/2020 04:00 PM ET)
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Today's Range
$42.57
Now: $43.02
$44.12
50-Day Range
$38.56
MA: $41.45
$44.22
52-Week Range
$26.72
Now: $43.02
$44.79
Volume4.69 million shs
Average Volume4.00 million shs
Market Capitalization$24.64 billion
P/E Ratio30.95
Dividend Yield2.27%
Beta1.2
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as 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 various pins and 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. As of December 31, 2018, the company distributed its products through a network of 2,227 company owned stores. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.35 out of 5 stars


Industry, Sector and Symbol

Industry Building materials, hardware, garden supply & mobile home dealers
Sub-IndustryTrading Companies & Distributors
Current SymbolNASDAQ:FAST
CUSIP31190010
Phone507-454-5374

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.33 billion
Cash Flow$1.60 per share
Book Value$4.64 per share

Profitability

Net Income$790.90 million

Miscellaneous

Employees21,948
Market Cap$24.64 billion
Next Earnings Date7/14/2020 (Confirmed)
OptionableOptionable

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Fastenal (NASDAQ:FAST) Frequently Asked Questions

How has Fastenal's stock been impacted by COVID-19 (Coronavirus)?

Fastenal's stock was trading at $32.93 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FAST stock has increased by 30.6% and is now trading at $43.02. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Fastenal?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 1 sell rating, 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Fastenal.

When is Fastenal's next earnings date?

Fastenal is scheduled to release its next quarterly earnings announcement on Tuesday, July 14th 2020. View our earnings forecast for Fastenal.

How can I listen to Fastenal's earnings call?

Fastenal will be holding an earnings conference call on Tuesday, July 14th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) posted its earnings results on Tuesday, April, 14th. The company reported $0.35 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.01. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. Fastenal had a return on equity of 30.71% and a net margin of 14.83%. Fastenal's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share. View Fastenal's earnings history.

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

Fastenal announced a quarterly dividend on Monday, April 13th. Stockholders of record on Tuesday, April 28th will be given a dividend of $0.25 per share on Tuesday, May 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, April 27th. View Fastenal's dividend history.

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

Fastenal's stock split on the morning of 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 market closes 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.

What price target have analysts set for FAST?

13 Wall Street analysts have issued 12-month target prices for Fastenal's stock. Their forecasts range from $34.00 to $377.00. On average, they expect Fastenal's share price to reach $73.80 in the next year. This suggests a possible upside of 71.5% from the stock's current price. View analysts' price targets for Fastenal.

Has Fastenal been receiving favorable news coverage?

News headlines about FAST stock have trended negative this week, InfoTrie reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Fastenal earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Fastenal.

Are investors shorting Fastenal?

Fastenal saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 19,210,000 shares, a decline of 9.5% from the June 15th total of 21,220,000 shares. Based on an average daily trading volume, of 4,700,000 shares, the short-interest ratio is currently 4.1 days. Currently, 3.4% of the company's stock are sold short. View Fastenal's Current Options Chain.

Who are some of Fastenal's key competitors?

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), Starbucks (SBUX), Walt Disney (DIS), Micron Technology (MU), AT&T (T), NVIDIA (NVDA), QUALCOMM (QCOM), AbbVie (ABBV), Bank of America (BAC) and Target (TGT).

Who are Fastenal's key executives?

Fastenal's management team includes the following people:
  • Mr. Daniel L. Florness, Pres, CEO & Director (Age 56)
  • Mr. Holden Lewis, Exec. VP & CFO (Age 50)
  • Ms. Reyne K. Wisecup, Sr. EVP of HR & Director (Age 56)
  • Mr. Terry Modock Owen, Sr. Exec. VP of Sales Operations (Age 51)
  • Mr. Jeffery M. Watts, Exec. VP of International Sales (Age 47)

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 Confluence Investment Management LLC (0.60%), Riverbridge Partners LLC (0.55%), Envestnet Asset Management Inc. (0.13%), State of Alaska Department of Revenue (0.03%), First Financial Bank Trust Division (0.03%) and DNB Asset Management AS (0.02%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Darren R Jackson, Holden Lewis, John Lewis Soderberg, Leland J Hein, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, Sheryl Ann Lisowski, 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 Confluence Investment Management LLC, State of Alaska Department of Revenue, M&R Capital Management Inc., OmniStar Financial Group Inc., and Park National Corp OH. Company insiders that have sold Fastenal company stock in the last year include Charles S Miller, Daniel L Florness, Leland J Hein, Michael John Dolan, Sheryl Ann Lisowski, Willard D Oberton, and William Joseph Drazkowski. View insider buying and selling activity for Fastenal.

Which major investors are buying Fastenal stock?

FAST stock was purchased by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Envestnet Asset Management Inc., First Financial Bank Trust Division, Fulton Bank N. A., Bath Savings Trust Co, DNB Asset Management AS, Founders Capital Management LLC, and Private Trust Co. NA. Company insiders that have bought Fastenal stock in the last two years include Daniel L Florness, Daniel L Johnson, Darren R Jackson, Holden Lewis, Michael J Ancius, Terry Modock Owen, and William Joseph Drazkowski. View insider buying and selling activity for Fastenal.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $43.02.

How big of a company is Fastenal?

Fastenal has a market capitalization of $24.64 billion and generates $5.33 billion in revenue each year. The company earns $790.90 million in net income (profit) each year or $1.38 on an earnings per share basis. Fastenal employs 21,948 workers across the globe.

What is Fastenal's official website?

The official website for Fastenal is www.fastenal.com.

How can I contact Fastenal?

Fastenal's mailing address is 2001 THEURER BLVD, WINONA MN, 55987. The company can be reached via phone at 507-454-5374 or via email at [email protected]

This page was last updated on 7/9/2020 by MarketBeat.com Staff

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