Fastenal (FAST) Stock Forecast, Price & News

7 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, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

7 brokerages have issued 12 month target prices for Fastenal's stock. Their FAST share price forecasts range from $46.00 to $61.00. On average, they predict the company's share price to reach $53.14 in the next twelve months. This suggests that the stock has a possible downside of 4.0%.
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Fastenal's stock was trading at $47.32 at the start of the year. Since then, FAST stock has increased by 17.0% and is now trading at $55.37.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 12th 2023.
View our FAST earnings forecast.

Fastenal (NASDAQ:FAST) posted its quarterly earnings data on Thursday, April, 13th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm earned $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Fastenal had a trailing twelve-month return on equity of 34.83% and a net margin of 15.59%. The company's revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS.
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Fastenal declared a quarterly dividend on Wednesday, April 12th. Investors of record on Thursday, April 27th will be paid a dividend of $0.35 per share on Thursday, May 25th. This represents a $1.40 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Wednesday, April 26th.
Read our dividend analysis for FAST.

ETFs with the largest weight of Fastenal (NASDAQ:FAST) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), Franklin Disruptive Commerce ETF (BUYZ), iShares U.S. Basic Materials ETF (IYM), Global X U.S. Infrastructure Development ETF (PAVE), VictoryShares THB Mid Cap ESG ETF (MDCP), Formidable Fortress ETF (KONG), Logan Capital Broad Innovative Growth ETF (LCLG) and SEI Enhanced U.S. Large Cap Quality Factor ETF (SEIQ).

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.60%. 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 71.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 66.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FAST.

Shares of Fastenal 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 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.

Fastenal announced that its Board of Directors has initiated a share buyback program on Tuesday, July 12th 2022, which permits the company to buyback 8,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.

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).

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

Fastenal's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.91%), State Street Corp (4.94%), Bank of New York Mellon Corp (4.51%), Geode Capital Management LLC (2.39%), Charles Schwab Investment Management Inc. (1.98%) and Principal Financial Group Inc. (1.41%). 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, 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 and William Joseph Drazkowski.
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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.
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One share of FAST stock can currently be purchased for approximately $55.37.

Fastenal (NASDAQ:FAST) has a market capitalization of $31.62 billion and generates $7.14 billion in revenue each year. The company earns $1.09 billion in net income (profit) each year or $1.95 on an earnings per share basis.

The company employs 22,386 workers across the globe.

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.