Fastenal - FAST Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. 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.

7 equities research analysts have issued twelve-month price targets for Fastenal's stock. Their FAST share price forecasts range from $42.00 to $60.00. On average, they predict the company's share price to reach $51.14 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
View analysts price targets for FAST or view top-rated stocks among Wall Street analysts.

Fastenal's stock was trading at $47.32 at the beginning of the year. Since then, FAST stock has increased by 13.0% and is now trading at $53.48.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 12th 2023.
View our FAST earnings forecast.

Fastenal (NASDAQ:FAST) issued its quarterly earnings data on Thursday, January, 19th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The firm earned $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. Fastenal had a net margin of 15.57% and a trailing twelve-month return on equity of 34.38%. The company's revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share.
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Fastenal announced a quarterly dividend on Wednesday, January 18th. Stockholders of record on Thursday, February 2nd will be paid a dividend of $0.35 per share on Thursday, March 2nd. This represents a $1.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, February 1st. This is a boost from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for FAST.

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.58%. 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 73.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 67.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FAST.

Fastenal shares split on the morning of 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 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.

Fastenal announced that its board has initiated a stock repurchase program on Tuesday, July 12th 2022, which allows the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is 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 a variety of retail and institutional investors. Top institutional investors include Cantillon Capital Management LLC (0.93%), Riverbridge Partners LLC (0.57%), Provident Trust Co. (0.56%), Baillie Gifford & Co. (0.53%), Bank of Montreal Can (0.52%) and Confluence Investment Management LLC (0.50%). 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, Willard D Oberton 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 $53.48.

Fastenal (NASDAQ:FAST) has a market capitalization of $30.63 billion and generates $6.98 billion in revenue each year. The company earns $1.09 billion in net income (profit) each year or $1.90 on an earnings per share basis.

The company employs 20,507 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.