NASDAQ:FAST

Fastenal Stock Forecast, Price & News

$51.43
+0.72 (+1.42 %)
(As of 06/21/2021 03:45 PM ET)
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Today's Range
$50.81
$51.90
50-Day Range
$49.98
$54.18
52-Week Range
$40.44
$54.32
Volume152,358 shs
Average Volume3.26 million shs
Market Capitalization$29.54 billion
P/E Ratio34.06
Dividend Yield2.21%
Beta1.27
30 days | 90 days | 365 days | Advanced Chart
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Fastenal logo

About Fastenal

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 3,268 in-market locations and 16 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

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MarketRank

Overall MarketRank

1.65 out of 5 stars

Retail/Wholesale Sector

105th out of 401 stocks

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

5th out of 10 stocks

Analyst Opinion: 1.1Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Fastenal (NASDAQ:FAST) Frequently Asked Questions

Is Fastenal a buy right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 stocks does MarketBeat like better than Fastenal?

Wall Street analysts have given Fastenal a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fastenal wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Fastenal's next earnings date?

Fastenal is scheduled to release its next quarterly earnings announcement on Tuesday, July 13th 2021.
View our earnings forecast for Fastenal
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) issued its quarterly earnings data on Monday, April, 12th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The business earned $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. Fastenal had a net margin of 15.22% and a trailing twelve-month return on equity of 31.00%. The company's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS.
View Fastenal's earnings history
.

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

Fastenal's stock was trading at $32.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FAST stock has increased by 56.3% and is now trading at $51.48.
View which stocks have been most impacted by COVID-19
.

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

Fastenal announced a quarterly dividend on Monday, April 12th. Investors of record on Monday, April 26th will be given a dividend of $0.28 per share on Tuesday, May 25th. This represents a $1.12 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, April 23rd.
View Fastenal's dividend history
.

Is Fastenal a good dividend stock?

Fastenal pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.21%. Fastenal does not yet have a strong track record of dividend growth. The dividend payout ratio of Fastenal is 75.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Fastenal will have a dividend payout ratio of 65.88% 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's stock split before market open on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly issued shares were issued 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.

What price target have analysts set for FAST?

10 Wall Street analysts have issued twelve-month target prices for Fastenal's shares. Their forecasts range from $34.00 to $53.00. On average, they anticipate Fastenal's stock price to reach $47.25 in the next twelve months. This suggests that the stock has a possible downside of 8.2%.
View analysts' price targets for Fastenal
or view top-rated stocks among Wall Street analysts.

Who are Fastenal's key executives?

Fastenal's management team includes the following people:
  • Mr. Daniel L. Florness, Pres, CEO & Director (Age 58, Pay $2.06M)
  • Mr. Holden Lewis, Exec. VP & CFO (Age 52, Pay $1.07M)
  • Ms. Reyne K. Wisecup, Sr. EVP of HR & Director (Age 58, Pay $1.08M)
  • Mr. Terry Modock Owen, Sr. Exec. VP of Sales Operations (Age 53, Pay $1.45M)
  • Mr. Jeffery M. Watts, Exec. VP of International Sales (Age 49, Pay $1.15M)
  • Ms. Sheryl Ann Lisowski, Exec. VP, Chief Accounting Officer & Treasurer (Age 54)
  • John J. Milek, VP & Gen. Counsel
  • Ms. Ellen Stolts, Financial Reporting & Regulatory Compliance Mang.
  • Mr. James C. Jansen, Exec. VP of Manufacturing (Age 51)
  • Mr. John Lewis Soderberg, Sr. Exec. VP of Information Technology (Age 50)

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.

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), Johnson & Johnson (JNJ), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), AbbVie (ABBV), Cisco Systems (CSCO), The 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.80%), Bank of New York Mellon Corp (5.46%), Geode Capital Management LLC (1.91%), Principal Financial Group Inc. (1.44%), Janus Henderson Group PLC (1.30%) and Northern Trust Corp (1.22%). 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 John Dolan, Rita J Heise, Sheryl Ann Lisowski, Stephen L Eastman, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski.
View institutional ownership trends for Fastenal
.

Which institutional investors are selling Fastenal stock?

FAST stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, D. E. Shaw & Co. Inc., Holocene Advisors LP, Arrowstreet Capital Limited Partnership, Waddell & Reed Financial Inc., APG Asset Management N.V., AGF Investments Inc., and American International Group Inc.. Company insiders that have sold Fastenal company stock in the last year include James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, 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 institutional investors are buying Fastenal stock?

FAST stock was acquired by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Amundi Asset Management US Inc., BlackRock Inc., Schroder Investment Management Group, Dearborn Partners LLC, Mirae Asset Global Investments Co. Ltd., Bank of New York Mellon Corp, and Janus Henderson Group PLC. Company insiders that have bought Fastenal stock in the last two years include Daniel L Johnson, Darren R Jackson, Hsenghung Sam Hsu, Michael J Ancius, Michael John Dolan, 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 $51.48.

How much money does Fastenal make?

Fastenal has a market capitalization of $29.57 billion and generates $5.65 billion in revenue each year. The company earns $859.10 million in net income (profit) each year or $1.49 on an earnings per share basis.

How many employees does Fastenal have?

Fastenal employs 20,365 workers across the globe.

Does Fastenal have any subsidiaries?

The following companies are subsidiares of Fastenal: Av-Tech Industries Inc, 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 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., Manufacturers Supply Company, and River Surplus and Supply LLC.

When was Fastenal founded?

Fastenal was founded in 1967.

What is Fastenal's official website?

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

Where are Fastenal's headquarters?

Fastenal is headquartered at 2001 THEURER BLVD, WINONA MN, 55987.

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 6/21/2021 by MarketBeat.com Staff
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