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NASDAQ:FAST

Fastenal - FAST Stock Forecast, Price & News

$53.53
+0.58 (+1.10%)
(As of 08/8/2022 12:47 PM ET)
Add
Compare
Today's Range
$53.27
$53.91
50-Day Range
$46.77
$55.14
52-Week Range
$45.68
$64.75
Volume
64,114 shs
Average Volume
3.48 million shs
Market Capitalization
$30.76 billion
P/E Ratio
29.91
Dividend Yield
2.34%
Price Target
$53.86

Fastenal MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
0.7% Upside
$53.86 Price Target
Short Interest
Healthy
2.07% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.15
Upright™ Environmental Score
News Sentiment
0.19mentions of Fastenal in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$182,599 Bought Last Quarter
Proj. Earnings Growth
3.72%
From $1.88 to $1.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Retail/Wholesale Sector

84th out of 261 stocks

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

3rd out of 6 stocks

FAST stock 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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group lowered their target price on Fastenal from $62.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, July 14th. StockNews.com lowered Fastenal from a "buy" rating to a "hold" rating in a research note on Thursday, July 14th. Argus cut their price target on Fastenal from $66.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, July 15th. Robert W. Baird downgraded Fastenal from an "outperform" rating to a "neutral" rating and set a $48.00 price objective for the company. in a report on Thursday, July 14th. Finally, Morgan Stanley cut their price target on Fastenal from $48.00 to $42.00 and set an "underweight" rating for the company in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Fastenal currently has an average rating of "Hold" and a consensus target price of $53.86.

Fastenal Stock Performance

Fastenal stock traded up $0.66 during midday trading on Friday, hitting $52.95. 2,049,176 shares of the company's stock were exchanged, compared to its average volume of 3,709,755. Fastenal has a 12-month low of $45.68 and a 12-month high of $64.75. The firm's 50 day simple moving average is $50.54 and its 200 day simple moving average is $53.41. The stock has a market cap of $30.43 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 3.13 and a beta of 1.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.75 and a current ratio of 3.71.

Fastenal (NASDAQ:FAST - Get Rating) last issued its quarterly earnings results on Wednesday, July 13th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.77 billion. Fastenal had a return on equity of 33.47% and a net margin of 15.70%. The firm's quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. Equities research analysts predict that Fastenal will post 1.88 EPS for the current year.

Fastenal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, July 27th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, July 26th. This represents a $1.24 dividend on an annualized basis and a yield of 2.34%. Fastenal's dividend payout ratio (DPR) is 69.27%.

Insider Buying and Selling at Fastenal

In other Fastenal news, CAO Sheryl Ann Lisowski acquired 1,058 shares of the firm's stock in a transaction on Thursday, July 14th. The stock was purchased at an average cost of $46.63 per share, for a total transaction of $49,334.54. Following the transaction, the chief accounting officer now owns 5,096 shares of the company's stock, valued at approximately $237,626.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Sheryl Ann Lisowski bought 1,058 shares of the business's stock in a transaction that occurred on Thursday, July 14th. The stock was acquired at an average cost of $46.63 per share, for a total transaction of $49,334.54. Following the completion of the purchase, the chief accounting officer now owns 5,096 shares of the company's stock, valued at approximately $237,626.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Ancius bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, May 11th. The stock was purchased at an average price of $51.00 per share, with a total value of $51,000.00. Following the completion of the purchase, the director now directly owns 27,587 shares of the company's stock, valued at approximately $1,406,937. The disclosure for this purchase can be found here. Insiders purchased a total of 3,736 shares of company stock worth $182,599 over the last ninety days. Company insiders own 0.40% of the company's stock.

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FAST Stock News Headlines

Fastenal Stock By the Numbers
Fastenal (NASDAQ: FAST) is the largest distributor in North America of industrial safety and construction supplies, and also offers third-party logistics. Sales and estimates came in strong as demand continued to remain on a strong footing. Construction, OEM, airline, and manufacturing all continued to see strong demand,
3 Stocks to Buy Ahead of Q2 Earnings (FAST)
With second quarter earnings season kicking off this week, we won’t see anywhere near the type of performances that we did last year.
KeyCorp Comments on Fastenal's FY2022 Earnings (NASDAQ:FAST)
Fastenal (NASDAQ:FAST) Price Target Cut to $55.00
Fastenal (NASDAQ:FAST) Lowered to Neutral at Robert W. Baird
Fastenal (NASDAQ:FAST) Downgraded by StockNews.com to Hold
See More Headlines
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FAST Company Calendar

Ex-Dividend for 5/25 Dividend
4/26/2022
Dividend Payable
5/25/2022
Last Earnings
7/13/2022
Ex-Dividend for 8/24 Dividend
7/26/2022
Today
8/08/2022
Dividend Payable
8/24/2022
Next Earnings (Estimated)
10/11/2022
Fiscal Year End
12/31/2022

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

Price Target and Rating

Average Stock Price Forecast
$53.86
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+0.6%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$925 million
Pretax Margin
20.57%

Debt

Sales & Book Value

Annual Sales
$6.01 billion
Cash Flow
$1.92 per share
Book Value
$5.29 per share

Miscellaneous

Free Float
572,380,000
Market Cap
$30.76 billion
Optionable
Optionable
Beta
1.22

Social Links















FAST Stock - Frequently Asked Questions

Should I buy or sell Fastenal stock right now?

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.

What is Fastenal's stock price forecast for 2022?

7 brokers have issued 12-month target prices for Fastenal's stock. Their FAST stock forecasts range from $42.00 to $65.00. On average, they expect the company's share price to reach $53.86 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
View analysts price targets for FAST
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 at the start of the year. Since then, FAST shares have decreased by 16.7% and is now trading at $53.39.
View the best growth stocks for 2022 here
.

Are investors shorting Fastenal?

Fastenal saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 11,850,000 shares, a decrease of 17.8% from the June 30th total of 14,410,000 shares. Based on an average trading volume of 3,390,000 shares, the short-interest ratio is currently 3.5 days. Currently, 2.1% of the shares of the company are short sold.
View Fastenal's Short Interest
.

When is Fastenal's next earnings date?

Fastenal is scheduled to release its next quarterly earnings announcement on Tuesday, October 11th 2022.
View our FAST earnings forecast
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) released its quarterly earnings results on Wednesday, July, 13th. The company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.77 billion. Fastenal had a trailing twelve-month return on equity of 33.47% and a net margin of 15.70%. The firm's revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS.
Read the conference call transcript
.

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

Fastenal announced a quarterly dividend on Tuesday, July 12th. Shareholders of record on Wednesday, July 27th will be paid a dividend of $0.31 per share on Wednesday, August 24th. This represents a $1.24 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Tuesday, July 26th.
Read our dividend analysis for FAST
.

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 2.34%. 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 69.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 63.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FAST.

When did Fastenal's stock split?

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 issued 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.

How will Fastenal's stock buyback program work?

Fastenal announced that its Board of Directors has approved a share buyback program on Tuesday, July 12th 2022, which authorizes the company to buyback 8,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

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

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.

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 retail and institutional investors. Top institutional investors include Cantillon Capital Management LLC (0.95%), Riverbridge Partners LLC (0.60%), Baillie Gifford & Co. (0.52%), Provident Trust Co. (0.49%), Confluence Investment Management LLC (0.49%) and Sumitomo Mitsui Trust Holdings Inc. (0.46%). Insiders that own company 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
.

How do I buy shares of Fastenal?

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.
Compare Top Brokerages Here.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $53.39.

How much money does Fastenal make?

Fastenal (NASDAQ:FAST) has a market capitalization of $30.68 billion and generates $6.01 billion in revenue each year. The company earns $925 million in net income (profit) each year or $1.79 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 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 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 Malaysia Sdn. Bhd., Fastenal Mexico LLC, Fastenal Mexico S. de R.L. de C.V., Fastenal Netherlands Holdings B.V., Fastenal Panama S.A., Fastenal Shanghai International Trading Co. Ltd., Fastenal Shenzhen International Trading Co. Ltd., Fastenal Singapore Pte. Ltd., Fastenal Thailand Ltd., Fastenal Tianjin International Trading Co. 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 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.

This page (NASDAQ:FAST) was last updated on 8/8/2022 by MarketBeat.com Staff

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