Fastenal - FAST Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. 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 Wall Street analysts have issued 1 year price targets for Fastenal's stock. Their FAST share price forecasts range from $43.00 to $60.00. On average, they predict the company's share price to reach $51.86 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
View analysts price targets for FAST or view top-rated stocks among Wall Street analysts.

Fastenal's stock was trading at $64.06 on January 1st, 2022. Since then, FAST stock has decreased by 22.3% and is now trading at $49.76.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our FAST earnings forecast.

Fastenal (NASDAQ:FAST) released its quarterly earnings data on Thursday, October, 13th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company earned $1.80 billion during the quarter, compared to the consensus estimate of $1.78 billion. Fastenal had a net margin of 15.73% and a trailing twelve-month return on equity of 34.25%. The firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 EPS.
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Fastenal announced a quarterly dividend on Wednesday, October 12th. Shareholders of record on Thursday, October 27th will be given a dividend of $0.31 per share on Wednesday, November 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, October 26th.
Read our dividend analysis for FAST.

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.42%. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 65.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FAST.

Fastenal's stock split on 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 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 declared that its Board of Directors has approved a share buyback program on Tuesday, July 12th 2022, which authorizes the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.05%), BlackRock Inc. (7.83%), State Street Corp (4.89%), Bank of New York Mellon Corp (4.70%), Baird Financial Group Inc. (1.17%) and Royal Bank of Canada (0.95%). 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, 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 $49.76.

Fastenal (NASDAQ:FAST) has a market capitalization of $28.50 billion and generates $6.01 billion in revenue each year. The company earns $925 million in net income (profit) each year or $1.87 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.