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NASDAQ:FAST

Fastenal - FAST Stock Forecast, Price & News

$55.20
-0.60 (-1.08%)
(As of 08/19/2022 10:21 AM ET)
Add
Compare
Today's Range
$55.07
$55.52
50-Day Range
$46.77
$56.11
52-Week Range
$45.68
$64.75
Volume
22,048 shs
Average Volume
2.78 million shs
Market Capitalization
$31.72 billion
P/E Ratio
30.84
Dividend Yield
2.23%
Price Target
$53.86

Fastenal MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
2.4% Downside
$53.86 Price Target
Short Interest
Bearish
2.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.15
Upright™ Environmental Score
News Sentiment
0.52mentions of Fastenal in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.29 M Sold Last Quarter
Proj. Earnings Growth
2.67%
From $1.87 to $1.92 Per Share

Overall MarketRank

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

2.14 out of 5 stars

Retail/Wholesale Sector

145th out of 218 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

FAST has been the subject of several recent analyst reports. StockNews.com cut shares of Fastenal from a "buy" rating to a "hold" rating in a report on Thursday, July 14th. Morgan Stanley decreased their target price on shares of Fastenal from $48.00 to $42.00 and set an "underweight" rating for the company in a report on Thursday, July 14th. Robert W. Baird cut shares of Fastenal from an "outperform" rating to a "neutral" rating and set a $48.00 price target for the company. in a report on Thursday, July 14th. UBS Group decreased their price target on shares of Fastenal from $62.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, July 14th. Finally, Argus decreased their price target on shares of Fastenal from $66.00 to $55.00 and set a "buy" rating for the company in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $53.86.

Fastenal Price Performance

Shares of FAST opened at $55.80 on Friday. The firm has a market cap of $32.07 billion, a PE ratio of 31.17, a PEG ratio of 3.31 and a beta of 1.22. The firm's 50 day moving average price is $50.70 and its 200 day moving average price is $53.39. 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 has a twelve month low of $45.68 and a twelve month high of $64.75.

Fastenal (NASDAQ:FAST - Get Rating) last issued its quarterly earnings data on Wednesday, July 13th. The company reported $0.50 earnings per share 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 net margin of 15.70% and a return on equity of 33.47%. The company's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. As a group, research analysts expect that Fastenal will post 1.88 EPS for the current fiscal year.

Fastenal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, July 27th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, July 26th. Fastenal's payout ratio is presently 69.27%.

Insider Activity

In other news, VP Charles S. Miller sold 23,136 shares of Fastenal stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $55.90, for a total value of $1,293,302.40. Following the transaction, the vice president now owns 7,500 shares of the company's stock, valued at $419,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Charles S. Miller sold 23,136 shares of Fastenal stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $55.90, for a total value of $1,293,302.40. Following the transaction, the vice president now owns 7,500 shares of the company's stock, valued at $419,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Sheryl Ann Lisowski purchased 1,058 shares of the company's stock in a transaction dated 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 $237,626.48. The disclosure for this purchase can be found here. Insiders have bought a total of 2,736 shares of company stock valued at $131,599 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

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FAST Stock News Headlines

Brokerages Set Fastenal (NASDAQ:FAST) Price Target at $53.86
Fastenal (NASDAQ:FAST) VP Charles S. Miller Sells 23,136 Shares
Company News for Jul 14, 2022
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
8/19/2022
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
-2.4%
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
$1.89 per share
Book Value
$5.53 per share

Miscellaneous

Free Float
572,380,000
Market Cap
$31.72 billion
Optionable
Optionable
Beta
1.22

Social Links


Key Executives

  • Mr. Daniel L. Florness (Age 59)
    Pres, CEO & Director
    Comp: $1.89M
  • Mr. Holden Lewis (Age 53)
    Exec. VP & CFO
    Comp: $1.04M
  • Mr. Terry Modock OwenMr. Terry Modock Owen (Age 54)
    Sr. Exec. VP of Sales Operations
    Comp: $1.29M
  • Ms. Reyne K. Wisecup (Age 59)
    Sr. EVP of HR & Director
    Comp: $42.5k
  • Mr. William Joseph DrazkowskiMr. William Joseph Drazkowski (Age 51)
    Exec. VP of Sales
    Comp: $1.13M
  • Mr. Jeffery M. Watts (Age 50)
    Exec. VP of International Sales
    Comp: $1.38M
  • Ms. Sheryl Ann LisowskiMs. Sheryl Ann Lisowski (Age 55)
    Exec. VP, Chief Accounting Officer & Treasurer
  • John J. Milek
    VP & Gen. Counsel
  • Ms. Ellen Stolts
    Financial Reporting & Regulatory Compliance Mang.
  • Mr. James C. JansenMr. James C. Jansen (Age 52)
    Exec. VP of Manufacturing













FAST Stock - Frequently Asked Questions

Should I buy or sell Fastenal stock right now?

7 Wall Street 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 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 equities research analysts have issued 12 month price targets for Fastenal's stock. Their FAST share price forecasts range from $42.00 to $65.00. On average, they predict the company's share price to reach $53.86 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for FAST
or view top-rated stocks among Wall Street analysts.

How have FAST shares performed in 2022?

Fastenal's stock was trading at $64.06 on January 1st, 2022. Since then, FAST shares have decreased by 12.9% and is now trading at $55.80.
View the best growth stocks for 2022 here
.

When is Fastenal's next earnings date?

The company 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 data on Wednesday, July, 13th. The company reported $0.50 earnings per share for the quarter, meeting analysts' consensus estimates of $0.50. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.77 billion. Fastenal had a net margin of 15.70% and a trailing twelve-month return on equity of 33.47%. The company's quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Investors 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 dividend yield of 2.22%. 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 2.23%. 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 64.58% 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 created shares were payable 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.

How will Fastenal's stock buyback program work?

Fastenal announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 12th 2022, which permits the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership 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 a number of retail and institutional investors. Top institutional investors include State Street Corp (4.76%), Principal Financial Group Inc. (1.56%), Northern Trust Corp (1.24%), Baird Financial Group Inc. (1.14%), Cantillon Capital Management LLC (0.95%) and Franklin Resources Inc. (0.93%). 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 $55.80.

How much money does Fastenal make?

Fastenal (NASDAQ:FAST) has a market capitalization of $32.07 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?

The company 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 8/19/2022 by MarketBeat.com Staff

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