NASDAQ:FAST - Fastenal Stock Price, News, & Analysis

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$61.70 -2.18 (-3.41 %)
(As of 03/24/2019 04:00 PM ET)
Previous Close$61.70
Today's Range$61.66 - $63.79
52-Week Range$47.37 - $63.97
Volume1.70 million shs
Average Volume1.73 million shs
Market Capitalization$17.66 billion
P/E Ratio23.46
Dividend Yield2.79%
Beta1.17
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as 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 various pins and 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. As of December 31, 2018, the company distributed its products through a network of 2,227 company owned stores. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

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Industry, Sector and Symbol

Industry Building materials, hardware, garden supply & mobile home dealers
Sub-IndustryTrading Companies & Distributors
SectorRetail/Wholesale
Current SymbolNASDAQ:FAST
CUSIP31190010
Phone507-454-5374

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.97 billion
Cash Flow$3.1225 per share
Book Value$8.05 per share

Profitability

Net Income$751.90 million

Miscellaneous

Employees21,644
Market Cap$17.66 billion
Next Earnings Date4/10/2019 (Estimated)
OptionableOptionable

Fastenal (NASDAQ:FAST) Frequently Asked Questions

What is Fastenal's stock symbol?

Fastenal trades on the NASDAQ under the ticker symbol "FAST."

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

Fastenal announced a quarterly dividend on Wednesday, January 16th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.43 per share on Wednesday, February 27th. This represents a $1.72 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, January 30th. This is an increase from Fastenal's previous quarterly dividend of $0.40. View Fastenal's Dividend History.

How will Fastenal's stock buyback program work?

Fastenal announced that its board has initiated a stock buyback program on Wednesday, July 12th 2017, which authorizes the company to repurchase 5,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) announced its quarterly earnings data on Thursday, January, 17th. The company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. Fastenal had a return on equity of 33.48% and a net margin of 15.14%. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. View Fastenal's Earnings History.

When is Fastenal's next earnings date?

Fastenal is scheduled to release their next quarterly earnings announcement on Wednesday, April 10th 2019. View Earnings Estimates for Fastenal.

What price target have analysts set for FAST?

13 brokers have issued twelve-month target prices for Fastenal's stock. Their forecasts range from $50.00 to $63.00. On average, they expect Fastenal's stock price to reach $56.7778 in the next year. This suggests that the stock has a possible downside of 8.0%. View Analyst Price Targets for Fastenal.

What is the consensus analysts' recommendation for Fastenal?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fastenal.

Has Fastenal been receiving favorable news coverage?

Headlines about FAST stock have trended neutral this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Fastenal earned a news impact score of 0.2 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the near future.

Are investors shorting Fastenal?

Fastenal saw a decline in short interest during the month of February. As of February 15th, there was short interest totalling 23,705,393 shares, a decline of 9.7% from the January 31st total of 26,261,976 shares. Based on an average daily volume of 2,357,320 shares, the short-interest ratio is presently 10.1 days. Currently, 8.4% of the company's shares are sold short. View Fastenal's Current Options Chain.

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 CA (CA), Intel (INTC), Micron Technology (MU), Johnson & Johnson (JNJ), Caterpillar (CAT), The Coca-Cola (KO), Procter & Gamble (PG), BlackRock (BLK), Verizon Communications (VZ) and Cisco Systems (CSCO).

Who are Fastenal's key executives?

Fastenal's management team includes the folowing people:
  • Mr. Daniel L. Florness, Pres, CEO & Director (Age 56)
  • Mr. Holden Lewis, Exec. VP & CFO (Age 50)
  • Ms. Reyne K. Wisecup, Sr. EVP of HR & Director (Age 56)
  • Mr. Terry Modock Owen, Sr. Exec. VP of Sales Operations (Age 51)
  • Mr. Jeffery M. Watts, Exec. VP of International Sales (Age 47)

Who are Fastenal's major shareholders?

Fastenal's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.94%), Bank of New York Mellon Corp (5.55%), Geode Capital Management LLC (1.46%), Northern Trust Corp (1.28%), Oregon Public Employees Retirement Fund (1.27%) and Cantillon Capital Management LLC (1.13%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Darren R Jackson, Gary A Polipnick, Holden Lewis, James C Jansen, John Lewis Soderberg, Leland J Hein, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, Sheryl Ann Lisowski, Stephen L Eastman, Terry Modock Owen 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 Millennium Management LLC, D. E. Shaw & Co. Inc., Los Angeles Capital Management & Equity Research Inc., Nicholas Company Inc., Canada Pension Plan Investment Board, LPL Financial LLC, Connor Clark & Lunn Investment Management Ltd. and Bank of Montreal Can. Company insiders that have sold Fastenal company stock in the last year include James C Jansen, John Lewis Soderberg, Leland J Hein, Michael John Dolan, Nicholas J Lundquist and Sheryl Ann Lisowski. View Insider Buying and Selling for Fastenal.

Which institutional investors are buying Fastenal stock?

FAST stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, London Co. of Virginia, Norges Bank, Pendal Group Ltd, Bank of New York Mellon Corp, BlackRock Inc., Nordea Investment Management AB and First Trust Advisors LP. Company insiders that have bought Fastenal stock in the last two years include Daniel L Florness, Daniel L Johnson, Darren R Jackson, Holden Lewis, Michael J Ancius, Stephen L Eastman, Terry Modock Owen and William Joseph Drazkowski. View Insider Buying and Selling for Fastenal.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $61.70.

How big of a company is Fastenal?

Fastenal has a market capitalization of $17.66 billion and generates $4.97 billion in revenue each year. The company earns $751.90 million in net income (profit) each year or $2.63 on an earnings per share basis. Fastenal employs 21,644 workers across the globe.

What is Fastenal's official website?

The official website for Fastenal is http://www.fastenal.com.

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]


MarketBeat Community Rating for Fastenal (NASDAQ FAST)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  302 (Vote Outperform)
Underperform Votes:  489 (Vote Underperform)
Total Votes:  791
MarketBeat's community ratings are surveys of what our community members think about Fastenal and other stocks. Vote "Outperform" if you believe FAST will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FAST will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

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