Fastenal Stock Forecast, Price & News

Fastenal's stock was trading at $32.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FAST stock has increased by 46.3% and is now trading at $48.1650.
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11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 1 sell rating, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 MarketBeat's top 5 stock picks.

Wall Street analysts have given Fastenal a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fastenal wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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1,448 employees have rated Fastenal CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Fastenal's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

Fastenal (NASDAQ:FAST) released its earnings results on Tuesday, January, 19th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.33 billion. Fastenal had a net margin of 15.12% and a return on equity of 30.63%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share.
View Fastenal's earnings history.

Fastenal declared a quarterly dividend on Thursday, January 21st. Investors of record on Wednesday, February 3rd will be given a dividend of $0.28 per share on Wednesday, March 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, February 2nd. This is an increase from Fastenal's previous quarterly dividend of $0.25.
View Fastenal's dividend history.

Fastenal pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.05%. Fastenal does not yet have a strock track record of dividend growth. The dividend payout ratio of Fastenal is 72.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Fastenal will have a dividend payout ratio of 65.36% next year. This indicates that Fastenal will be able to sustain or increase its dividend.
View Fastenal's dividend history.

Shares of Fastenal 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 distributed to shareholders after the market closes 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.

11 brokers have issued 12 month price targets for Fastenal's shares. Their forecasts range from $34.00 to $52.00. On average, they expect Fastenal's stock price to reach $43.90 in the next year. This suggests that the stock has a possible downside of 8.9%.
View analysts' price targets for Fastenal or view Wall Street analyst' top-rated stocks.

Some companies that are related to Fastenal include W.W. Grainger (GWW), United Rentals (URI), Watsco (WSO), Air Lease (AL), MSC Industrial Direct (MSM), WESCO International (WCC), Applied Industrial Technologies (AIT), GATX (GATX), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), MRC Global (MRC) and Titan Machinery (TITN).
View all of FAST's competitors.

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).

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

Fastenal's stock is owned by a number of institutional and retail investors. Top institutional investors include Ardevora Asset Management LLP (0.21%), Harvey Investment Co. LLC (0.12%), Mountain Pacific Investment Advisers Inc. ID (0.08%), Capital Investment Services of America Inc. (0.08%), Manning & Napier Group LLC (0.05%) and First Financial Bank Trust Division (0.03%). 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, Nicholas J Lundquist, Rita J Heise, Sheryl Ann Lisowski, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski.
View institutional ownership trends for Fastenal.

FAST stock was sold by a variety of institutional investors in the last quarter, including OLD National Bancorp IN, Hexavest Inc., Pacer Advisors Inc., State of Alaska Department of Revenue, Harvey Investment Co. LLC, Peoples Financial Services CORP., Huntington National Bank, and Townsend & Associates Inc. Company insiders that have sold Fastenal company stock in the last year include Daniel L Florness, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, Michael John Dolan, Rita J Heise, Sheryl Ann Lisowski, Terry Modock Owen, Willard D Oberton, and William Joseph Drazkowski.
View insider buying and selling activity for Fastenal or view top insider-selling stocks.

FAST stock was acquired by a variety of institutional investors in the last quarter, including Liberty Capital Management Inc., Louisiana State Employees Retirement System, Ardevora Asset Management LLP, Peregrine Capital Management LLC, Capital Investment Services of America Inc., Salvus Wealth Management LLC, Lavaca Capital LLC, and Welch & Forbes LLC. Company insiders that have bought Fastenal stock in the last two years include Daniel L Johnson, Darren R Jackson, Hsenghung Sam Hsu, and Michael J Ancius.
View insider buying and selling activity for Fastenal or or view top insider-buying stocks.

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.

One share of FAST stock can currently be purchased for approximately $48.17.

Fastenal has a market capitalization of $27.65 billion and generates $5.33 billion in revenue each year. The company earns $790.90 million in net income (profit) each year or $1.38 on an earnings per share basis. Fastenal employs 21,948 workers across the globe.

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

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]