NASDAQ:FAST - Fastenal Stock Price, Price Target & More

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

Fastenal announced a quarterly dividend on Tuesday, July 10th. Investors of record on Wednesday, July 25th will be paid a dividend of $0.40 per share on Wednesday, August 22nd. This represents a $1.60 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, July 24th. This is a positive change from Fastenal's previous quarterly dividend of $0.37. View Fastenal's Dividend History.

Fastenal announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 12th 2017, which allows the company to buyback 5,000,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

Fastenal (NASDAQ:FAST) issued its earnings results on Wednesday, July, 11th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.08. The business earned $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Fastenal had a return on equity of 30.82% and a net margin of 14.57%. The company's revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. View Fastenal's Earnings History.

Fastenal is scheduled to release their next quarterly earnings announcement on Tuesday, October, 9th 2018. View Earnings Estimates for Fastenal.

11 analysts have issued 12-month target prices for Fastenal's stock. Their forecasts range from $46.00 to $61.00. On average, they anticipate Fastenal's share price to reach $54.80 in the next twelve months. This suggests that the stock has a possible downside of 4.6%. View Analyst Ratings for Fastenal.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Fastenal saw a increase in short interest during the month of June. As of June 29th, there was short interest totalling 24,476,073 shares, an increase of 5.4% from the June 15th total of 23,231,854 shares. Based on an average trading volume of 2,511,178 shares, the days-to-cover ratio is presently 9.7 days. Approximately 8.6% of the company's shares are sold short. View Fastenal's Current Options Chain.

Some companies that are related to Fastenal include Sherwin-Williams (SHW), Ferguson (FERGY), Ferguson (FERGD), Tractor Supply (TSCO), Titan Cement (TITCY), GrowGeneration (GRWG) and AeroGrow International (AERO).

Media coverage about FAST stock has been trending somewhat positive recently, according to Accern. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fastenal earned a media sentiment score of 0.08 on Accern's scale. They also gave news articles about the company an impact score of 45.93 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Fastenal's stock is owned by a number of of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.86%), Riverbridge Partners LLC (0.61%), Clarkston Capital Partners LLC (0.38%), Investmentaktiengesellschaft Fuer Langfristige Investoren TGV (0.35%), Baillie Gifford & Co. (0.34%) and Compass Capital Management Inc. (0.18%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Johnson, Darren R Jackson, Gary A Polipnick, Holden Lewis, James C Jansen, Leland J Hein, Michael J Ancius, Michael John Dolan, Reyne K Wisecup, Stephen L Eastman, 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 Ledyard National Bank, Riverbridge Partners LLC, Hartford Investment Management Co., Boyd Watterson Asset Management LLC OH, Cullinan Associates Inc., Manning & Napier Group LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund and Financial & Investment Management Group Ltd.. Company insiders that have sold Fastenal company stock in the last year include Charles S Miller, Gary A Polipnick, James C Jansen, Leland J Hein, Michael John Dolan, Terry Modock Owen and William Joseph Drazkowski. View Insider Buying and Selling for Fastenal.

FAST stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Confluence Investment Management LLC, Chicago Capital LLC, Nisa Investment Advisors LLC, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, Hills Bank & Trust Co., Cornerstone Wealth Management LLC and First Financial Bank Trust Division. Company insiders that have bought Fastenal stock in the last two years include 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.

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.

One share of FAST stock can currently be purchased for approximately $57.46.

Fastenal has a market capitalization of $16.30 billion and generates $4.39 billion in revenue each year. The company earns $578.60 million in net income (profit) each year or $1.93 on an earnings per share basis. Fastenal employs 20,565 workers across the globe.

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]