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NASDAQ:FAST

Fastenal Stock Forecast, Price & News

$44.19
-0.60 (-1.34 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$44.10
Now: $44.19
$44.95
50-Day Range
$43.71
MA: $46.88
$49.67
52-Week Range
$26.72
Now: $44.19
$49.86
Volume2.94 million shs
Average Volume4.66 million shs
Market Capitalization$25.35 billion
P/E Ratio30.48
Dividend Yield2.23%
Beta1.18
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.33 billion
Cash Flow$1.63 per share
Book Value$4.64 per share

Profitability

Net Income$790.90 million

Miscellaneous

Employees21,948
Market Cap$25.35 billion
Next Earnings Date10/13/2020 (Confirmed)
OptionableOptionable
$44.19
-0.60 (-1.34 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fastenal (NASDAQ:FAST) Frequently Asked Questions

How has Fastenal's stock price been impacted by Coronavirus?

Fastenal's stock was trading at $32.93 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FAST shares have increased by 34.2% and is now trading at $44.19.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fastenal?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 2 sell ratings, 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Fastenal
.

When is Fastenal's next earnings date?

Fastenal is scheduled to release its next quarterly earnings announcement on Tuesday, October 13th 2020.
View our earnings forecast for Fastenal
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) released its earnings results on Tuesday, July, 14th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.36 by $0.06. The company earned $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Fastenal had a net margin of 15.07% and a return on equity of 31.19%. Fastenal's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share.
View Fastenal's earnings history
.

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

Fastenal declared a quarterly dividend on Monday, July 13th. Shareholders of record on Tuesday, July 28th will be given a dividend of $0.25 per share on Tuesday, August 25th. This represents a $1.00 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Monday, July 27th.
View Fastenal's dividend history
.

When did Fastenal's stock split? How did Fastenal's stock split work?

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 minted shares were distributed to shareholders after the closing bell 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.

What price target have analysts set for FAST?

14 brokerages have issued 12 month price objectives for Fastenal's shares. Their forecasts range from $34.00 to $51.00. On average, they expect Fastenal's share price to reach $42.50 in the next twelve months. This suggests that the stock has a possible downside of 3.8%.
View analysts' price targets for Fastenal
.

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 Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), AbbVie (ABBV), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Walt Disney (DIS), Target (TGT), Bank of America (BAC) and QUALCOMM (QCOM).

Who are Fastenal's key executives?

Fastenal's management team includes the following 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)

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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.98%), BlackRock Inc. (7.97%), Bank of New York Mellon Corp (5.46%), Principal Financial Group Inc. (1.54%), London Co. of Virginia (1.18%) and Cantillon Capital Management LLC (1.09%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Darren R Jackson, Holden Lewis, 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
.

Which major investors are selling Fastenal stock?

FAST stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Vanguard Group Inc., Charles Schwab Investment Management Inc., Ensign Peak Advisors Inc, CIBC Private Wealth Group LLC, Mcdonald Capital Investors Inc. CA, Mairs & Power Inc., and Tikehau Investment Management. Company insiders that have sold Fastenal company stock in the last year include Charles S Miller, 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
.

Which major investors are buying Fastenal stock?

FAST stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., FMR LLC, Nordea Investment Management AB, BlackRock Inc., MERIAN GLOBAL INVESTORS UK Ltd, GWM Advisors LLC, Bank of New York Mellon Corp, and Robeco Institutional Asset Management B.V.. 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, Terry Modock Owen, and William Joseph Drazkowski.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $44.19.

How big of a company is Fastenal?

Fastenal has a market capitalization of $25.35 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.

What is Fastenal's official website?

The official website for Fastenal is 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]

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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