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. Since then, FAST shares have increased by 33.7% and is now trading at $44.04.
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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.

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

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

Fastenal announced a quarterly dividend on Monday, July 13th. Stockholders of record on Tuesday, July 28th will be paid a dividend of $0.25 per share on Tuesday, August 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Monday, July 27th.
View Fastenal's dividend history.

Fastenal shares 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 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.

14 brokerages have issued twelve-month price targets for Fastenal's stock. Their forecasts range from $34.00 to $51.00. On average, they anticipate Fastenal's stock price to reach $42.50 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
View analysts' price targets for Fastenal.

Some companies that are related to Fastenal include W W Grainger (GWW), United Rentals (URI), Watsco (WSO), MSC Industrial Direct (MSM), Air Lease (AL), GATX (GATX), WESCO International (WCC), Applied Industrial Technologies (AIT), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), MRC Global (MRC) and DXP Enterprises (DXPE).
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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), Walt Disney (DIS), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Target (TGT), Bank of America (BAC) and QUALCOMM (QCOM).

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

Fastenal's stock is owned by a variety of retail and institutional investors. Top institutional investors 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.

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.

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.

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.

One share of FAST stock can currently be purchased for approximately $44.04.

Fastenal has a market capitalization of $25.26 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]