NASDAQ:FASTFastenal Stock Price, Forecast & News

$40.89

-0.37 (-0.90 %)

(As of 06/1/2020 03:16 PM ET)

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Today's Range

$40.78

Now: $40.89▼

$41.35

50-Day Range

$32.27

MA: $36.86▼

$40.52

52-Week Range

$26.72

Now: $40.89▼

$41.45

Volume123,906 shs

Average Volume4.09 million shs

Market Capitalization$23.42 billion

P/E Ratio29.42

Dividend Yield2.42%

Beta1.19

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.

Beat the Market (BTM) Rank^™

4.1 Analyst's Opinion

Consensus Rating
Fastenal has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 4 buy ratings, 6 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $75.00, Fastenal has a potential upside of 83.4% from its current price of $40.89.
Amount of Analyst Coverage
Fastenal has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
Fastenal has received 389 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Fastenal has received 584 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Fastenal has received 60.02% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Fastenal is a leading dividend payer. It pays a dividend yield of 2.42%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Fastenal has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of Fastenal is 72.46 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Fastenal will have a dividend payout ratio of 70.42 % next year. This indicates that Fastenal will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fastenal insiders have sold 62,374.20% more of their company's stock than they have bought. Specifically, they have bought $6,398.00 in company stock and sold $3,997,099.00 in company stock.
Percentage Held by Insiders
Only 0.57% of the stock of Fastenal is held by insiders.
Percentage Held by Institutions
80.06% of the stock of Fastenal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Fastenal are expected to grow by 9.23% in the coming year, from $1.30 to $1.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fastenal is 29.42, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fastenal is 29.42, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 42.51.
Price to Earnings Growth Ratio
Fastenal has a PEG Ratio of 3.52. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Fastenal has a P/B Ratio of 8.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.50 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Building materials, hardware, garden supply & mobile home dealers

Sub-IndustryTrading Companies & Distributors

SectorRetail/Wholesale

Current SymbolNASDAQ:FAST

Previous Symbol

CUSIP31190010

CIK815556

Webwww.fastenal.com

Phone507-454-5374

Debt

Debt-to-Equity Ratio0.23

Current Ratio4.25

Quick Ratio1.93

Price-To-Earnings

Trailing P/E Ratio29.42

Forward P/E Ratio31.45

P/E Growth3.52

Sales & Book Value

Annual Sales$5.33 billion

Price / Sales4.39

Cash Flow$1.62 per share

Price / Cash Flow25.22

Book Value$4.64 per share

Price / Book8.81

Profitability

EPS (Most Recent Fiscal Year)$1.38

Net Income$790.90 million

Net Margins14.83%

Return on Equity30.71%

Return on Assets20.89%

Miscellaneous

Employees21,948

Outstanding Shares572,820,000

Market Cap$23.42 billion

Next Earnings Date7/9/2020 (Estimated)

OptionableOptionable

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Fastenal (NASDAQ:FAST) Frequently Asked Questions

How has Fastenal's stock been impacted by COVID-19 (Coronavirus)?

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 shares have increased by 24.2% and is now trading at $40.89. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Fastenal?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 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 Thursday, July 9th 2020. View our earnings forecast for Fastenal.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) issued its earnings results on Tuesday, April, 14th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Fastenal had a return on equity of 30.71% and a net margin of 14.83%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. View Fastenal's earnings history.

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

Fastenal announced a quarterly dividend on Monday, April 13th. Stockholders of record on Tuesday, April 28th will be paid a dividend of $0.25 per share on Tuesday, May 26th. This represents a $1.00 annualized dividend and a yield of 2.45%. The ex-dividend date is Monday, April 27th. View Fastenal's dividend history.

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

Shares of Fastenal split on 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?

12 Wall Street analysts have issued 12-month target prices for Fastenal's stock. Their forecasts range from $26.00 to $377.00. On average, they anticipate Fastenal's share price to reach $75.00 in the next twelve months. This suggests a possible upside of 83.4% from the stock's current price. View analysts' price targets for Fastenal.

Has Fastenal been receiving favorable news coverage?

News coverage about FAST stock has trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fastenal earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutFastenal.

Who are some of Fastenal's key competitors?

Some companies that are related to Fastenal include W W Grainger (GWW), United Rentals (URI), Watsco (WSO), MSC Industrial Direct (MSM), Air Lease (AL), Applied Industrial Technologies (AIT), GATX (GATX), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), WESCO International (WCC), Kaman (KAMN), H&E Equipment Services (HEES), MRC Global (MRC), Textainer Group (TGH) and DXP Enterprises (DXPE). View all 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), Starbucks (SBUX), Walt Disney (DIS), Micron Technology (MU), AT&T (T), NVIDIA (NVDA), QUALCOMM (QCOM), AbbVie (ABBV), Bank of America (BAC) and Target (TGT).

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.88%), Bank of New York Mellon Corp (5.40%), State Street Corp (5.08%), Geode Capital Management LLC (1.93%), Principal Financial Group Inc. (1.62%) and Ensign Peak Advisors Inc (1.32%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Darren R Jackson, Holden Lewis, John Lewis Soderberg, Leland J Hein, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, 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 Invesco Ltd., State Street Corp, Bank of New York Mellon Corp, Wedgewood Partners Inc., Pendal Group Ltd, The Manufacturers Life Insurance Company , Raymond James & Associates, and Wellington Management Group LLP. Company insiders that have sold Fastenal company stock in the last year include Charles S Miller, Daniel L Florness, Leland J Hein, Michael John Dolan, Sheryl Ann Lisowski, 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 purchased by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Ceredex Value Advisors LLC, BlackRock Inc., Caledonia Investments PLC, Capital Research Global Investors, Eaton Vance Management, Geode Capital Management LLC, and Tikehau Investment Management. 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 $40.89.

How big of a company is Fastenal?

Fastenal has a market capitalization of $23.42 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 6/1/2020 by MarketBeat.com Staff