Fastenal - FAST Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FAST shares. 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 FAST analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 1-year price targets for Fastenal's shares. Their FAST share price forecasts range from $42.00 to $60.00. On average, they predict the company's stock price to reach $52.00 in the next year. This suggests a possible upside of 9.9% from the stock's current price.
View analysts price targets for FAST or view top-rated stocks among Wall Street analysts.

Fastenal's stock was trading at $64.06 on January 1st, 2022. Since then, FAST shares have decreased by 26.2% and is now trading at $47.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 13th 2022.
View our FAST earnings forecast.

Fastenal (NASDAQ:FAST) posted its quarterly earnings data on Wednesday, July, 13th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.50. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.77 billion. Fastenal had a net margin of 15.70% and a trailing twelve-month return on equity of 33.47%. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share.
Read the conference call transcript.

Fastenal declared a quarterly dividend on Tuesday, July 12th. Shareholders of record on Wednesday, July 27th will be paid a dividend of $0.31 per share on Wednesday, August 24th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, July 26th.
Read our dividend analysis for FAST.

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.60%. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 69.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 64.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FAST.

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 minted shares were distributed to shareholders after the market closes on Tuesday, May 21st 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Fastenal announced that its Board of Directors has initiated a share repurchase program on Tuesday, July 12th 2022, which permits the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its shares are undervalued.

714 employees have rated Fastenal Chief Executive Officer Daniel Florness on Glassdoor.com. Daniel Florness has an approval rating of 85% among the company's employees.

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), Walt Disney (DIS), QUALCOMM (QCOM) and Target (TGT).

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

Fastenal's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (4.76%), Principal Financial Group Inc. (1.56%), Northern Trust Corp (1.24%), Baird Financial Group Inc. (1.14%), Cantillon Capital Management LLC (0.95%) and Franklin Resources Inc. (0.93%). Insiders that own company 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 J Ancius, Michael John Dolan, Nicholas J Lundquist, Reyne K Wisecup, Rita J Heise, Sarah N Nielsen, Sheryl Ann Lisowski, Stephen L Eastman, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski.
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Shares of FAST stock 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.
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One share of FAST stock can currently be purchased for approximately $47.30.

Fastenal (NASDAQ:FAST) has a market capitalization of $27.18 billion and generates $6.01 billion in revenue each year. The company earns $925 million in net income (profit) each year or $1.79 on an earnings per share basis.

The company employs 20,507 workers across the globe.

Fastenal's mailing address is 2001 THEURER BLVD, WINONA MN, 55987. The official website for the company is www.fastenal.com. The company can be reached via phone at (507) 454-5374, via email at investorrelations@fastenal.com, or via fax at 507-453-8049.