Fastenal Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Fastenal stock. 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 analyst ratings for Fastenal or view top-rated stocks.

Wall Street analysts have given Fastenal a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fastenal wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Fastenal is scheduled to release its next quarterly earnings announcement on Tuesday, October 12th 2021.
View our earnings forecast for Fastenal.

Fastenal (NASDAQ:FAST) issued its quarterly earnings results on Monday, July, 12th. The company reported $0.42 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.01. The business earned $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Fastenal had a trailing twelve-month return on equity of 30.76% and a net margin of 15.24%. Fastenal's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share.
View Fastenal's earnings history.

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 stock has increased by 66.3% and is now trading at $54.77.
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Fastenal announced a quarterly dividend on Monday, July 12th. Shareholders of record on Tuesday, July 27th will be paid a dividend of $0.28 per share on Tuesday, August 24th. This represents a $1.12 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Monday, July 26th.
View Fastenal's dividend history.

Fastenal pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.04%. Fastenal does not yet have a strong track record of dividend growth. The dividend payout ratio of Fastenal is 75.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Fastenal will have a dividend payout ratio of 65.88% next year. This indicates that Fastenal will be able to sustain or increase its dividend.
View Fastenal's dividend history.

Shares of Fastenal split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly created 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.

8 brokers have issued 1-year price targets for Fastenal's shares. Their forecasts range from $44.00 to $58.00. On average, they anticipate Fastenal's share price to reach $50.50 in the next twelve months. This suggests that the stock has a possible downside of 7.8%.
View analysts' price targets for Fastenal or view top-rated stocks among Wall Street analysts.

714 employees have rated Fastenal CEO Daniel Florness on Glassdoor.com. Daniel Florness has an approval rating of 85% among Fastenal's employees.

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

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 shareholders include Cantillon Capital Management LLC (1.01%), Confluence Investment Management LLC (0.50%), Marathon Asset Management LLP (0.32%), Kornitzer Capital Management Inc. KS (0.08%), State of Alaska Department of Revenue (0.03%) and Oregon Public Employees Retirement Fund (0.02%). Company insiders that own Fastenal 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 John Dolan, Rita J Heise, Sheryl Ann Lisowski, 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 Cantillon Capital Management LLC, Confluence Investment Management LLC, Sequent Asset Management LLC, Diversified Investment Strategies LLC, Marshall Financial Group LLC, Bellecapital International Ltd., Raymond James Trust N.A., and State of Alaska Department of Revenue. Company insiders that have sold Fastenal company stock in the last year include James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, Rita J Heise, Sheryl Ann Lisowski, Terry Modock Owen, and William Joseph Drazkowski.
View insider buying and selling activity for Fastenal or view top insider-selling stocks.

FAST stock was purchased by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Oregon Public Employees Retirement Fund, Cypress Capital Group, IFM Investors Pty Ltd, Aptus Capital Advisors LLC, Pflug Koory LLC, CHICAGO TRUST Co NA, and Schaper Benz & Wise Investment Counsel Inc. WI. Company insiders that have bought Fastenal stock in the last two years include Daniel L Johnson, Darren R Jackson, Hsenghung Sam Hsu, Michael J Ancius, Michael John Dolan, and Stephen L Eastman.
View insider buying and selling activity for Fastenal or or view top insider-buying stocks.

Shares of FAST 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 $54.77.

Fastenal has a market capitalization of $31.48 billion and generates $5.65 billion in revenue each year. The company earns $859.10 million in net income (profit) each year or $1.49 on an earnings per share basis.

Fastenal employs 20,365 workers across the globe.

The following companies are subsidiares of Fastenal: Av-Tech Industries Inc, FASTCO (Shanghai) Trading Co. Ltd., Fastenal (Shanghai) International Trading Co. Ltd., Fastenal (Shenzhen) International Trading Co. Ltd., Fastenal (Thailand) Ltd., Fastenal (Tianjin) International Trading Co. Ltd., Fastenal AT GmbH, Fastenal Air Fleet LLC, Fastenal Asia Pacific Limited, Fastenal Brasil Importação Exportação e Distribuição Ltda., Fastenal Brasil Participacoes Ltda., Fastenal Canada Ltd., Fastenal Chile SpA, Fastenal Colombia S.A.S., Fastenal Company Leasing, Fastenal Company Purchasing, Fastenal Europe AB, Fastenal Europe B.V., Fastenal Europe FR Sàrl, Fastenal Europe GmbH, Fastenal Europe IE Limited, Fastenal Europe Kft., Fastenal Europe Ltd., Fastenal Europe RO S.r.l., Fastenal Europe S.L., Fastenal Europe S.r.l., Fastenal Europe Sp. z o.o., Fastenal Europe Sàrl, Fastenal Europe s.r.o., Fastenal IP Company, Fastenal India Sourcing IT and Procurement Private Ltd, Fastenal India Wholesale Private Ltd., Fastenal International Holdings Company, Fastenal Latin America S.A., Fastenal Malaysia SDN BHD, Fastenal Mexico LLC, Fastenal Mexico S. de R.L. de C.V., Fastenal Mexico Services S. de R.L. de C.V., Fastenal Netherlands Holdings B.V., Fastenal Panama S.A., Fastenal Singapore PTE Ltd., Manufacturers Supply Company, and River Surplus and Supply LLC.

Fastenal was founded in 1967.

The official website for Fastenal is www.fastenal.com.

Fastenal is headquartered at 2001 THEURER BLVD, WINONA MN, 55987.

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]