NASDAQ:FAST - Fastenal Stock Price, Price Target & More

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

Fastenal declared a quarterly dividend on Tuesday, July 10th. Stockholders of record on Wednesday, July 25th will be paid a dividend of $0.40 per share on Wednesday, August 22nd. This represents a $1.60 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Tuesday, July 24th. This is an increase from Fastenal's previous quarterly dividend of $0.37. View Fastenal's Dividend History.

Fastenal declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 12th 2017, which allows the company to repurchase 5,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its shares are undervalued.

Fastenal (NASDAQ:FAST) issued its quarterly earnings results on Wednesday, July, 11th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.08. The company earned $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. Fastenal had a return on equity of 30.82% and a net margin of 14.57%. The firm's revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. View Fastenal's Earnings History.

Fastenal is scheduled to release their next quarterly earnings announcement on Wednesday, October, 10th 2018. View Earnings Estimates for Fastenal.

11 analysts have issued twelve-month target prices for Fastenal's stock. Their predictions range from $46.00 to $61.00. On average, they anticipate Fastenal's share price to reach $54.80 in the next twelve months. This suggests that the stock has a possible downside of 3.6%. View Analyst Ratings for Fastenal.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Fastenal saw a increase in short interest in the month of June. As of June 29th, there was short interest totalling 24,476,073 shares, an increase of 5.4% from the June 15th total of 23,231,854 shares. Based on an average daily trading volume, of 2,511,178 shares, the days-to-cover ratio is presently 9.7 days. Currently, 8.6% of the shares of the stock are short sold. View Fastenal's Current Options Chain.

Some companies that are related to Fastenal include Sherwin-Williams (SHW), Ferguson (FERGD), Ferguson (FERGY), Tractor Supply (TSCO), Titan Cement (TITCY), GrowGeneration (GRWG) and AeroGrow International (AERO).

News coverage about FAST stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fastenal earned a coverage optimism score of 0.19 on Accern's scale. They also gave media coverage about the company an impact score of 44.70 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Fastenal's stock is owned by many different of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.86%), Riverbridge Partners LLC (0.61%), Clarkston Capital Partners LLC (0.38%), Investmentaktiengesellschaft Fuer Langfristige Investoren TGV (0.35%), Baillie Gifford & Co. (0.34%) and Bank of Montreal Can (0.14%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Johnson, Darren R Jackson, Gary A Polipnick, Holden Lewis, James C Jansen, Leland J Hein, Michael J Ancius, Michael John Dolan, Reyne K Wisecup, 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 Ledyard National Bank, Riverbridge Partners LLC, Hartford Investment Management Co., Boyd Watterson Asset Management LLC OH, Cullinan Associates Inc., Manning & Napier Group LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund and Financial & Investment Management Group Ltd.. Company insiders that have sold Fastenal company stock in the last year include Charles S Miller, Gary A Polipnick, James C Jansen, Leland J Hein, Michael John Dolan, Terry Modock Owen and William Joseph Drazkowski. View Insider Buying and Selling for Fastenal.

FAST stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Confluence Investment Management LLC, Chicago Capital LLC, Nisa Investment Advisors LLC, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, Hills Bank & Trust Co., First Financial Bank Trust Division and DnB Asset Management AS. Company insiders that have bought Fastenal stock in the last two years include Daniel L Johnson, Darren R Jackson, Holden Lewis, Michael J Ancius, Stephen L Eastman, Terry Modock Owen and William Joseph Drazkowski. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of FAST stock can currently be purchased for approximately $56.82.

Fastenal has a market capitalization of $16.05 billion and generates $4.39 billion in revenue each year. The company earns $578.60 million in net income (profit) each year or $1.93 on an earnings per share basis. Fastenal employs 20,565 workers across the globe.

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]