Fastenal (FAST) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

7 Wall Street research analysts have issued 12 month price objectives for Fastenal's stock. Their FAST share price forecasts range from $46.00 to $61.00. On average, they predict the company's share price to reach $53.14 in the next year. This suggests that the stock has a possible downside of 3.7%.
View analysts price targets for FAST or view top-rated stocks among Wall Street analysts.

Fastenal's stock was trading at $47.32 on January 1st, 2023. Since then, FAST shares have increased by 16.6% and is now trading at $55.16.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 12th 2023.
View our FAST earnings forecast.

Fastenal (NASDAQ:FAST) posted its quarterly earnings results on Thursday, April, 13th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.87 billion. Fastenal had a net margin of 15.59% and a trailing twelve-month return on equity of 34.83%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share.
Read the conference call transcript.

Fastenal declared a quarterly dividend on Wednesday, April 12th. Investors of record on Thursday, April 27th will be paid a dividend of $0.35 per share on Thursday, May 25th. This represents a $1.40 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, April 26th.
Read our dividend analysis for FAST.

ETFs with the largest weight of Fastenal (NASDAQ:FAST) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), Franklin Disruptive Commerce ETF (BUYZ), iShares U.S. Basic Materials ETF (IYM), Global X U.S. Infrastructure Development ETF (PAVE), VictoryShares THB Mid Cap ESG ETF (MDCP), Formidable Fortress ETF (KONG), Logan Capital Broad Innovative Growth ETF (LCLG) and SEI Enhanced U.S. Large Cap Quality Factor ETF (SEIQ).

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.58%. The company has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 71.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 66.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FAST.

Fastenal shares split on the morning of Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly created shares were payable to shareholders after the closing bell 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 declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 12th 2022, which authorizes the company to repurchase 8,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board 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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.91%), State Street Corp (4.94%), Bank of New York Mellon Corp (4.51%), Geode Capital Management LLC (2.39%), Charles Schwab Investment Management Inc. (1.98%) and Principal Financial Group Inc. (1.41%). Insiders that own company stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, 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, Stephen L Eastman, Terry Modock Owen and William Joseph Drazkowski.
View institutional ownership trends.

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 $55.16.

Fastenal (NASDAQ:FAST) has a market capitalization of $31.50 billion and generates $6.98 billion in revenue each year. The company earns $1.09 billion in net income (profit) each year or $1.95 on an earnings per share basis.

The company employs 22,386 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.