Fastenal Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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) posted its quarterly earnings data 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 company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.51 billion. Fastenal had a net margin of 15.24% and a trailing twelve-month return on equity of 30.76%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share.
View Fastenal's earnings history.

Fastenal's stock was trading at $32.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FAST shares have increased by 59.9% and is now trading at $52.66.
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Fastenal declared a quarterly dividend on Monday, July 12th. Stockholders 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 dividend yield of 2.13%. 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 2.11%. 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 65.50% next year. This indicates that Fastenal will be able to sustain or increase its dividend.
View Fastenal's dividend history.

Fastenal shares split on the morning of Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly minted shares were payable 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.

6 brokers have issued 1 year target prices for Fastenal's stock. Their forecasts range from $48.00 to $65.00. On average, they expect Fastenal's share price to reach $54.33 in the next year. This suggests a possible upside of 3.2% from the stock's current price.
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), H&E Equipment Services (HEES), Kaman (KAMN), MRC Global (MRC) and Titan Machinery (TITN).
View all of FAST's competitors.

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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.65%), BlackRock Inc. (7.71%), Bank of New York Mellon Corp (5.14%), State Street Corp (4.95%), Geode Capital Management LLC (1.96%) and Principal Financial Group Inc. (1.68%). 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, Nicholas J Lundquist, Reyne K Wisecup, 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 Bank of New York Mellon Corp, Wells Fargo & Company MN, CIBC Private Wealth Group LLC, AGF Investments Inc., Vanguard Group Inc., Madison Asset Management LLC, Credit Suisse AG, and BlackRock Inc.. Company insiders that have sold Fastenal company stock in the last year include Charles S Miller, James C Jansen, Jeffery Michael Watts, Nicholas J Lundquist, Reyne K Wisecup, Sheryl Ann Lisowski, and William Joseph Drazkowski.
View insider buying and selling activity for Fastenal or view top insider-selling stocks.

FAST stock was bought by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Amundi, Morgan Stanley, Morgan Stanley, Principal Financial Group Inc., California Public Employees Retirement System, State Street Corp, and Charles Schwab Investment Management Inc.. 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 $52.66.

Fastenal has a market capitalization of $30.27 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., Innova Holdings LLC, Innova Supply Chain Solutions LLC, 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].