NASDAQ:FAST - Fastenal Stock Price, News, & Analysis

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$62.32 +0.42 (+0.68 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$61.90
Today's Range$61.72 - $62.3699
52-Week Range$47.37 - $63.97
Volume849,726 shs
Average Volume2.47 million shs
Market Capitalization$17.83 billion
P/E Ratio23.70
Dividend Yield2.78%
Beta1.17
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including various pins and machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. As of December 31, 2018, the company distributed its products through a network of 2,227 company owned stores. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

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Industry, Sector and Symbol

Industry Building materials, hardware, garden supply & mobile home dealers
Sub-IndustryTrading Companies & Distributors
SectorRetail/Wholesale
Current SymbolNASDAQ:FAST
CUSIP31190010
Phone507-454-5374

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.97 billion
Cash Flow$3.1538 per share
Book Value$8.05 per share

Profitability

Net Income$751.90 million

Miscellaneous

Employees21,644
Market Cap$17.83 billion
Next Earnings Date4/10/2019 (Estimated)
OptionableOptionable

Fastenal (NASDAQ:FAST) Frequently Asked Questions

What is Fastenal's stock symbol?

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

How often does Fastenal pay dividends? What is the dividend yield for Fastenal?

Fastenal declared a quarterly dividend on Wednesday, January 16th. Stockholders of record on Thursday, January 31st will be given a dividend of $0.43 per share on Wednesday, February 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, January 30th. This is a boost from Fastenal's previous quarterly dividend of $0.40. View Fastenal's Dividend History.

How will Fastenal's stock buyback program work?

Fastenal announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 12th 2017, which allows the company to buyback 5,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) released its earnings results on Thursday, January, 17th. The company reported $0.60 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.60. The firm earned $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Fastenal had a return on equity of 33.48% and a net margin of 15.14%. Fastenal's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. View Fastenal's Earnings History.

When is Fastenal's next earnings date?

Fastenal is scheduled to release their next quarterly earnings announcement on Wednesday, April 10th 2019. View Earnings Estimates for Fastenal.

What price target have analysts set for FAST?

13 equities research analysts have issued 1-year price targets for Fastenal's shares. Their forecasts range from $50.00 to $63.00. On average, they anticipate Fastenal's stock price to reach $56.7778 in the next twelve months. This suggests that the stock has a possible downside of 8.9%. View Analyst Price Targets for Fastenal.

What is the consensus analysts' recommendation for Fastenal?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fastenal.

Has Fastenal been receiving favorable news coverage?

News coverage about FAST stock has been trending negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Fastenal earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Fastenal?

Fastenal saw a decline in short interest in the month of February. As of February 15th, there was short interest totalling 23,705,393 shares, a decline of 9.7% from the January 31st total of 26,261,976 shares. Based on an average daily volume of 2,357,320 shares, the short-interest ratio is presently 10.1 days. Approximately 8.4% of the shares of the company are short sold. View Fastenal's Current Options Chain.

Who are some of Fastenal's key competitors?

What other stocks do shareholders of Fastenal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fastenal investors own include CA (CA), Intel (INTC), Micron Technology (MU), Johnson & Johnson (JNJ), Caterpillar (CAT), The Coca-Cola (KO), Procter & Gamble (PG), BlackRock (BLK), Verizon Communications (VZ) and Cisco Systems (CSCO).

Who are Fastenal's key executives?

Fastenal's management team includes the folowing people:
  • Mr. Daniel L. Florness, Pres, CEO & Director (Age 56)
  • Mr. Holden Lewis, Exec. VP & CFO (Age 50)
  • Ms. Reyne K. Wisecup, Sr. EVP of HR & Director (Age 56)
  • Mr. Terry Modock Owen, Sr. Exec. VP of Sales Operations (Age 51)
  • Mr. Jeffery M. Watts, Exec. VP of International Sales (Age 47)

Who are Fastenal's major shareholders?

Fastenal's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.94%), Bank of New York Mellon Corp (5.55%), Geode Capital Management LLC (1.46%), Northern Trust Corp (1.28%), Oregon Public Employees Retirement Fund (1.27%) and Cantillon Capital Management LLC (1.13%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Darren R Jackson, Gary A Polipnick, Holden Lewis, James C Jansen, John Lewis Soderberg, Leland J Hein, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, Sheryl Ann Lisowski, Stephen L Eastman, Terry Modock Owen and William Joseph Drazkowski. View Institutional Ownership Trends for Fastenal.

Which major investors are selling Fastenal stock?

FAST stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, D. E. Shaw & Co. Inc., Los Angeles Capital Management & Equity Research Inc., Nicholas Company Inc., Canada Pension Plan Investment Board, LPL Financial LLC, Connor Clark & Lunn Investment Management Ltd. and Bank of Montreal Can. Company insiders that have sold Fastenal company stock in the last year include James C Jansen, John Lewis Soderberg, Leland J Hein, Michael John Dolan, Nicholas J Lundquist and Sheryl Ann Lisowski. View Insider Buying and Selling for Fastenal.

Which major investors are buying Fastenal stock?

FAST stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, London Co. of Virginia, Norges Bank, Pendal Group Ltd, Bank of New York Mellon Corp, BlackRock Inc., Nordea Investment Management AB and First Trust Advisors LP. Company insiders that have bought Fastenal stock in the last two years include Daniel L Florness, 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.

How do I buy shares of 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.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $62.32.

How big of a company is Fastenal?

Fastenal has a market capitalization of $17.83 billion and generates $4.97 billion in revenue each year. The company earns $751.90 million in net income (profit) each year or $2.63 on an earnings per share basis. Fastenal employs 21,644 workers across the globe.

What is Fastenal's official website?

The official website for Fastenal is http://www.fastenal.com.

How can I contact Fastenal?

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]


MarketBeat Community Rating for Fastenal (NASDAQ FAST)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  302 (Vote Outperform)
Underperform Votes:  489 (Vote Underperform)
Total Votes:  791
MarketBeat's community ratings are surveys of what our community members think about Fastenal and other stocks. Vote "Outperform" if you believe FAST will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FAST will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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