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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
A gold storm is coming… (Ad)
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
A gold storm is coming… (Ad)
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
A gold storm is coming… (Ad)
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
A gold storm is coming… (Ad)
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
A gold storm is coming… (Ad)
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
A gold storm is coming… (Ad)
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
NASDAQ:FAST

Fastenal - FAST Stock Forecast, Price & News

$54.20
-1.09 (-1.97%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$53.78
$54.84
50-Day Range
$46.30
$55.29
52-Week Range
$43.73
$60.74
Volume
4.03 million shs
Average Volume
3.95 million shs
Market Capitalization
$31.04 billion
P/E Ratio
28.53
Dividend Yield
2.70%
Price Target
$51.14

Fastenal MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.6% Downside
$51.14 Price Target
Short Interest
Bearish
2.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
0.41mentions of Fastenal in the last 14 days
Based on 12 Articles This Week
Insider Trading
Acquiring Shares
$300,445 Bought Last Quarter
Proj. Earnings Growth
6.74%
From $1.93 to $2.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Retail/Wholesale Sector

96th out of 213 stocks

Building Materials, Hardware, Garden Supply & Mobile Home Dealers Industry

3rd out of 5 stocks

FAST stock logo

About Fastenal (NASDAQ:FAST) Stock

Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help manufacture products, build structures, protect personnel, and maintain facilities and equipment. Its products include cutting tools and metalworking, fasteners, material handling, storage and packaging power, transmission and motors, tools and equipment, electricals, abrasives, hydraulics and pneumatics, plumbing, lifting and rigging, raw materials, fleet and automotive, welding, office products and furniture, and janitorial supplies. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

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FAST Stock News Headlines

More Than One Reason To Buy Fastenal, Quickly
Fastenal beat on the top and bottom lines but, more importantly, it announced the 25th consecutive dividend increase earning it Dividend Aristocrat status.
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Loop Capital Trims Fastenal (NASDAQ:FAST) Target Price to $53.00
KeyCorp Comments on Fastenal's Q2 2023 Earnings (NASDAQ:FAST)
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Fastenal (FAST) Hikes Dividend by 13% to Reward Investors
What's in the Cards for Fastenal (FAST) in Q4 Earnings?
Fastenal: Fasten Up
See More Headlines
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FAST Company Calendar

Ex-Dividend for 11/23 Dividend
10/26/2022
Dividend Payable
11/23/2022
Last Earnings
1/19/2023
Ex-Dividend for 3/2 Dividend
2/01/2023
Today
2/04/2023
Dividend Payable
3/02/2023
Next Earnings (Estimated)
4/12/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Building materials, hardware, garden supply & mobile home dealers
Sub-Industry
Trading Companies & Distributors
Current Symbol
NASDAQ:FAST
CUSIP
31190010
Employees
20,507
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$51.14
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
-5.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$1.09 billion
Pretax Margin
20.63%

Debt

Sales & Book Value

Annual Sales
$6.98 billion
Cash Flow
$2.30 per share
Book Value
$5.52 per share

Miscellaneous

Free Float
570,469,000
Market Cap
$31.04 billion
Optionable
Optionable
Beta
1.19

Social Links


Key Executives

  • Daniel Lars Florness
    President, Chief Executive Officer & Director
  • Holden Lewis
    Chief Financial Officer & Executive Vice President
  • John L. SoderbergJohn L. Soderberg
    Executive Vice President-Information Technology
  • Sheryl Ann LisowskiSheryl Ann Lisowski
    Treasurer, Chief Accounting Officer & Executive VP
  • John J. Milek
    Vice President & General Counsel













FAST Stock - Frequently Asked Questions

Should I buy or sell Fastenal stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.

What is Fastenal's stock price forecast for 2023?

7 analysts have issued 1 year price targets for Fastenal's shares. Their FAST share price forecasts range from $42.00 to $60.00. On average, they expect the company's share price to reach $51.14 in the next year. This suggests that the stock has a possible downside of 5.6%.
View analysts price targets for FAST
or view top-rated stocks among Wall Street analysts.

How have FAST shares performed in 2023?

Fastenal's stock was trading at $47.32 on January 1st, 2023. Since then, FAST stock has increased by 14.5% and is now trading at $54.20.
View the best growth stocks for 2023 here
.

When is Fastenal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 12th 2023.
View our FAST earnings forecast
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) issued its quarterly earnings data on Thursday, January, 19th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion. Fastenal had a net margin of 15.57% and a trailing twelve-month return on equity of 34.38%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share.
Read the conference call transcript
.

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

Fastenal declared a quarterly dividend on Wednesday, January 18th. Investors of record on Thursday, February 2nd will be given a dividend of $0.35 per share on Thursday, March 2nd. This represents a $1.40 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, February 1st. This is a positive change from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for FAST
.

Is Fastenal a good dividend stock?

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.70%. 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 73.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 67.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FAST.

When did Fastenal's stock split?

Shares of Fastenal split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly issued shares were payable to shareholders after the market closes on Tuesday, May 21st 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

How will Fastenal's stock buyback program work?

Fastenal declared that its Board of Directors has approved a stock repurchase program on Tuesday, July 12th 2022, which authorizes the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

What is Daniel Florness' approval rating as Fastenal's CEO?

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.

What other stocks do shareholders of Fastenal own?

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).

What is Fastenal's stock symbol?

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

Who are Fastenal's major shareholders?

Fastenal's stock is owned by a number of institutional and retail investors. Top institutional investors include Riverbridge Partners LLC (0.57%), Baillie Gifford & Co. (0.53%), Bank of Montreal Can (0.52%), Confluence Investment Management LLC (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.37%) and Fenimore Asset Management Inc. (0.31%). 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, Willard D Oberton and William Joseph Drazkowski.
View institutional ownership trends
.

How do I buy shares of Fastenal?

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.
Compare Top Brokerages Here.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $54.20.

How much money does Fastenal make?

Fastenal (NASDAQ:FAST) has a market capitalization of $31.04 billion and generates $6.98 billion in revenue each year. The company earns $1.09 billion in net income (profit) each year or $1.90 on an earnings per share basis.

How many employees does Fastenal have?

The company employs 20,507 workers across the globe.

Does Fastenal have any subsidiaries?
The following companies are subsidiares of Fastenal: Apex Industrial Technologies, Av-Tech Industries, FASTCO Shanghai 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 Company Leasing, Fastenal Company Purchasing, Fastenal Europe AB, Fastenal Europe B.V., Fastenal Europe BE BV, 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 Malaysia Sdn. Bhd., Fastenal Mexico LLC, Fastenal Mexico S. de R.L. de C.V., Fastenal Netherlands Holdings B.V., Fastenal Panama S.A., Fastenal Shanghai International Trading Co. Ltd., Fastenal Shenzhen International Trading Co. Ltd., Fastenal Singapore Pte. Ltd., Fastenal Thailand Ltd., Fastenal Tianjin International Trading Co. Ltd., Holo-Krome, Innova Holdings LLC, Innova Supply Chain Solutions LLC, Manufacturers Supply, and River Surplus and Supply LLC.
Read More
How can I contact Fastenal?

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.

This page (NASDAQ:FAST) was last updated on 2/4/2023 by MarketBeat.com Staff