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NASDAQ:FAST

Fastenal Stock Forecast, Price & News

$48.52
-0.93 (-1.88 %)
(As of 12/1/2020 12:00 AM ET)
Add
Compare
Today's Range
$48.42
Now: $48.52
$49.60
50-Day Range
$42.94
MA: $46.20
$49.45
52-Week Range
$26.72
Now: $48.52
$49.86
Volume3.42 million shs
Average Volume4.36 million shs
Market Capitalization$27.85 billion
P/E Ratio33.23
Dividend Yield2.02%
Beta1.21
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, 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 pins, 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. The company distributes its products through a network 2,114 branches and 15 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
Fastenal logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 out of 5 stars


Industry, Sector and Symbol

Industry Building materials, hardware, garden supply & mobile home dealers
Sub-IndustryTrading Companies & Distributors
Current SymbolNASDAQ:FAST
CUSIP31190010
Phone507-454-5374
Employees21,948

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.33 billion
Cash Flow$1.65 per share
Book Value$5.03 per share

Profitability

Net Income$790.90 million

Miscellaneous

Market Cap$27.85 billion
Next Earnings Date1/15/2021 (Estimated)
OptionableOptionable
$48.52
-0.93 (-1.88 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fastenal (NASDAQ:FAST) Frequently Asked Questions

How has Fastenal's stock price been impacted by Coronavirus (COVID-19)?

Fastenal's stock was trading at $32.93 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FAST shares have increased by 47.3% and is now trading at $48.52.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fastenal?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Fastenal
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Fastenal?

Wall Street analysts have given Fastenal a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fastenal wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Fastenal's next earnings date?

Fastenal is scheduled to release its next quarterly earnings announcement on Friday, January 15th 2021.
View our earnings forecast for Fastenal
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) issued its earnings results on Sunday, October, 18th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The company earned $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. Fastenal had a return on equity of 30.63% and a net margin of 15.12%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share.
View Fastenal's earnings history
.

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

Fastenal declared a special dividend on Friday, November 20th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.40 per share on Tuesday, December 22nd. The ex-dividend date of this dividend is Tuesday, December 1st.
View Fastenal's dividend history
.

When did Fastenal's stock split? How did Fastenal's stock split work?

Fastenal shares split on 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 market closes 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.

What price target have analysts set for FAST?

11 brokerages have issued twelve-month price objectives for Fastenal's shares. Their forecasts range from $34.00 to $52.00. On average, they expect Fastenal's share price to reach $43.80 in the next year. This suggests that the stock has a possible downside of 9.7%.
View analysts' price targets for Fastenal
.

Are investors shorting Fastenal?

Fastenal saw a drop in short interest in the month of October. As of October 30th, there was short interest totaling 13,410,000 shares, a drop of 14.3% from the October 15th total of 15,640,000 shares. Based on an average daily trading volume, of 3,270,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 2.3% of the company's stock are short sold.
View Fastenal's Short Interest
.

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 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).

Who are Fastenal's key executives?

Fastenal's management team includes the following people:
  • Mr. Daniel L. Florness, Pres, CEO & Director (Age 57, Pay $1.35M)
  • Mr. Holden Lewis, Exec. VP & CFO (Age 51, Pay $857.24k)
  • Ms. Reyne K. Wisecup, Sr. EVP of HR & Director (Age 57, Pay $811.06k)
  • Mr. Terry Modock Owen, Sr. Exec. VP of Sales Operations (Age 52, Pay $914.5k)
  • Mr. Charles S. Miller, Sr. Exec. VP of Sales (Age 46, Pay $823.82k)
  • Ms. Sheryl Ann Lisowski, Controller, Chief Accounting Officer & Treasurer (Age 53)
  • John J. Milek, VP & Gen. Counsel
  • Ms. Ellen Stolts, Financial Reporting & Regulatory Compliance Mang.
  • Mr. Leland J. Hein Jr., Sr. Exec. VP of Sales (Age 59)
  • Mr. James C. Jansen, Exec. VP of Manufacturing (Age 50)

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.86%), State Street Corp (4.74%), Principal Financial Group Inc. (1.49%), Cantillon Capital Management LLC (1.07%), UBS Asset Management Americas Inc. (0.70%) and Morgan Stanley (0.67%). 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, Rita J Heise, Sheryl Ann Lisowski, Terry Modock Owen, Willard D Oberton 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 Route One Investment Company L.P., State Street Corp, BlackRock Inc., Mcdonald Capital Investors Inc. CA, Raymond James & Associates, American International Group Inc., Principal Financial Group Inc., and Capital Advisors Inc. OK. Company insiders that have sold Fastenal company stock in the last year include Daniel L Florness, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, Michael John Dolan, Rita J Heise, Terry Modock Owen, Willard D Oberton, and William Joseph Drazkowski.
View insider buying and selling activity for Fastenal
.

Which major investors are buying Fastenal stock?

FAST stock was purchased by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Morgan Stanley, Wells Fargo & Company MN, AQR Capital Management LLC, Arrowstreet Capital Limited Partnership, TD Asset Management Inc., Epoch Investment Partners Inc., and Allianz Asset Management GmbH. Company insiders that have bought Fastenal stock in the last two years include Daniel L Johnson, Darren R Jackson, Hsenghung Sam Hsu, and Michael J Ancius.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $48.52.

How big of a company is Fastenal?

Fastenal has a market capitalization of $27.85 billion and generates $5.33 billion in revenue each year. The company earns $790.90 million in net income (profit) each year or $1.38 on an earnings per share basis. Fastenal employs 21,948 workers across the globe.

What is Fastenal's official website?

The official website for Fastenal is 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]

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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