Fastenal (FAST) Stock Price, News & Analysis

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

5 Wall Street research analysts have issued twelve-month price targets for Fastenal's shares. Their FAST share price targets range from $60.00 to $85.00. On average, they expect the company's share price to reach $67.33 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
View analysts price targets for FAST or view top-rated stocks among Wall Street analysts.

Fastenal's stock was trading at $64.77 on January 1st, 2024. Since then, FAST shares have decreased by 1.2% and is now trading at $63.99.
View the best growth stocks for 2024 here.

Fastenal saw a decline in short interest in May. As of May 15th, there was short interest totaling 12,830,000 shares, a decline of 16.3% from the April 30th total of 15,320,000 shares. Based on an average daily volume of 3,560,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.3% of the shares of the company are short sold.
View Fastenal's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our FAST earnings forecast.

Fastenal (NASDAQ:FAST) posted its earnings results on Thursday, April, 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.01. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Fastenal had a trailing twelve-month return on equity of 33.98% and a net margin of 15.68%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS.
Read the conference call transcript.

Fastenal declared a quarterly dividend on Wednesday, April 10th. Investors of record on Thursday, April 25th will be paid a dividend of $0.39 per share on Thursday, May 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Wednesday, April 24th.
Read our dividend analysis for FAST.

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.56 per share and currently has a dividend yield of 2.42%. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.23%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FAST will have a dividend payout ratio of 68.12% next year. This indicates that the company will be able to sustain or increase its dividend.
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), Madison Dividend Value ETF (DIVL), Honeytree U.S. Equity ETF (BEEZ), iShares U.S. Basic Materials ETF (IYM), VictoryShares THB Mid Cap ESG ETF (MDCP), Tema American Reshoring ETF (RSHO) and First Trust Materials AlphaDEX Fund (FXZ).

Shares of Fastenal split on 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 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.

Fastenal declared that its Board of Directors has approved a share buyback plan on Tuesday, July 12th 2022, which authorizes the company to buyback 8,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is 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's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.27%), Bank of New York Mellon Corp (3.89%), Principal Financial Group Inc. (1.31%), Cantillon Capital Management LLC (0.93%), Mirae Asset Global Investments Co. Ltd. (0.57%) and Blair William & Co. IL (0.57%). Insiders that own company stock include Anthony Paul Broersma, Charles S Miller, Charles S Miller, Daniel L Florness, Daniel L Johnson, Daniel L Johnson, Hsenghung Sam Hsu, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Michael J Ancius, Nicholas J Lundquist, Reyne K Wisecup, Sarah N Nielsen, Sheryl Ann Lisowski, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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