Fastenal (FAST) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokers have issued 12 month price targets for Fastenal's stock. Their FAST share price targets range from $60.00 to $85.00. On average, they anticipate the company's share price to reach $67.67 in the next year. This suggests that the stock has a possible downside of 1.6%.
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Fastenal's stock was trading at $64.77 at the beginning of 2024. Since then, FAST shares have increased by 6.2% and is now trading at $68.79.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our FAST earnings forecast.

Fastenal (NASDAQ:FAST) released its quarterly earnings data on Thursday, April, 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by $0.01. The business 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 was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS.
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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 annualized dividend and a yield of 2.27%. 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 2.21%. 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 66.95% 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), iShares U.S. Basic Materials ETF (IYM), Franklin Disruptive Commerce ETF (BUYZ), VictoryShares THB Mid Cap ESG ETF (MDCP), Tema American Reshoring ETF (RSHO), Global X U.S. Infrastructure Development ETF (PAVE), SEI Enhanced U.S. Large Cap Quality Factor ETF (SEIQ) and Formidable Fortress ETF (KONG).

Fastenal's stock split before market open on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly issued shares were distributed 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 has authorized a stock buyback plan on Tuesday, July 12th 2022, which allows the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are 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 a number of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.56%), Confluence Investment Management LLC (0.44%), Mountain Pacific Investment Advisers Inc. ID (0.09%), Norris Perne & French LLP MI (0.05%), Wealth Enhancement Advisory Services LLC (0.03%) and AMF Tjanstepension AB (0.03%). Insiders that own company stock include Anthony Paul Broersma, Charles S Miller, Charles S Miller, Daniel L Florness, 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.
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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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