FY2025 EPS Estimates for Fastenal Decreased by William Blair

Fastenal Company (NASDAQ:FAST) – Research analysts at William Blair decreased their FY2025 EPS estimates for Fastenal in a research report issued on Thursday, November 6th. William Blair analyst R. Merkel now expects that the company will earn $1.10 per share for the year, down from their previous estimate of $1.11. The consensus estimate for Fastenal’s current full-year earnings is $2.15 per share. William Blair also issued estimates for Fastenal’s FY2026 earnings at $1.22 EPS and FY2027 earnings at $1.33 EPS.

Fastenal (NASDAQ:FAST) last posted its earnings results on Monday, October 13th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. Fastenal had a net margin of 15.34% and a return on equity of 32.69%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS.

FAST has been the topic of several other research reports. Robert W. Baird decreased their target price on Fastenal from $53.00 to $49.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Fastenal in a report on Wednesday, October 8th. Baird R W raised shares of Fastenal from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Fastenal from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Finally, Wolfe Research reissued a “positive” rating on shares of Fastenal in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Fastenal has a consensus rating of “Hold” and an average target price of $46.50.

Fastenal Trading Up 0.2%

FAST stock opened at $40.85 on Monday. The business has a fifty day moving average price of $45.57 and a 200 day moving average price of $44.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.26 and a quick ratio of 2.19. Fastenal has a fifty-two week low of $35.31 and a fifty-two week high of $50.63. The stock has a market capitalization of $46.90 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 3.75 and a beta of 0.92.

Fastenal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, October 28th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, October 28th. Fastenal’s payout ratio is 82.24%.

Insider Activity at Fastenal

In other Fastenal news, EVP William Joseph Drazkowski sold 6,842 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $48.67, for a total value of $333,000.14. Following the transaction, the executive vice president directly owned 11,994 shares of the company’s stock, valued at approximately $583,747.98. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hsenghung Sam Hsu bought 1,000 shares of the company’s stock in a transaction on Thursday, October 16th. The shares were acquired at an average price of $42.45 per share, with a total value of $42,450.00. Following the transaction, the director directly owned 9,000 shares in the company, valued at approximately $382,050. The trade was a 12.50% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Fastenal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Fastenal by 103.5% in the 2nd quarter. Vanguard Group Inc. now owns 149,169,494 shares of the company’s stock valued at $6,265,119,000 after acquiring an additional 75,852,223 shares during the period. State Street Corp increased its stake in Fastenal by 99.6% in the second quarter. State Street Corp now owns 54,317,385 shares of the company’s stock valued at $2,281,330,000 after purchasing an additional 27,107,520 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Fastenal by 103.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 45,995,937 shares of the company’s stock worth $1,931,830,000 after purchasing an additional 23,380,022 shares during the period. Geode Capital Management LLC boosted its position in shares of Fastenal by 103.8% during the second quarter. Geode Capital Management LLC now owns 35,984,281 shares of the company’s stock worth $1,506,141,000 after purchasing an additional 18,329,847 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Fastenal by 87.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 34,851,036 shares of the company’s stock valued at $1,463,743,000 after buying an additional 16,308,254 shares during the period. Institutional investors own 81.38% of the company’s stock.

About Fastenal

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 that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.