William Blair Estimates Fastenal's Q1 Earnings (NASDAQ:FAST)

Fastenal (NASDAQ:FAST - Free Report) - Research analysts at William Blair dropped their Q1 2025 earnings estimates for shares of Fastenal in a research report issued on Thursday, December 5th. William Blair analyst R. Merkel now anticipates that the company will post earnings of $0.53 per share for the quarter, down from their previous estimate of $0.54. The consensus estimate for Fastenal's current full-year earnings is $2.03 per share. William Blair also issued estimates for Fastenal's Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $2.19 EPS and FY2026 earnings at $2.33 EPS.

Fastenal (NASDAQ:FAST - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Fastenal had a return on equity of 33.30% and a net margin of 15.44%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the company earned $0.52 earnings per share. Fastenal's quarterly revenue was up 3.5% on a year-over-year basis.

FAST has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Fastenal from $57.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Bank of America began coverage on shares of Fastenal in a report on Monday, October 7th. They issued a "buy" rating and a $85.00 price target for the company. Jefferies Financial Group boosted their price objective on shares of Fastenal from $74.00 to $85.00 and gave the company a "hold" rating in a research report on Friday. UBS Group assumed coverage on shares of Fastenal in a report on Wednesday, November 13th. They issued a "neutral" rating and a $88.00 target price on the stock. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $86.00 target price (up from $80.00) on shares of Fastenal in a report on Monday, October 14th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $76.80.

Fastenal Stock Performance

Shares of NASDAQ FAST traded down $0.73 during trading on Monday, reaching $80.32. The stock had a trading volume of 2,841,855 shares, compared to its average volume of 3,252,177. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 4.40. The stock has a market cap of $46.01 billion, a PE ratio of 39.96, a P/E/G ratio of 4.79 and a beta of 1.00. Fastenal has a one year low of $61.33 and a one year high of $84.88. The firm's 50 day moving average price is $78.81 and its two-hundred day moving average price is $70.98.

Institutional Trading of Fastenal

Institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Fastenal in the third quarter worth about $25,000. Knuff & Co LLC bought a new stake in shares of Fastenal in the 3rd quarter worth approximately $27,000. Triad Wealth Partners LLC acquired a new stake in Fastenal during the second quarter valued at approximately $32,000. Crewe Advisors LLC boosted its holdings in Fastenal by 528.4% during the second quarter. Crewe Advisors LLC now owns 509 shares of the company's stock worth $32,000 after buying an additional 428 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC boosted its holdings in Fastenal by 1,019.0% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 470 shares of the company's stock worth $34,000 after buying an additional 428 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.

Insider Activity at Fastenal

In other Fastenal news, CEO Daniel L. Florness sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $69.68, for a total value of $3,484,000.00. Following the completion of the sale, the chief executive officer now directly owns 286,018 shares in the company, valued at $19,929,734.24. This represents a 14.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Charles S. Miller sold 23,480 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $83.92, for a total value of $1,970,441.60. The disclosure for this sale can be found here. Insiders have sold a total of 208,289 shares of company stock worth $16,123,438 in the last three months. 0.41% of the stock is owned by company insiders.

Fastenal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, October 25th. Fastenal's dividend payout ratio (DPR) is 77.61%.

Fastenal Company Profile

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.