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NASDAQ:FAST

Fastenal (FAST) Stock Price, News & Analysis

$70.18
-0.53 (-0.75%)
(As of 10/4/2024 ET)

About Fastenal Stock (NASDAQ:FAST)

Key Stats

Today's Range
$69.41
$71.37
50-Day Range
$64.98
$71.83
52-Week Range
$54.69
$79.04
Volume
2.07 million shs
Average Volume
3.35 million shs
Market Capitalization
$40.18 billion
P/E Ratio
34.92
Dividend Yield
2.22%
Price Target
$67.43
Consensus Rating
Hold

Company Overview

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. 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 customers; non-residential construction market; 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. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

Fastenal Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
66th Percentile Overall Score

FAST MarketRank™: 

Fastenal scored higher than 66% of companies evaluated by MarketBeat, and ranked 120th out of 220 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Fastenal has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Fastenal has only been the subject of 4 research reports in the past 90 days.

  • Read more about Fastenal's stock forecast and price target.
  • Earnings Growth

    Earnings for Fastenal are expected to grow by 6.86% in the coming year, from $2.04 to $2.18 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Fastenal is 34.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.85.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Fastenal is 34.92, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 23.37.

  • Price to Earnings Growth Ratio

    Fastenal has a PEG Ratio of 3.92. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Fastenal has a P/B Ratio of 11.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Fastenal's valuation and earnings.
  • Percentage of Shares Shorted

    2.57% of the float of Fastenal has been sold short.
  • Short Interest Ratio / Days to Cover

    Fastenal has a short interest ratio ("days to cover") of 5.4.
  • Change versus previous month

    Short interest in Fastenal has recently increased by 3.82%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Fastenal pays a meaningful dividend of 2.19%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Fastenal has been increasing its dividend for 25 years.

  • Dividend Coverage

    The dividend payout ratio of Fastenal is 77.61%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Fastenal will have a dividend payout ratio of 71.56% next year. This indicates that Fastenal will be able to sustain or increase its dividend.

  • Read more about Fastenal's dividend.
  • Percentage of Shares Shorted

    2.57% of the float of Fastenal has been sold short.
  • Short Interest Ratio / Days to Cover

    Fastenal has a short interest ratio ("days to cover") of 5.4.
  • Change versus previous month

    Short interest in Fastenal has recently increased by 3.82%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Fastenal has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Fastenal this week, compared to 10 articles on an average week.
  • Search Interest

    Only 3 people have searched for FAST on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added Fastenal to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Fastenal insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,600,996.00 in company stock.

  • Percentage Held by Insiders

    Only 0.41% of the stock of Fastenal is held by insiders.

  • Percentage Held by Institutions

    81.38% of the stock of Fastenal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Fastenal's insider trading history.

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FAST Stock Analysis - Frequently Asked Questions

Fastenal's stock was trading at $64.77 at the beginning of 2024. Since then, FAST stock has increased by 8.4% and is now trading at $70.18.
View the best growth stocks for 2024 here
.

Fastenal (NASDAQ:FAST) announced its quarterly earnings data on Friday, July, 12th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The firm's revenue was up 1.8% on a year-over-year basis.
Read the conference call transcript
.

Fastenal's stock split on the morning of Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly issued shares were payable to shareholders after the closing bell on Tuesday, May 21st 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

The following companies are subsidiaries of Fastenal: Apex Industrial Technologies, Manufacturers Supply, Av-Tech Industries, Holo-Krome, FASTCO Shanghai Trading Co. Ltd., Fastenal Air Fleet LLC, Fastenal Asia Pacific Limited, and more.

Fastenal's top institutional investors include Czech National Bank (0.02%), SG Americas Securities LLC, Armstrong Henry H Associates Inc. and First Financial Bank Trust Division. Insiders that own company stock include Daniel L Florness, Michael J Ancius, James C Jansen, Reyne K Wisecup, Daniel L Johnson, Terry Modock Owen, William Joseph Drazkowski, Jeffery Michael Watts, Sheryl Ann Lisowski, Hsenghung Sam Hsu, Sarah N Nielsen, John Lewis Soderberg, Charles S Miller and Anthony Paul Broersma.
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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Fastenal investors own include Intel (INTC), Johnson & Johnson (JNJ), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), AbbVie (ABBV) and Cisco Systems (CSCO).

Company Calendar

Last Earnings
7/12/2024
Ex-Dividend for 8/23 Dividend
7/26/2024
Dividend Payable
8/23/2024
Today
10/05/2024
Next Earnings (Confirmed)
10/11/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Building materials, hardware, garden supply & mobile home dealers
Sub-Industry
Trading Companies & Distributors
Current Symbol
NASDAQ:FAST
CUSIP
31190010
Employees
23,201
Year Founded
1967

Price Target and Rating

Average Stock Price Target
$67.43
High Stock Price Target
$80.00
Low Stock Price Target
$56.00
Potential Upside/Downside
-3.9%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
20.44%

Debt

Sales & Book Value

Annual Sales
$7.42 billion
Cash Flow
$2.28 per share
Book Value
$5.86 per share

Miscellaneous

Free Float
570,200,000
Market Cap
$40.18 billion
Optionable
Optionable
Beta
1.01

Social Links


This page (NASDAQ:FAST) was last updated on 10/5/2024 by MarketBeat.com Staff
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