Fastenal (FAST) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $83.22 to $84.25
• 50-Day Range: $69.99 to $84.35
• 52-Week Range: $59.47 to $84.88
• Volume: 3.87 million shs
• Average Volume: 3.29 million shs
• Market Capitalization: $47.98 billion
• P/E Ratio: 41.67
• Dividend Yield: 1.86%
• Price Target: $74.80
• Consensus Rating: Hold

Fastenal Stock Analysis - MarketRank™

Fastenal scored higher than 93% of companies evaluated by MarketBeat, and ranked 33rd out of 208 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Fastenal has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Fastenal has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.88%

Earnings Growth

Earnings for Fastenal are expected to grow by 7.88% in the coming year, from $2.03 to $2.19 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fastenal is 41.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fastenal is 41.76, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 106.46.

Price to Earnings Growth Ratio

Fastenal has a PEG Ratio of 4.87. 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 14.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.32% 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 5.2.

Change versus previous month

Short interest in Fastenal has recently decreased by 4.26%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Fastenal pays a meaningful dividend of 1.88%, 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 71.23% next year. This indicates that Fastenal will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -1.42

Percentage of Shares Shorted

2.32% 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 5.2.

Change versus previous month

Short interest in Fastenal has recently decreased by 4.26%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.43

News Sentiment

Fastenal has a news sentiment score of 1.43. 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 is a higher news sentiment than the 0.72 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 23 news articles for Fastenal this week, compared to 11 articles on an average week.

Search Interest

23 people have searched for FAST on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Fastenal to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $16,123,438.00 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.

FAST Stock Analysis - Frequently Asked Questions

How have FAST shares performed this year?

Fastenal's stock was trading at $64.77 at the start of the year. Since then, FAST shares have increased by 29.6% and is now trading at $83.94.
View the best growth stocks for 2024 here.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) released its quarterly earnings data on Friday, October, 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. The business's quarterly revenue was up 3.5% compared to the same quarter last year.
Read the conference call transcript.

When did Fastenal's stock split?

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 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.

Does Fastenal have any subsidiaries?

Fastenal subsidiaries include Apex Industrial Technologies, Manufacturers Supply, Av-Tech Industries, Holo-Krome, FASTCO Shanghai Trading Co. Ltd., Fastenal Air Fleet LLC, Fastenal Asia Pacific Limited, and others.

Who are Fastenal's major shareholders?

Top institutional shareholders of Fastenal include State Street Corp (4.89%), Charles Schwab Investment Management Inc. (3.47%), Geode Capital Management LLC (2.91%) and Principal Financial Group Inc. (1.13%). Insiders that own company stock include Nicholas J Lundquist, Daniel L Florness, Michael J Ancius, James C Jansen, Reyne K Wisecup, Rita J Heise, Daniel L Johnson, Holden Lewis, Terry Modock Owen, William Joseph Drazkowski, Jeffery Michael Watts, Sheryl Ann Lisowski, Hsenghung Sam Hsu, Sarah N Nielsen, Charles S Miller, Anthony Paul Broersma and John Lewis Soderberg.
View institutional ownership trends.

How do I buy shares of Fastenal?

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.

What other stocks do shareholders of Fastenal own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fastenal investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), NVIDIA (NVDA), Comcast (CMCSA), Meta Platforms (META), McKesson (MCK) and Charles Schwab (SCHW).

Company Calendar

• Last Earnings: 10/11/2024
• Ex-Dividend for 11/22 Dividend: 10/25/2024
• Dividend Payable: 11/22/2024
• Today: 11/25/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/16/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Building materials, hardware, garden supply & mobile home dealers
• Sub-Industry: Trading Companies & Distributors
• Current Symbol: NASDAQ:FAST
• CUSIP: 31190010
• CIK: 815556
• Web: www.fastenal.com
• Phone: (507) 454-5374
• Fax: 507-453-8049
• Employees: 23,201
• Year Founded: 1967

Price Target and Rating

• Average Stock Price Target: $74.80
• High Stock Price Target: $88.00
• Low Stock Price Target: $63.00
• Potential Upside/Downside: -10.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.01
• Trailing P/E Ratio: 41.33
• Forward P/E Ratio: 40.93
• P/E Growth: 4.83
• Net Income: $1.16 billion
• Net Margins: 15.44%
• Pretax Margin: 20.30%
• Return on Equity: 33.30%
• Return on Assets: 25.19%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 4.40
• Quick Ratio: 2.29

Sales & Book Value

• Annual Sales: $7.35 billion
• Price / Sales: 6.48
• Cash Flow: $2.35 per share
• Price / Cash Flow: 35.32
• Book Value: $6.28 per share
• Price / Book: 13.23

Miscellaneous

• Outstanding Shares: 572,890,000
• Free Float: 570,537,000
• Market Cap: $47.60 billion
• Optionable: Optionable
• Beta: 0.99