Key Points
- Director Hsenghung Sam Hsu purchased 1,000 Fastenal shares on November 13 at an average price of $49.58 for $49,580, raising his holding to 10,000 shares (an 11.11% increase).
- In the latest quarter Fastenal reported $0.29 EPS—missing estimates by $0.01—while revenue grew 11.7% year‑over‑year to $2.13 billion.
- The company declared a quarterly dividend of $0.22 (annualized $0.88) for a yield of about 2.2%, and analysts’ consensus rating on Fastenal is Hold with a $46.32 target.
Fastenal Company (NASDAQ:FAST - Get Free Report) Director Hsenghung Sam Hsu bought 1,000 shares of the firm's stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of $49.58 per share, for a total transaction of $49,580.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $495,800. This trade represents a 11.11% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Hsenghung Sam Hsu also recently made the following trade(s):
- On Thursday, October 16th, Hsenghung Sam Hsu purchased 1,000 shares of Fastenal stock. The stock was acquired at an average price of $42.45 per share, with a total value of $42,450.00.
Fastenal Price Performance
Shares of Fastenal stock traded down $0.30 on Friday, hitting $40.45. 6,339,112 shares of the company traded hands, compared to its average volume of 6,555,445. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.19 and a current ratio of 4.26. The stock has a market capitalization of $46.44 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 3.75 and a beta of 0.92. Fastenal Company has a 52 week low of $35.31 and a 52 week high of $50.63. The business has a 50-day simple moving average of $44.74 and a 200 day simple moving average of $44.38.
Fastenal (NASDAQ:FAST - Get Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.13 billion. Fastenal had a net margin of 15.34% and a return on equity of 32.69%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. Research analysts expect that Fastenal Company will post 2.15 earnings per share for the current fiscal year.
Fastenal Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, October 28th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, October 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.2%. Fastenal's dividend payout ratio is currently 82.24%.
Analyst Upgrades and Downgrades
FAST has been the topic of several analyst reports. Baird R W raised shares of Fastenal from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 7th. Wolfe Research raised Fastenal from an "underperform" rating to a "peer perform" rating and set a $43.00 price target for the company in a report on Thursday. Sanford C. Bernstein began coverage on Fastenal in a research note on Tuesday. They issued an "underperform" rating and a $38.00 price target for the company. Robert W. Baird reduced their price objective on shares of Fastenal from $53.00 to $49.00 and set an "outperform" rating for the company in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Fastenal from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Fastenal currently has a consensus rating of "Hold" and a consensus target price of $46.32.
View Our Latest Stock Report on Fastenal
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Riverview Trust Co grew its holdings in shares of Fastenal by 100.0% during the second quarter. Riverview Trust Co now owns 584 shares of the company's stock worth $25,000 after buying an additional 292 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of Fastenal during the 2nd quarter worth $27,000. Private Wealth Management Group LLC grew its position in Fastenal by 111.9% during the second quarter. Private Wealth Management Group LLC now owns 642 shares of the company's stock worth $27,000 after buying an additional 339 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Fastenal in the 2nd quarter valued at approximately $27,000. Finally, Armstrong Advisory Group Inc. increased its position in shares of Fastenal by 100.0% in the second quarter. Armstrong Advisory Group Inc. now owns 696 shares of the company's stock valued at $29,000 after buying an additional 348 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.
About Fastenal
(
Get Free Report)
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.
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