Fastenal Stock Update: +0.3%
Fastenal (NASDAQ: FAST) opened at $77.90 on Monday. Key metrics: quick ratio 2.29, current ratio 4.39, debt-to-equity 0.04. Market cap: $44.60 billion. PE ratio: 38.76, PEG ratio: 4.13, beta: 1.01. 50-day moving average: $69.92, 200-day average: $67.91. 12-month low: $56.41, high: $79.04.
Quarterly Earnings Report
On October 11, Fastenal reported earnings of $0.52 per share, exceeding the $0.51 estimate. Revenue was $1.91 billion, just above the $1.90 billion expected, marking a 3.5% increase year-over-year. Analysts predict 2.04 EPS for the current year.
Dividend Announcement
Fastenal announced a quarterly dividend of $0.39 per share, to be paid on November 22. The annualized dividend is $1.56, with a yield of 2.00%. The ex-dividend date is October 25, and the payout ratio is 77.61%.
Analyst Ratings
Analyst updates include JPMorgan raising its target to $63 with a “neutral” rating, while Stifel Nicolaus upgraded its target to $86 with a “buy” rating. Overall, seven analysts have a “hold” rating, and two a “buy,” with a consensus target of $73.33.
Investor Activity
Institutional investors are increasing their stakes, with notable increases from Legal & General (+3.4%) and others. Institutional ownership stands at 81.38%.
About Fastenal
Fastenal is a wholesale distributor of industrial and construction supplies, including fasteners and related products, primarily in North America.
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