FY2025 EPS Estimates for Fastenal Lowered by William Blair

Fastenal (NASDAQ:FAST) – William Blair dropped their FY2025 earnings estimates for shares of Fastenal in a report released on Thursday, February 6th. William Blair analyst R. Merkel now anticipates that the company will post earnings of $2.13 per share for the year, down from their previous estimate of $2.14. The consensus estimate for Fastenal’s current full-year earnings is $2.15 per share. William Blair also issued estimates for Fastenal’s FY2026 earnings at $2.29 EPS.

Other analysts have also recently issued reports about the stock. 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 note on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on Fastenal from $57.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Stifel Nicolaus cut their price objective on Fastenal from $86.00 to $82.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res cut Fastenal from a “hold” rating to a “moderate sell” rating in a report on Wednesday, December 11th. Finally, HSBC downgraded shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 target price for the company. in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $76.91.

Fastenal Stock Performance

Shares of FAST stock opened at $74.65 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.28 and a current ratio of 4.67. The firm has a market capitalization of $42.77 billion, a price-to-earnings ratio of 37.14, a price-to-earnings-growth ratio of 3.48 and a beta of 1.02. Fastenal has a one year low of $61.36 and a one year high of $84.88. The company has a 50 day moving average price of $75.81 and a 200 day moving average price of $73.85.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Friday, January 17th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.84 billion. Fastenal had a return on equity of 32.55% and a net margin of 15.25%. Fastenal’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS.

Fastenal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be paid a $0.43 dividend. The ex-dividend date is Friday, January 31st. This is an increase from Fastenal’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a dividend yield of 2.30%. Fastenal’s dividend payout ratio is 85.57%.

Insider Buying and Selling

In other Fastenal news, Director Daniel L. Johnson sold 8,474 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $83.36, for a total value of $706,392.64. Following the transaction, the director now directly owns 10,595 shares of the company’s stock, valued at $883,199.20. This represents a 44.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Daniel L. Florness sold 31,818 shares of Fastenal stock in a transaction on Monday, November 11th. The stock was sold at an average price of $84.50, for a total transaction of $2,688,621.00. Following the completion of the sale, the chief executive officer now owns 286,018 shares of the company’s stock, valued at approximately $24,168,521. This trade represents a 10.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,772 shares of company stock valued at $5,365,455 in the last quarter. Company insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Fastenal

Institutional investors and hedge funds have recently bought and sold shares of the business. Aaron Wealth Advisors LLC bought a new stake in Fastenal in the third quarter valued at $310,000. Comgest Global Investors S.A.S. boosted its holdings in shares of Fastenal by 73.0% in the third quarter. Comgest Global Investors S.A.S. now owns 87,081 shares of the company’s stock valued at $6,219,000 after acquiring an additional 36,742 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Fastenal by 1.8% during the third quarter. PNC Financial Services Group Inc. now owns 369,267 shares of the company’s stock worth $26,373,000 after purchasing an additional 6,488 shares in the last quarter. Matrix Trust Co acquired a new stake in Fastenal in the fourth quarter worth approximately $1,756,000. Finally, Franklin Resources Inc. boosted its stake in Fastenal by 3.8% during the 3rd quarter. Franklin Resources Inc. now owns 4,572,999 shares of the company’s stock valued at $350,703,000 after purchasing an additional 165,423 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

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.