William Blair Forecasts Fastenal’s Q1 Earnings (NASDAQ:FAST)

Fastenal (NASDAQ:FAST) – Equities researchers at William Blair cut their Q1 2025 earnings per share (EPS) estimates for Fastenal in a report released on Thursday, December 5th. William Blair analyst R. Merkel now forecasts that the company will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.54. The consensus estimate for Fastenal’s current full-year earnings is $2.03 per share. William Blair also issued estimates for Fastenal’s Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $2.19 EPS and FY2026 earnings at $2.33 EPS.

A number of other research firms also recently weighed in on FAST. UBS Group initiated coverage on shares of Fastenal in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $88.00 price target for the company. Bank of America initiated coverage on shares of Fastenal in a research report on Monday, October 7th. They issued a “buy” rating and a $85.00 price target for the company. Jefferies Financial Group lifted their price target on shares of Fastenal from $74.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on shares of Fastenal from $57.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Robert W. Baird lifted their price target on shares of Fastenal from $67.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Fastenal has a consensus rating of “Hold” and a consensus target price of $76.80.

Fastenal Stock Down 0.7 %

NASDAQ FAST opened at $79.77 on Monday. The company has a current ratio of 4.40, a quick ratio of 2.29 and a debt-to-equity ratio of 0.03. Fastenal has a 1-year low of $61.33 and a 1-year high of $84.88. The company has a 50 day moving average of $78.81 and a 200-day moving average of $70.98. The company has a market cap of $45.70 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 4.79 and a beta of 1.00.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings data on Friday, October 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Fastenal had a return on equity of 33.30% and a net margin of 15.44%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis.

Fastenal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, October 25th. This represents a $1.56 annualized dividend and a dividend yield of 1.96%. Fastenal’s dividend payout ratio (DPR) is presently 77.61%.

Insider Transactions at Fastenal

In other news, CEO Daniel L. Florness sold 50,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $69.68, for a total transaction of $3,484,000.00. Following the completion of the transaction, the chief executive officer now directly owns 286,018 shares in the company, valued at approximately $19,929,734.24. This represents a 14.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony Paul Broersma sold 680 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $77.86, for a total transaction of $52,944.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,289 shares of company stock worth $16,123,438. Corporate insiders own 0.41% of the company’s stock.

Institutional Trading of Fastenal

Several institutional investors have recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new stake in Fastenal during the third quarter valued at $25,000. Knuff & Co LLC bought a new stake in Fastenal during the third quarter valued at $27,000. Triad Wealth Partners LLC bought a new stake in Fastenal during the second quarter valued at $32,000. Crewe Advisors LLC boosted its position in Fastenal by 528.4% during the second quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock valued at $32,000 after acquiring an additional 428 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC boosted its position in Fastenal by 1,019.0% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 470 shares of the company’s stock valued at $34,000 after acquiring an additional 428 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

About Fastenal

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.