FY2026 EPS Estimates for Fastenal Lifted by William Blair

Fastenal (NASDAQ:FAST) – Investment analysts at William Blair raised their FY2026 EPS estimates for Fastenal in a report released on Monday, March 10th. William Blair analyst R. Merkel now expects that the company will earn $2.34 per share for the year, up from their prior estimate of $2.31. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Fastenal’s current full-year earnings is $2.15 per share.

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

Several other brokerages have also recently weighed in on FAST. Jefferies Financial Group boosted their price objective on Fastenal from $74.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. UBS Group assumed coverage on Fastenal in a research note on Wednesday, November 13th. They set a “neutral” rating and a $88.00 target price on the stock. HSBC lowered Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 price target for the company. in a research note on Wednesday, December 11th. Wolfe Research increased their target price on Fastenal from $74.00 to $76.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus decreased their target price on Fastenal from $86.00 to $82.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Fastenal currently has an average rating of “Hold” and a consensus target price of $76.91.

Fastenal Stock Down 0.2 %

Shares of FAST opened at $79.80 on Tuesday. Fastenal has a 1 year low of $61.36 and a 1 year high of $84.88. The stock has a market capitalization of $45.76 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 3.58 and a beta of 1.05. The business’s 50 day simple moving average is $74.43 and its 200-day simple moving average is $75.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.67 and a quick ratio of 2.28.

Hedge Funds Weigh In On Fastenal

A number of hedge funds and other institutional investors have recently modified their holdings of FAST. Sound Financial Strategies Group LLC purchased a new stake in shares of Fastenal during the 4th quarter worth $873,000. Comgest Global Investors S.A.S. raised its stake in shares of Fastenal by 73.0% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 87,081 shares of the company’s stock worth $6,219,000 after acquiring an additional 36,742 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Fastenal by 1.8% during the third quarter. PNC Financial Services Group Inc. now owns 369,267 shares of the company’s stock valued at $26,373,000 after acquiring an additional 6,488 shares during the last quarter. Matrix Trust Co purchased a new stake in Fastenal during the fourth quarter valued at approximately $1,756,000. Finally, Franklin Resources Inc. boosted its stake in Fastenal by 3.8% in the third quarter. Franklin Resources Inc. now owns 4,572,999 shares of the company’s stock valued at $350,703,000 after acquiring an additional 165,423 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Fastenal Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were given a dividend of $0.43 per share. This is an increase from Fastenal’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, January 31st. This represents a $1.72 dividend on an annualized basis and a yield of 2.16%. Fastenal’s dividend payout ratio (DPR) is 85.57%.

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.