Shares of Fastenal have moved 1.9% today, and are now trading at a price of $79.35. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 383,330 compared to the stock's average volume of 3,059,057.
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally. Based in Winona, United States the company has 20,958 full time employees and a market cap of $45,503,336,448. Fastenal currently offers its equity investors a dividend that yields 2.0% per year.
The company is now trading 4.91% away from its average analyst target price of $75.63 per share. The 13 analysts following the stock have set target prices ranging from $54.0 to $85.0, and on average give Fastenal a rating of hold.
Over the last 52 weeks, FAST stock has risen 2.9%, which amounts to a -9.1% difference compared to the S&P 500. The stock's 52 week high is $84.88 whereas its 52 week low is $61.36 per share. Based on Fastenal's average net margin growth of 0.8% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 7,346,700 | 1,155,000 | 16 | 0.0 |
| 2022 | 6,980,600 | 1,086,900 | 16 | 6.67 |
| 2021 | 6,010,900 | 925,000 | 15 | 0.0 |
| 2020 | 5,647,300 | 859,100 | 15 | 0.0 |
| 2019 | 5,333,700 | 790,900 | 15 | 0.0 |
| 2018 | 4,965,100 | 751,900 | 15 |
