Share on StockTwits

Fastenal (NASDAQ:FAST) Director Rita J. Heise bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $44.27 per share, with a total value of $44,270.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $88,540. The purchase was disclosed in a filing with the SEC, which is available at this link.

Fastenal (NASDAQ:FAST) traded down 0.75% during mid-day trading on Friday, hitting $43.93. The stock had a trading volume of 2,294,213 shares. Fastenal has a 52-week low of $43.75 and a 52-week high of $53.38. The stock has a 50-day moving average of $46.56 and a 200-day moving average of $47.61. The company has a market cap of $13.036 billion and a price-to-earnings ratio of 29.31.

Fastenal (NASDAQ:FAST) last announced its earnings results on Wednesday, January 15th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.02. The company had revenue of $813.76 million for the quarter, compared to the consensus estimate of $816.23 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Fastenal will post $1.70 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Shareholders of record on Friday, January 31st will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, January 29th.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Fastenal in a research note to investors on Friday, January 17th. They now have a $49.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Fastenal from $40.00 to $43.00 in a research note to investors on Thursday, January 16th. They now have an “underweight” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Fastenal has an average rating of “Hold” and a consensus price target of $51.17.

Fastenal Company is engaged in selling industrial and construction supplies in a wholesale and retail fashion.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.