Fastenal (NASDAQ:FAST) Releases Quarterly Earnings Results, Hits Expectations

Fastenal (NASDAQ:FAST) posted its quarterly earnings data on Tuesday. The company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33, FiscalAI reports. Fastenal had a return on equity of 33.25% and a net margin of 15.39%.The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion.

Fastenal Stock Performance

NASDAQ FAST opened at $47.05 on Tuesday. The business’s 50 day moving average price is $45.60 and its 200-day moving average price is $45.09. Fastenal has a fifty-two week low of $38.97 and a fifty-two week high of $50.63. The company has a market cap of $54.02 billion, a P/E ratio of 41.27, a P/E/G ratio of 2.94 and a beta of 0.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.34 and a current ratio of 4.39.

Fastenal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, July 28th will be given a $0.26 dividend. This is an increase from Fastenal’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, July 28th. Fastenal’s dividend payout ratio (DPR) is 84.21%.

Key Stories Impacting Fastenal

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Fastenal reported second-quarter EPS of $0.33, matching analyst expectations, while revenue of $2.39 billion came in above the $2.34 billion consensus. The company also highlighted strong daily sales growth, operating leverage, and continued growth with larger customers. Article: Fastenal Company Reports 2026 Second Quarter Earnings
• Positive Sentiment: Rothschild & Co Redburn initiated coverage with a buy rating and a $55 price target, implying meaningful upside from recent trading levels. Article: Fastenal is now covered by Rothschild & Co Redburn
• Positive Sentiment: Fastenal also announced a 8.3% increase in its quarterly dividend to $0.26 per share, reinforcing confidence in cash generation and shareholder returns.
• Neutral Sentiment: The company’s earnings matched expectations rather than delivering a major beat, so the quarter is supportive but not a dramatic surprise.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FAST shares. JPMorgan Chase & Co. lifted their price objective on Fastenal from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Morgan Stanley set a $48.00 target price on shares of Fastenal and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Bank of America upped their price target on shares of Fastenal from $48.00 to $55.00 in a research report on Monday, April 13th. Sanford C. Bernstein reissued an “underperform” rating and set a $42.00 price target on shares of Fastenal in a report on Tuesday, April 14th. Finally, Robert W. Baird cut their target price on Fastenal from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.31.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FAST. Brighton Jones LLC purchased a new stake in shares of Fastenal in the fourth quarter worth approximately $496,000. Integrated Wealth Concepts LLC boosted its holdings in Fastenal by 2.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,276 shares of the company’s stock valued at $487,000 after acquiring an additional 147 shares during the period. Quantbot Technologies LP bought a new position in shares of Fastenal in the second quarter worth about $158,000. Jump Financial LLC purchased a new position in shares of Fastenal during the second quarter worth approximately $2,199,000. Finally, Cary Street Partners Financial LLC increased its position in shares of Fastenal by 111.0% during the second quarter. Cary Street Partners Financial LLC now owns 3,367 shares of the company’s stock worth $141,000 after acquiring an additional 1,771 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

About Fastenal

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.

Product offerings extend beyond fasteners to include tools, safety and personal protective equipment, power transmission components, cutting and welding supplies, janitorial and material handling items, and other industrial consumables.