Fastenal Co. (FAST): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Industrial Distribution industry segment, falling under the Industrials sector. The current market capitalization of Fastenal Co. is $39.32B. A total of 2.2 million shares were traded on the day, compared to an average of 2.87M shares.

In the most recent transaction, FLORNESS DANIEL L sold 45,744 shares of FAST for 68.14 per share on Aug 21 ’24. After the transaction, the CEO now owns 286,018 company shares. In a previous transaction on Aug 21 ’24, DANIEL LARS FLORNESS bought 45,744 shares at 68.14 per share.

Among the insiders who bought shares, HSU Hsenghung Sam acquired of 500 shares on Jun 10 ’24 at a per-share price of $63.28. This resulted in the Director holding 3,500 shares of FAST after the transaction. In another insider transaction, HSU Hsenghung Sam bought 500 shares at $62.95 per share on Jun 11 ’24. Company shares held by the Director now total 4,000.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Fastenal Co. pays an annual dividend of $1.52, resulting in a dividend yield of 2.21%, and it has a price to earnings (P/E) ratio of 34.19. FAST’s most recent ex-dividend date was 7/26/2024 when it declared a $0.39 quarterly dividend that was paid in cash on 8/23/2024. Previously, the company paid the dividend on 5/23/2024 with an ex-dividend date of 4/24/2024. The FAST stock dividend was $0.39 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FAST has a high of $79.04 and a low of $53.49.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. FAST’s latest balance sheet shows that the firm has $236.20M in Cash & Short Term Investments as of fiscal 2021. There were $636.80M in debt and $682.20M in liabilities at the time. Its Book Value Per Share was $6.10, while its Total Shareholder’s Equity was $3.04B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FAST is Buy with a score of 3.00.

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