Fastenal (NASDAQ:FAST) Given Neutral Rating at DA Davidson

Posted by Francis Steltz on Jul 15th, 2026

Fastenal (NASDAQ:FAST – Get Free Report)‘s stock had its “neutral” rating reiterated by investment analysts at DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $46.00 price objective on the stock. DA Davidson’s target price indicates a potential upside of 3.33% from the company’s current price.

A number of other analysts have also recently commented on the stock. Barclays lifted their target price on shares of Fastenal from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Bank of America raised their price target on shares of Fastenal from $48.00 to $55.00 in a report on Monday, April 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Fastenal in a research note on Thursday, June 4th. JPMorgan Chase & Co. boosted their price objective on shares of Fastenal from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Morgan Stanley set a $48.00 target price on Fastenal and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $48.58.

Get Our Latest Stock Report on Fastenal

Fastenal Price Performance

NASDAQ FAST opened at $44.52 on Wednesday. The firm’s fifty day simple moving average is $45.63 and its two-hundred day simple moving average is $45.11. The company has a current ratio of 4.39, a quick ratio of 2.34 and a debt-to-equity ratio of 0.03. Fastenal has a 12-month low of $38.97 and a 12-month high of $50.63. The firm has a market capitalization of $51.11 billion, a P/E ratio of 39.84, a P/E/G ratio of 2.98 and a beta of 0.72.

Fastenal (NASDAQ:FAST – Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. Fastenal had a return on equity of 33.25% and a net margin of 15.39%.The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts forecast that Fastenal will post 1.24 EPS for the current fiscal year.

Institutional Trading of Fastenal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Fastenal in the fourth quarter worth about $496,000. Integrated Wealth Concepts LLC grew its position in shares of 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 acquired a new stake in shares of Fastenal during the 2nd quarter valued at about $158,000. Jump Financial LLC purchased a new position in shares of Fastenal in the 2nd quarter valued at about $2,199,000. Finally, Cary Street Partners Financial LLC increased its stake in shares of Fastenal by 111.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 3,367 shares of the company’s stock valued at $141,000 after purchasing an additional 1,771 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Key Fastenal News

Here are the key news stories impacting Fastenal this week:

Positive Sentiment: Rothschild & Co Redburn initiated coverage with a Buy rating and a $55 price target, suggesting upside from current levels. Article Title
Positive Sentiment: William Blair kept a Buy rating, citing strong sales momentum, margin resilience, and expected second-half operating leverage. Article Title
Neutral Sentiment: Morgan Stanley maintained a Hold rating with a $48 price target, reflecting a more cautious stance despite the solid quarter. Article Title
Negative Sentiment: Several reports noted the stock falling after earnings as the market weighed in-line EPS against margin compression and softer-than-hoped profitability signals. Article Title

Fastenal Company Profile

(Get Free Report)

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.