Fastenal (NASDAQ:FAST) Given New $52.00 Price Target at Morgan Stanley

Posted by Brian Himes on Jul 16th, 2026

Fastenal (NASDAQ:FAST – Get Free Report) had its target price boosted by investment analysts at Morgan Stanley from $48.00 to $52.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 11.56% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Wolfe Research reiterated an “underperform” rating and issued a $47.00 price objective on shares of Fastenal in a report on Thursday, July 9th. Rothschild & Co Redburn set a $55.00 price target on Fastenal and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Fastenal from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. DA Davidson reaffirmed a “neutral” rating and issued a $46.00 target price on shares of Fastenal in a research note on Wednesday. Finally, Barclays reduced their price target on shares of Fastenal from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.83.

Check Out Our Latest Stock Analysis on FAST

Fastenal Price Performance

FAST opened at $46.61 on Thursday. The stock has a market capitalization of $53.51 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.18 and a quick ratio of 2.34. Fastenal has a one year low of $38.97 and a one year high of $50.63. The company’s 50 day simple moving average is $45.64 and its 200-day simple moving average is $45.14.

Fastenal (NASDAQ:FAST – Get Free Report) last released its earnings results on Tuesday, July 14th. The company reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. Fastenal had a net margin of 15.45% and a return on equity of 34.03%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS. Sell-side analysts anticipate that Fastenal will post 1.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fastenal

Several hedge funds have recently modified their holdings of FAST. Integrated Wealth Concepts LLC boosted its stake in shares of Fastenal by 2.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,276 shares of the company’s stock worth $487,000 after buying an additional 147 shares during the last quarter. Tandem Investment Advisors Inc. boosted its position in Fastenal by 1.8% in the first quarter. Tandem Investment Advisors Inc. now owns 12,356 shares of the company’s stock worth $573,000 after purchasing an additional 224 shares during the last quarter. Sittner & Nelson LLC grew its stake in Fastenal by 0.3% in the 4th quarter. Sittner & Nelson LLC now owns 68,495 shares of the company’s stock valued at $2,749,000 after purchasing an additional 226 shares during the period. Founders Capital Management LLC raised its stake in shares of Fastenal by 2.2% during the 4th quarter. Founders Capital Management LLC now owns 10,428 shares of the company’s stock worth $418,000 after purchasing an additional 228 shares during the period. Finally, Sound Income Strategies LLC grew its position in Fastenal by 12.9% during the first quarter. Sound Income Strategies LLC now owns 2,025 shares of the company’s stock valued at $94,000 after buying an additional 232 shares during the period. Institutional investors own 81.38% of the company’s stock.

Fastenal News Roundup

Here are the key news stories impacting Fastenal this week:

Positive Sentiment: Fastenal’s second-quarter results showed solid top-line momentum, with revenue rising about 15% year over year and sales topping estimates, supported by stronger pricing, contract customer growth, and digital sales gains.
Positive Sentiment: Several analysts remain constructive, including Morgan Stanley maintaining a Hold rating with a $48 price target and William Blair reiterating a Buy on sales momentum and expected second-half operating leverage. Article title
Neutral Sentiment: DA Davidson reaffirmed its Neutral rating and set a $46 price target, while Barclays lowered its target from $47 to $46 and kept an Equal Weight rating, suggesting only limited upside from current levels. Article title
Neutral Sentiment: Coverage around the earnings call described the quarter as strong but incremental, indicating that the market may be waiting for a clearer acceleration in margins and earnings before rewarding the stock more fully.
Negative Sentiment: Investors appeared concerned that earnings only matched estimates and gross margin narrowed, which can overshadow healthy revenue growth and pressure valuation-sensitive shares like FAST. Article title

About Fastenal

(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.