Fastenal(FAST)
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Fastenal: An Excellent Dividend Paying Stock, But Valuation Is Rich
Seeking Alpha· 2024-12-28 09:22
As a dividend growth investor, I want to own names that have a long history of paying dividends. When looking for a potential investment, I want to own industry leaders that have a demonstrated history of paying and raising dividends. I alsoI've written about investing for Seeking Alpha since 2015 and for Sure Dividend since 2018. I focus primarily on owning shares of companies that have demonstrated long histories of dividend growth. These types of companies have largely proven successful at raising divide ...
Zacks Industry Outlook The Home Depot, Lowe's, Fastenal, Beacon Roofing Supply and Tecnoglass
ZACKS· 2024-11-15 13:11
For Immediate ReleaseChicago, IL – November 15, 2024 – Today, Zacks Equity Research The Home Depot Inc. (HD) , Lowe's Companies (LOW) , Fastenal Co. (FAST) , Beacon Roofing Supply (BECN) and Tecnoglass (TGLS) .Industry: Retail Building ProductsLink: https://www.zacks.com/commentary/2370313/5-retail-building-products-stocks-set-to-thrive-amid-industry-recoveryParticipants in the Zacks Building Products – Retail industry are poised to benefit from technological initiatives to enhance the e-commerce experience ...
Fastenal's October Daily Sales Increase 2.8%, Stock Up
ZACKS· 2024-11-07 17:15
Fastenal Company (FAST) recently released its October sales report, wherein average daily sales or ADS grew 2.8% year over year to $30.1 million, moderating sequentially but improving annually. In the prior month, daily sales registered 3.2% growth, and in the year-ago period, the same registered a 1.9% increase.The ADS is lower than the historical October daily sales growth average of down 2.1% month over month between 2018 and 2023 (excluding 2020).Net sales in October 2024 were $692.8 million, reflecting ...
Fastenal (FAST) International Revenue Performance Explored
ZACKS· 2024-10-17 14:16
Have you looked into how Fastenal (FAST) performed internationally during the quarter ending September 2024? Considering the widespread global presence of this maker of industrial and construction fasteners, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. ...
Fastenal(FAST) - 2024 Q3 - Quarterly Report
2024-10-16 13:35
Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $.01 per share FAST The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024, or ☐ Transition report pursuant to Section 13 or ...
High-Quality Dividend Stock Universe: Fastenal Company - In Need Of A Moderate Pullback
Seeking Alpha· 2024-10-14 09:12
Fastenal Company (NASDAQ: FAST ) is a leader in the distribution of industrial and construction supplies. The company has a market cap of more than $40B and employs more than 21,000 people. Fastenal had its initial public offering in early I have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role. Dividend investing is a personal hobby and I ...
Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
MarketBeat· 2024-10-13 11:15
Fastenal Today | --- | |----------------------| | | | FAST | | Fastenal | | $76.82 | | +6.83 (+9.76%) | | 52-Week Range $56.41 | | ▼ | | $79.04 | | Dividend Yield 2.03% | | P/E Ratio 38.22 | | Price Target $68.89 | Add to Watchlist Fastenal NASDAQ: FAST stock has increased more than 250% since 2016 due to customer growth, the growing number of Onsite locations, deepening service penetration, and improving business metrics. The rally in stock prices can continue because those factors continue to drive result ...
Fastenal Shares Jump After Revenue Rose Despite Hurricane Helene Disruption
Investopedia· 2024-10-11 18:25
Key Takeaways Fastenal shares jumped Friday after the maker of fasteners and other construction and hardware equipment reported higher revenue despite disruptions from Hurricane Helene in the latest quarter. The company credited the results to sales at its onsite locations, especially those opened in the last two years. The news sent shares of Fastenal up nearly 10% to their highest level since April. Fastenal (FAST) shares were the top gainer in the S&P 500 Friday after the maker of fasteners and other ind ...
Fastenal(FAST) - 2024 Q3 - Earnings Call Transcript
2024-10-11 17:50
Fastenal Company (NASDAQ:FAST) Q3 2024 Earnings Call Transcript October 11, 2024 10:00 AM ET Company Participants Taylor Ranta - Accounting Manager Dan Florness - CEO Holden Lewis - CFO Conference Call Participants Ryan Merkel - William Blair Ken Newman - KeyBanc Capital Markets Tommy Moll - Stephens Stephen Volkmann - Jefferies Nigel Coe - Wolfe Research Chris Snyder - Morgan Stanley Operator Hello, and welcome to the Fastenal 2024 Q3 Earnings Results Conference Call. At this time, all participants are in ...
Fastenal's Q3 Earnings Meet Estimates, Sales Miss, Stock Up
ZACKS· 2024-10-11 17:40
Fastenal Company (FAST) reported mixed third-quarter 2024 results, with earnings meeting the Zacks Consensus Estimate and net sales missing the same. On a year-over-year basis, the top line rose while the bottom line remained flat. The quarterly results reflect increased unit sales driven by the growth of larger customers, Onsite locations opened in the last two years, and a stable pricing environment. The uptick was partially offset by Hurricane Helene causing disruptions to operations and logistics within ...