Fastenal (NASDAQ:FAST) Issues Earnings Results

Fastenal (NASDAQ:FAST) released its quarterly earnings results on Tuesday. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33, FiscalAI reports. Fastenal had a net margin of 15.39% and a return on equity of 33.25%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis.

Here are the key takeaways from Fastenal’s conference call:

• Fastenal posted strong Q2 results with daily sales up 14.7%, operating margin expanding slightly, ROIC reaching a decade-plus high, and cash generation remaining robust.
• Growth was described as being driven more by share gains than by the macro backdrop, supported by key account wins, larger customer sites, and broader end-market penetration.
• Digital Footprint and FMI continued to scale, with Digital Footprint DSR up 16.2%, FMI signings up 8.3%, and FMI sales rising to 44.6% of total sales.
• Management said price-cost remained negative in Q2, though it improved by 10 basis points from Q1; they expect continued gradual improvement, not a quick return to full neutrality.
• The company highlighted disciplined SG&A and capital allocation, including operating cash flow of $266 million, $305 million returned to shareholders, and planned 2026 CapEx of about $320 million focused on growth investments.

Fastenal Stock Performance

FAST opened at $45.74 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.39 and a quick ratio of 2.34. The firm has a fifty day moving average price of $45.63 and a 200 day moving average price of $45.11. Fastenal has a 1 year low of $38.97 and a 1 year high of $50.63. The stock has a market cap of $52.51 billion, a P/E ratio of 40.12, a P/E/G ratio of 2.98 and a beta of 0.72.

Fastenal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, July 28th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, July 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.3%. This is an increase from Fastenal’s previous quarterly dividend of $0.24. Fastenal’s dividend payout ratio (DPR) is presently 84.21%.

More Fastenal News

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Fastenal reported second-quarter revenue of $2.39 billion, topping expectations, with sales up 14.7% year over year and strong daily sales growth supported by larger customer wins, digital channels, and onsite supply-chain services. Fastenal Company Reports 2026 Second Quarter Earnings
• Positive Sentiment: Several analysts remained constructive, including a fresh Buy rating and $55 price target from Rothschild & Co Redburn, reinforcing confidence in Fastenal’s longer-term growth profile. Analyst initiation reference
• Positive Sentiment: Management said operating expense leverage and growth with larger customers helped offset some margin headwinds, which could support profitability if demand stays firm. Fastenal Earnings Call Highlights Strong Growth, Margin Tests
• Neutral Sentiment: Fastenal’s earnings came in exactly in line with estimates at $0.33 per share, so the report was not a major earnings surprise on the bottom line. Fastenal (FAST) Q2 Earnings Meet Estimates
• Negative Sentiment: Shares fell as investors looked past the sales beat and focused on margin compression and weaker cash flow, suggesting the market wanted stronger profitability alongside growth. Fastenal Earnings Boosted by Strong Daily Sales Growth
• Negative Sentiment: Reports also highlighted that gross margin narrowed, which may be weighing on sentiment because it raises questions about whether Fastenal can sustain its recent growth without sacrificing profitability. Why Fastenal (FAST) Stock Is Down Today

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Fastenal in a research report on Thursday, June 4th. DA Davidson began coverage on Fastenal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Fastenal from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Wolfe Research reaffirmed an “underperform” rating and issued a $47.00 price target on shares of Fastenal in a report on Thursday, July 9th. Finally, Bank of America boosted their price objective on shares of Fastenal from $48.00 to $55.00 in a report on Monday, April 13th. Five investment 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, Fastenal presently has a consensus rating of “Hold” and a consensus target price of $48.58.

Hedge Funds Weigh In On Fastenal

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC purchased a new position in Fastenal during the fourth quarter worth approximately $496,000. Integrated Wealth Concepts LLC raised its position in Fastenal by 2.4% during the first quarter. Integrated Wealth Concepts LLC now owns 6,276 shares of the company’s stock worth $487,000 after acquiring an additional 147 shares during the period. Quantbot Technologies LP acquired a new position in Fastenal during the second quarter worth $158,000. Jump Financial LLC purchased a new position in Fastenal during the second quarter valued at $2,199,000. Finally, Cary Street Partners Financial LLC grew its position in shares of Fastenal by 111.0% in the second 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 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.