Hitting 52 Week High, Fastenal Company (Nasdaq:FAST) Finishes At $63.01

FAST
FAST

Fastenal Company (Nasdaq:FAST)

February 13th, 2019
With markets going up Fastenal Company closed the day up $0.15 Wednesday, up 0.24%, closing at $63.01. Furthermore it hit a new 52 week high of $63.29.

FAST was outperformed by the rest of the Industrials sector which went up 0.63%.
Fastenal Company is listed on the S&P 500 index, and was one of 332 stocks that increased today. Weighted by market cap, FAST represents about 0.07% of the S&P 500.
Fastenal Company is listed on NASDAQ 100, and was one of 65 stocks that rose today. Weighted by market cap, FAST represents about 0.07% of NASDAQ 100.

Forecasts from 13 analysts points to the possibility that Fastenal Company could go down somewhat (-8.91%), while Finbox has calculated (with low uncertainty) a fair value price of $42.88.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.29%), while Utilities saw the biggest drop (-0.31%). Industrials has seen the biggest year-to-date gain at 15.68%.

Energy saw the biggest turnaround from its 5-day performance of -1.99%, as it went up 1.29%. Utilities saw a turn around from its 5-day performance of 1.76% trading down -0.31%.

Sector Breakdown

  • Energy went up with a 1.29% change.
  • Industrials went up with a 0.63% change.
  • Consumer Discretionary went up with a 0.62% change.
  • Real Estate went up with a 0.58% change.
  • Consumer Staples went up with a 0.25% change.
  • Healthcare went up with a 0.25% change.
  • Financials went up with a 0.20% change.
  • Information Technology went up with a 0.14% change.
  • Materials went up with a 0.10% change.
  • Communication Services went down with a -0.10% change.
  • Utilities went down with a -0.31% change.

Fastenal Company Info

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company’s fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including various pins and machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. As of December 31, 2017, the company distributed its products through a network of 2,383 company owned stores. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

All amounts in USD unless otherwise indicated

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