Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, 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 pins, 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. The company distributes its products through a network of 3,268 in-market locations and 16 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
IPO Year: 1987
Exchange: NASDAQ
Website: fastenal.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/3/2025 | Underperform → Peer Perform | Wolfe Research | |
3/10/2025 | Mkt Perform → Outperform | William Blair | |
12/11/2024 | $70.00 | Hold → Reduce | HSBC Securities |
12/11/2024 | $86.00 | Buy → Hold | Stifel |
11/13/2024 | Neutral | UBS | |
11/13/2024 | $120.00 → $135.00 | Neutral | UBS |
10/7/2024 | $85.00 | Buy | BofA Securities |
9/6/2024 | $72.00 | Equal-Weight | Morgan Stanley |
9/15/2023 | $59.00 | Hold | HSBC Securities |
7/13/2023 | $60.00 | Overweight → Equal-Weight | Stephens |
Wolfe Research upgraded Fastenal from Underperform to Peer Perform
William Blair upgraded Fastenal from Mkt Perform to Outperform
HSBC Securities downgraded Fastenal from Hold to Reduce and set a new price target of $70.00
Stifel downgraded Fastenal from Buy to Hold and set a new price target of $86.00
UBS resumed coverage of Fastenal with a rating of Neutral
UBS resumed coverage of Fastenal with a rating of Neutral and set a new price target of $135.00 from $120.00 previously
BofA Securities initiated coverage of Fastenal with a rating of Buy and set a new price target of $85.00
Morgan Stanley initiated coverage of Fastenal with a rating of Equal-Weight and set a new price target of $72.00
HSBC Securities initiated coverage of Fastenal with a rating of Hold and set a new price target of $59.00
Stephens downgraded Fastenal from Overweight to Equal-Weight and set a new price target of $60.00