 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Fastenal Company (FAST) 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 primarily under the Fastenal name. The companys fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and repair of machines and structures. 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 include 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 approximately 2,600 company owned stores.
Shares have formed a bullish "flag" following the company's January sales metrics that showed net sales falling 1.6% from year-ago levels during the month. Adjusted for a smaller number of business days, however, daily sales grew 3.3%. Higher share prices are expected for this stock.
52-Weeks Trading Range: $34.45 - $44.44
Entry Point: $43.50
Stop Loss: $41.30
Target Price: $47.85
FAST closed at $48.15.
