Fastenal traded at $51.26 this Friday August 21st, increasing $0.60 or 1.18 percent since the previous trading session. Looking back, over the last four weeks, Fastenal gained 13.08 percent. Over the last 12 months, its price rose by 1.73 percent. Looking ahead, we forecast Fastenal to be priced at 50.16 by the end of this quarter and at 47.01 in one year, according to Trading Economics global macro models projections and analysts expectations.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company’s customers are in the manufacturing and non-residential construction markets. The manufacturing market includes both original equipment manufacturers (OEM) and maintenance, repair, and operations (MRO). The non-residential construction market includes general, electrical, plumbing, sheet metal and road contractors. Other users of its products include farmers, truckers, railroads, oil exploration companies, oil production and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades. Its fastener product line is sold under the Fastenal product name.