Fastenal traded at $55.19 this Friday November 13th, decreasing $0.36 or 0.65 percent since the previous trading session. Looking back, over the last four weeks, Fastenal lost 6.13 percent. Over the last 12 months, its price rose by 36.44 percent. Looking ahead, we forecast Fastenal to be priced at 53.95 by the end of this quarter and at 50.39 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.