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Lewis (JO:LEWJ) Holden, the Chief Financial Officer and Executive Vice President of Fastenal Co (NASDAQ:FAST), recently reported a significant transaction involving the company’s stock. On March 14, 2025, Holden executed several transactions, including both acquisitions and sales of Fastenal’s common stock. The company, currently valued at $43.46 billion, has maintained strong financial health with an impressive 33% return on equity. According to InvestingPro analysis, Fastenal is currently trading above its Fair Value.
Holden sold a total of 61,664 shares, generating approximately $5.15 million. The shares were sold at prices ranging from $74.92 to $74.9969 per share. These transactions were part of a broader series of activities that also included acquiring shares through the exercise of stock options. The stock currently trades at $75.90, with notably low price volatility according to InvestingPro analysis.
In total, Holden acquired 71,655 shares at prices ranging from $26.0 to $64.0 per share, amounting to a total value of $2,776,372. Following these transactions, Holden’s direct ownership of Fastenal’s stock stands at 10,097 shares. The company has maintained dividend payments for 33 consecutive years, demonstrating consistent shareholder returns. Discover more insights and 12 additional ProTips about Fastenal with an InvestingPro subscription.
In other recent news, Fastenal Company reported fourth-quarter results that did not meet analyst expectations, with earnings per share at $0.46 compared to the forecasted $0.48, and revenue reaching $1.82 billion, falling short of the anticipated $1.84 billion. Despite these misses, the company experienced a 3.7% year-over-year increase in net sales, although daily sales growth slowed to 2.1% due to a soft manufacturing environment. The gross profit margin decreased to 44.8% from 45.5% the previous year, affected by unfavorable customer and product mix along with higher freight and import duty costs.
Stifel analysts adjusted their outlook on Fastenal, lowering the price target to $82.00 from $86.00 while maintaining a Hold rating, citing the company’s fourth-quarter performance. KeyBanc also maintained a Sector Weight rating, noting the potential for improved outcomes in fiscal year 2025 but cautioning about near-term inconsistencies. Fastenal announced changes to its Board of Directors, with Nicholas J. Lundquist stepping down and Brady D. Ericson joining as a new independent director. Ericson will serve on the Audit Committee, bringing experience from his role as President and CEO at PHINIA Inc.
Fastenal’s management highlighted the signing of 56 new Onsite locations in the fourth quarter, bringing the total to 358 for the year, which was below the goal of 375 to 400. Despite the earnings shortfall, Fastenal’s stock showed resilience, driven by investor optimism about potential growth and margin improvement in the coming fiscal year.
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