Fastenal Company (FAST): Today's Featured Industrial Goods Winner

Fastenal Company (FAST) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole was unchanged today. By the end of trading, Fastenal Company rose $2.50 (6.3%) to $42.31 on heavy volume. Throughout the day, five million shares of Fastenal Company exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in a price between $39.75-$42.70 after having opened the day at $39.77 as compared to the previous trading day's close of $39.81. Other companies within the Industrial Goods sector that increased today were: Jewett-Cameron Trading Company (JCTCF), up 29.9%, Texas Industries (TXI), up 14.1%, Tri-Tech (TRIT), up 6.5%, and Skyline Corporation (SKY), up 5.7%.

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Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States and internationally. Fastenal Company has a market cap of $11.79 billion and is part of the materials & construction industry. The company has a P/E ratio of 31.1, above the average materials & construction industry P/E ratio of 30.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 8.7% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Fastenal Company a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates Fastenal Company as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

• You can view the full Fastenal Ratings Report.

On the negative front, China Advanced Construction Materials Group (CADC), down 44.9%, China Valves Technology (CVVT), down 9.4%, MYR Group (MYRG), down 6.2%, and China BAK Battery (CBAK), down 6%, were all losers within the industrial goods sector with Ingersoll-Rand (IR) being today's industrial goods sector loser.

• Use our industrial goods section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR (XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 (DOG).

• Find other investment ideas from our top rated ETFs lists.

For more information on Fastenal Company click any of the following:

• Fastenal Company Stock Price

• Fastenal Company Analyst Ratings

• Fastenal Company Key Stats & Profile

• Fastenal Company Earnings

• Fastenal Company Ratio Comparison

• Fastenal Company Growth Rates

• Fastenal Company Balance Sheet

• Fastenal Company Cash Flow

• Fastenal Company Income Statement