NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $51.70, above its previous 52-week high of $51.60 with 426,092 shares traded as of 11 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.
Fastenal has a market cap of $13.83 billion and is part of the
industry. Shares are up 17.6% year to date as of the close of trading on Wednesday.
Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States and internationally. The company has a P/E ratio of 42, above the average materials & construction industry P/E ratio of 38.7 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Fastenal as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. 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
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