Fastenal Company (NASDAQ:FAST) is one of the 15 Set-It-and-Forget-It Stocks to Buy in 2026.

On March 13, 2026, Fastenal Company (NASDAQ:FAST) officially announced that it will begin construction of a new Southeast U.S. regional distribution and logistics center in Carrollton, Georgia. The facility is scheduled to open in spring 2027 and is anticipated to significantly surpass the Atlanta site’s current capacity, with a potential footprint of 900,000 square feet. The center will incorporate next-generation warehouse technologies and processing software to accelerate order picking and increase storage capacity. Greg Campbell, Senior Regional Operations Manager, Fastenal Company (NASDAQ:FAST), gave the following statement:

The new site gives us dramatically expanded capacity. It also offers close proximity to educational institutions, giving us a great pipeline for talent development and recruitment.

Separately, Baird raised its price target on Fastenal Company (NASDAQ:FAST) from $51 to $52. The firm maintained an Outperform rating on the stock. Baird updated its model after the February ADS report, which was stronger than expected.

Founded in 1967, Fastenal Company (NASDAQ:FAST) is a leading North American distributor of industrial and construction supplies. The Minnesota-based company specializes in fasteners, safety products, and tools.

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