Abstract: Improved fastener guide devices are disclosed for installing and removing fasteners comprising a moveable cover configured to guide the fastener during operation. Devices in accordance with the disclosure further comprise a magnetic element configured to stabilize the position of the cover. In an aspect, the magnetic element stabilizes the position of the cover, retains a fastener driver, and retains a fastener engaged with the fastener guide device. In another aspect, the fastener guide device is configured to manipulate oversized screws, such as a cement board screw.