Fastener Stocks – By the Numbers
FEATURE
The FIN Fastener Stock Index finished strong in the fourth quarter of 2012, solidifying a third-quarter rebound with a 7.3% increase in the final quarter and besting an index of related industrial stocks, which fell slightly.
For the year, the FINdex finished 10.5% higher than 2011 — edging out the 10.4% gain recorded by an index of related industrial stocks.
Six of the companies tracked by the FINdex lost share value during Q4, while nine achieved double-digit stock gains during the period, including one long-time fastener company whose stock value more than doubled during the final quarter based on news the business would be acquired by a larger firm.
The FINdex gained 7.1% in Q3, compared with 4.9% gain by industrial stock composites.
The FINdex was hit especially hard in the second quarter, when all public companies with fastener holdings recorded losses. The FINdex declined 14.6% from the beginning of April to the end of June, bested by an index of related industrial stocks, which dipped a comparatively modest 3.4% during the period.
During the opening quarter of 2012 the FINdex rose 12.3%, besting a 9.4% gain by an index of related industrial stocks. But finding a middle ground proved difficult, as most public fastener companies achieved double-digit gains or suffered a loss during the period.
Click here for detailed results of individual company performances, including the top-gaining fastener company of the year, as well as the company whose shares were the hardest hit during the year.
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• Top Fastener Stories of 2012
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