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2014 FINdex Drops Despite Final Quarter Gains
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2015-03-13
The FIN Fastener Stock Index swung into positive territory in the final quarter of 2014, but the gains weren't enough to push the FINdex into the black for the full year.
After dropping 7.1% in the third quarter, the FINdex gained 2% in Q4, compared to a 3.5% gain by an index of related industrial stocks.
The final period of 2014 was marked by strong gains and losses for the 20 public companies tracked by GlobalFastenerNews.com.
In all, 12 of the 20 public companies tracked by the FINdex gained share value during Q4.
For the year the FINdex lost 2.5% of its value, compared to a 7.2% gain by an index of related industrial stocks.
Fastener companies gaining at least 10% in value during 2014 included Alcoa (48.5%), Bisco Industries (100%), ITW (12.6%), Lawson Products (117%), Park Ohio (20.3%), Stanley Black & Decker (19.1%), and Tree Island Steel (76.2%).
In 2013, the FINdex gained 33.3%, compared to a 27.1% increase by other indices.
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