FIN Fastener Stock Index Up for 2003

John Wolz

The FIN Fastener Stock Index posted a 29.9% gain for 2003, outperforming an index of related stocks that rose 28.6%.
During 2002 the FIN Fastener Stock Index fell 11.2%, compared with a 15.8% decline by an index of related stocks.

Fastener stocks gaining 50% or more during 2003 were: Aviall, Alcoa, Barnes Group, Park-Ohio, R&B Inc., Penn Engineering and Precision Castparts.
While some fastener stocks soared, a few fared poorly in 2003. Ivaco�s stock slid 82.7% to $0.43 per share, posting the biggest fastener stock loss for the year. Other companies losing 10% or more included Federal Screw Works and T-3 Energy Services.
The FIN Fastener Stock Index rose 20% during the final quarter of 2003, boosted by strong gains from such companies as Alcoa, Textron and Fastenal. An index of related stocks rose 12.5% during Q4.
Fastener stocks gaining 20% or more during the fourth quarter were: Aviall, Barnes Group, Black & Decker, Danaher, Honeywell, ITW, BE Aerospace, Lawson Products, R&B Inc., Penn Engineering and Precision Castparts. \ �2004 FastenerNews.com