The FIN Fastener Stock Index bounced back in the third quarter of 2018, rising 9.2% after declining 0.4% in the previous quarter. An index of related industrial stocks increased 9.8% in Q3.

Quarterly gains were achieved by a broad cross-section of fastener companies.

Lawson Products had the best FINdex performance in Q3, with share value jumping 39.2% during the period.

Other fastener companies posting strong gains during Q3 included Arconic – the former Alcoa Fastening Systems and Rings business (up 24.3%); Carpenter Tech (up 12.2%); Dorman Products (up 12.6%); Fastenal (up 20%); Grainger (up 15.8%); Simpson Mfg. (up 16.5%); and Stanley Black & Decker (up 10.2%).

FINdex stocks losing share value during the quarter included Bisco Industries (down 4%); KLX (down 12.7%); and Tree Island Steel (down 17%).

During the first six months of 2018, both the FINdex and an index of related industrial stocks were essentially unchanged. The FINdex achieved marginal growth of 0.3% in the opening quarter of 2018, compared to an 11.7% loss by an index of related industrial stocks.

In 2017, the FINdex rose 20.2%, compared to a 22.7% increase by an index of related industrial stocks.

For the last 10 years of FINdex financial coverage, FIN Subscribers can visit the FIN Stock Review section of GlobalFastenerNews.com.