After tumbling 30.3% in the opening quarter of 2020, the FIN Fastener Stock Index rebounded in the second quarter, achieving a 26.7% gain during the period compared to a 19.6% gain by an index of related industrial stocks during the first full quarter of the pandemic.

Tree Island Steel achieved the greatest gain during Q2, more than doubling during the period.

Other fastener stocks gaining share value included Carpenter Technology (up 17.3%); Dorman Products (up 21.3%); Fastenal (up 37%); Grainger (up 26.4%); ITW (up 23%); Lawson Products (up 20.7%); MSC Industrial (up 32.4%); Nucor (up 14.9%); Simpson Mfg. (up 36.1%); Stanley Black & Decker (up 39.4%); and TriMas (up 3.7%).

Fastener stocks losing value during Q2 included Chicago Rivet (down 1.8%); Bisco Industries (down 5%); and Park Ohio (down 13.6%).

However, during the first six months of 2020, the FINdex lost 11.5% of its value, compared to a 7.1% decline by an index of related industrial stocks.

Carpenter Technology saw its share value decline 54% during the period.

Other fastener companies with a share loss during the first half of 2020 include Chicago Rivet (down 19.4%); Dorman Products (down 11.4%): Bisco Industries (down 30.5%); Grainger (down 7.2%); ITW (down 2.7%); Lawson Products (down 38%); MSC Industrial (down 7.2%); Nucor (down 26.4%); Park Ohio (down 51.5%); Stanley Black & Decker (down 15.9%); and TriMas (down 23.7%).

During 2019, the FINdex gained 33.7%, besting a 24.4% increase by an index of related industrial stocks.  Bisco Industries achieved the highest percentage gain, improving 84% during the year.