Stocks for Fastener Gain in 2016
Chicago Rivet and Machine Co. was the biggest winner in stock value during the year. The automotive fastener stalwart saw share gains climb 78.4% during the year.
Other companies gaining 10% or more in share value during 2016 included Carpenter Technology (up 19.5%); Dorman Products (up 54%); EACO (21.8%); Fastenal (15%); Grainger (up 14.6%); ITW (up 32.1%); KLX (up 46.5%); MSC Industrial (up 64.2%); Nucor (up 47.7%); Park Ohio (up15.8%); Simpson Mfg. (up 28.1%); Tree Island Steel (up 36.4%); TriMas (up 26%); and Wesco Aircraft (up 24.9%).
Much of Chicago Rivet’s stock gains came during the fourth quarter, when the company’s stock increased 47.7%.