Twenty-seven companies in the producer durable sector are being added to the Russell 2000 in this year's reconstitution of the small-stock index, while 6 in the sector are being removed.
Alamo Group Inc., Applied Signal Technology Inc., Ascent Solar Technologies Inc., Axsys Technologies Inc., Beacon Power Corp., Cavco Industries Inc., Colfax Corp., DXP Enterprises Inc., Ducommun Inc., Emcore Corp., Flanders Corp., Fushi Copperweld Inc., Graham Corp., Harbin Electric Inc., K-Tron International Inc., Key Technology Inc., LMI Aerospace Inc., Met-Pro Corp., Metalico Inc., Peerless Manufacturing Co., Photon Dynamics Inc., Presstek Inc., Radyne Corp., Synthesis Energy Systems Inc. and Thermadyne Holdings Corp. were added to the Russell 2000.
HNI Corp. and Ryland Group Inc. moved down to the Russell 2000 from the large-cap Russell 1000.
Credence Systems Corp., Hardinge Inc., WCI Communities Inc. and X-Rite Inc. were removed from the small-cap index. Bucyrus International Inc. and Itron Inc. moved up to the Russell 1000, and were removed from the Russell 2000.
Tacoma, Wash.-based Russell Investments realigns the Russell 3000 index once per year, tracking what it maintains is 99 percent of the U.S. equity market. That index is then broken down into 26 smaller indexes, including the widely watched Russell 1000 index of large capitalization stocks and the Russell 2000 index of small capitalization stocks.
The makeup of the Russell indexes for the next 12 months was finalized after the closing bell Friday.
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