 |
 Video: What is a Stock Split?
|
|
|
| Astec Industries designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities as well as other products. Co. also manufactures certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction and demolition industries and port and rail yard operators; gas and oil drilling rigs; water well and geothermal drilling rigs; industrial heat transfer equipment; commercial whole-tree pulpwood chippers; horizontal grinders; blower trucks; concrete plants; wood pellet plants; commercial and industrial burners; and combustion control systems. According to our ASTE split history records, Astec Industries has had 2 splits. |
|
|
Astec Industries (ASTE) has 2 splits in our ASTE split history database. The first split for ASTE took place on September 13, 1993. This was a 2 for 1
split, meaning for each share of ASTE owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ASTE's second split took place on January 19, 1999. This was a 2 for 1
split, meaning for each share of ASTE owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Astec Industries splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ASTE split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Astec Industries shares, starting with a $10,000 purchase of ASTE, presented on a split-history-adjusted basis factoring in the complete ASTE split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
04/05/2010 |
|
| End date: |
04/01/2020 |
|
| Start price/share: |
$30.39 |
|
| End price/share: |
$37.66 |
|
| Starting shares: |
329.06 |
|
| Ending shares: |
366.00 |
|
| Dividends reinvested/share: |
$3.87 |
|
| Total return: |
37.83% |
|
| Average Annual Total Return: |
3.26% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$13,781.07 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
04/05/2010 |
|
| End date: |
04/01/2020 |
|
| Start price/share: |
$30.39 |
|
| End price/share: |
$37.66 |
|
| Dividends collected/share: |
$3.87 |
|
| Total return: |
36.66% |
|
| Average Annual Total Return: |
3.17% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$13,661.46 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 09/13/1993 | 2 for 1
| | 01/19/1999 | 2 for 1
|
|
|
