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 Video: What is a Stock Split?
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| Eagle Materials is a holding company. Through its subsidiaries, Co. is a manufacturer of heavy construction materials and light building materials. Co.'s business is organized into two sectors: Heavy Materials and Light Materials. Co.'s Heavy Materials sector provides cement and concrete and aggregates for use in infrastructure, commercial, and residential construction. This sector comprises the Cement and Concrete and Aggregates segments. Co.'s Light Materials sector is comprised of the Gypsum Wallboard segment, which produces gypsum wallboard used in residential and commercial buildings, and the Recycled Paperboard segment, which produces paper used in the manufacture of gypsum wallboard. According to our EXP split history records, Eagle Materials has had 1 split. | |
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Eagle Materials (EXP) has 1 split in our EXP split history database. The split for EXP took place on February 27, 2006. This was a 3 for 1 split, meaning for each share of EXP owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as Eagle Materials 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 EXP split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Eagle Materials shares, starting with a $10,000 purchase of EXP, presented on a split-history-adjusted basis factoring in the complete EXP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$104.00 |
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| End price/share: |
$270.68 |
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| Starting shares: |
96.15 |
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| Ending shares: |
100.97 |
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| Dividends reinvested/share: |
$5.55 |
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| Total return: |
173.30% |
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| Average Annual Total Return: |
10.58% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,330.41 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$104.00 |
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| End price/share: |
$270.68 |
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| Dividends collected/share: |
$5.55 |
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| Total return: |
165.61% |
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| Average Annual Total Return: |
10.26% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,549.95 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/27/2006 | 3 for 1 |
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