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 Video: What is a Stock Split?
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| HEICO is a holding company. Co. is primarily engaged in the design, manufacture and sale of aerospace, defense and electronic related products and services throughout the U.S. and internationally. Co. is engaged in two operating segments: the Flight Support Group and the Electronic Technologies Group. The Flight Support Group primarily designs, manufactures, repairs, overhauls and distributes jet engine and aircraft component replacement parts. The Electronic Technologies Group primarily designs and manufactures electronic, microwave and electro-optical equipment, high-speed interface products, high voltage interconnection devices and high voltage power electronics. According to our HEIA split history records, HEIA has had 4 splits. | |
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HEIA (HEIA) has 4 splits in our HEIA split history database. The first split for HEIA took place on July 06, 2000. This was a 11 for 10
split, meaning for each 10
shares of HEIA owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. HEIA's second split took place on August 08, 2001. This was a 11 for 10 split, meaning for each 10 shares of HEIA owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. HEIA's third split took place on January 02, 2004. This was a 11 for 10 split, meaning for each 10 shares of HEIA owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. HEIA's 4th split took place on April 27, 2010. This was a 5 for 4 split, meaning for each 4 shares of HEIA owned pre-split, the shareholder now owned 5 shares. For example, a 1331 share position pre-split, became a 1663.75 share position following the split.
When a company such as HEIA 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 HEIA split history from start to finish, an original position size of 1000 shares would have turned into 1663.75 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HEIA shares, starting with a $10,000 purchase of HEIA, presented on a split-history-adjusted basis factoring in the complete HEIA split history.
HEIA -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 07/06/2000 | 11 for 10
| | 08/08/2001 | 11 for 10 | | 01/02/2004 | 11 for 10 | | 04/27/2010 | 5 for 4 |
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