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 Video: What is a Stock Split?
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| Quanex Building Products manufactures components for original equipment manufacturers in the building products industry. Co. has three reportable business segments: North American Fenestration, which comprises three operating segments, manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Fenestration segment, which comprises its U.K.-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers; and North American Cabinet Components segment, which comprises its North American cabinet door and components business and wood-manufacturing plants. According to our NX split history records, Quanex Building Products has had 2 splits. | |
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Quanex Building Products (NX) has 2 splits in our NX split history database. The first split for NX took place on January 03, 2005. This was a 3 for 2 split, meaning for each 2 shares of NX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. NX's second split took place on April 03, 2006. This was a 3 for 2 split, meaning for each 2 shares of NX owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as Quanex Building Products 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 NX split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Quanex Building Products shares, starting with a $10,000 purchase of NX, presented on a split-history-adjusted basis factoring in the complete NX split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
08/17/2012 |
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| End date: |
08/15/2022 |
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| Start price/share: |
$18.15 |
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| End price/share: |
$25.67 |
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| Starting shares: |
550.96 |
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| Ending shares: |
621.61 |
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| Dividends reinvested/share: |
$2.24 |
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| Total return: |
59.57% |
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| Average Annual Total Return: |
4.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,950.85 |
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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: |
08/17/2012 |
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| End date: |
08/15/2022 |
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| Start price/share: |
$18.15 |
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| End price/share: |
$25.67 |
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| Dividends collected/share: |
$2.24 |
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| Total return: |
53.77% |
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| Average Annual Total Return: |
4.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,381.72 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/03/2005 | 3 for 2 | | 04/03/2006 | 3 for 2 |
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