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Video: What is a Stock Split?
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Gibraltar Industries is a manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets. Co.'s reporting segments are: Renewables, which is a designer and manufacturer of solutions for solar mounting systems; Residential, which services the residential repair and remodeling and to a lesser extent the new housing construction markets; Agtech, which includes controlled environment agriculture solutions for growing fruits and vegetables, supplier of custom greenhouses for research, education, and retail; and Infrastructure, which serves highway and bridge construction and airports through commercial and transportation contractors. According to our ROCK split history records, Gibraltar Industries has had 1 split. | |
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Gibraltar Industries (ROCK) has 1 split in our ROCK split history database. The split for ROCK took place on November 01, 2004. This was a 3 for 2 split, meaning for each 2 shares of ROCK 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.
When a company such as Gibraltar 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 ROCK split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gibraltar Industries shares, starting with a $10,000 purchase of ROCK, presented on a split-history-adjusted basis factoring in the complete ROCK split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/18/2024 |
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Start price/share: |
$17.77 |
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End price/share: |
$71.08 |
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Dividends collected/share: |
$0.00 |
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Total return: |
300.00% |
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Average Annual Total Return: |
14.87% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$39,985.38 |
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Years: |
10.00 |
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Date |
Ratio |
11/01/2004 | 3 for 2 |
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