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 Video: What is a Stock Split?
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| Titan International is a wheel, tire, and undercarriage industrial manufacturer and supplier servicing customers across the globe. Co.'s reportable segments include: agricultural, which provides agricultural rims, wheels, tires, and undercarriage systems and components are manufactured for use on various agricultural equipment, including tractors, combines, skidders, plows, and planters; earthmoving/construction, which manufactures rims, wheels, tires, and undercarriage systems and components for various types of off-the-road earthmoving, mining, military, construction and forestry equipment; and consumer, which manufactures bias truck tires in Latin America and light truck tires in Russia. According to our TWI split history records, Titan International has had 3 splits. | |
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Titan International (TWI) has 3 splits in our TWI split history database. The first split for TWI took place on March 16, 1995. This was a 3 for 2
split, meaning for each 2
shares of TWI 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. TWI's second split took place on September 01, 1995. This was a 3 for 2
split, meaning for each 2
shares of TWI 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. TWI's third split took place on August 18, 2008. This was a 5 for 4 split, meaning for each 4 shares of TWI owned pre-split, the shareholder now owned 5 shares. For example, a 2250 share position pre-split, became a 2812.5 share position following the split.
When a company such as Titan International 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 TWI split history from start to finish, an original position size of 1000 shares would have turned into 2812.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Titan International shares, starting with a $10,000 purchase of TWI, presented on a split-history-adjusted basis factoring in the complete TWI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$21.19 |
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| End price/share: |
$10.39 |
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| Starting shares: |
471.92 |
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| Ending shares: |
481.68 |
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| Dividends reinvested/share: |
$0.14 |
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| Total return: |
-49.95% |
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| Average Annual Total Return: |
-6.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,004.54 |
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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: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$21.19 |
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| End price/share: |
$10.39 |
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| Dividends collected/share: |
$0.14 |
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| Total return: |
-50.31% |
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| Average Annual Total Return: |
-6.76% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,967.13 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/16/1995 | 3 for 2
| | 09/01/1995 | 3 for 2
| | 08/18/2008 | 5 for 4 |
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