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 Video: What is a Stock Split?
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| Texas Industries is a supplier of heavy construction materials in the southwestern U.S. through its three business segments: cement, aggregates and consumer products. Co.'s cement segment produces gray portland cement and other cements such as masonry and oil well cements. Co.'s aggregates segment produces natural aggregates, including sand, gravel and crushed limestone. Co.'s consumer products segment produces and sells ready-mix concrete. Co.'s facilities are concentrated primarily in Texas, Louisiana and California. Co. serves multiple end-user markets, including public works, residential, commercial, industrial and institutional construction sectors, as well as the oil and gas industry. According to our TXI split history records, TXI has had 14 splits. | |
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TXI (TXI) has 14 splits in our TXI split history database. The first split for TXI took place on March 03, 1997. This was a 2 for 1
split, meaning for each share of TXI owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. TXI's second split took place on May 01, 1978. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 2000 share position pre-split, became a 2080 share position following the split. TXI's third split took place on December 01, 1978. This was a 2 for 1 split, meaning for each share of TXI owned pre-split, the shareholder now owned 2 shares. For example, a 2080 share position pre-split, became a 4160 share position following the split. TXI's 4th split took place on April 28, 1980. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 4160 share position pre-split, became a 4326.4 share position following the split. TXI's 5th split took place on April 27, 1981. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 4326.4 share position pre-split, became a 4499.456 share position following the split. TXI's 6th split took place on May 03, 1982. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 4499.456 share position pre-split, became a 4679.43424 share position following the split. TXI's 7th split took place on May 02, 1983. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 4679.43424 share position pre-split, became a 4866.6116096 share position following the split. TXI's 8th split took place on April 30, 1984. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 4866.6116096 share position pre-split, became a 5061.276073984 share position following the split. TXI's 9th split took place on April 29, 1985. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 5061.276073984 share position pre-split, became a 5263.72711694336 share position following the split. TXI's 10th split took place on April 28, 1986. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 5263.72711694336 share position pre-split, became a 5474.2762016211 share position following the split. TXI's 11th split took place on April 27, 1987. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 5474.2762016211 share position pre-split, became a 5693.24724968594 share position following the split. TXI's 12th split took place on May 02, 1988. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 5693.24724968594 share position pre-split, became a 5920.97713967338 share position following the split. TXI's 13th split took place on May 02, 1989. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 5920.97713967338 share position pre-split, became a 6157.81622526031 share position following the split. TXI's 14th split took place on May 07, 1990. This was a 104 for 100 split, meaning for each 100 shares of TXI owned pre-split, the shareholder now owned 104 shares. For example, a 6157.81622526031 share position pre-split, became a 6404.12887427073 share position following the split.
When a company such as TXI 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 TXI split history from start to finish, an original position size of 1000 shares would have turned into 6404.12887427073 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TXI shares, starting with a $10,000 purchase of TXI, presented on a split-history-adjusted basis factoring in the complete TXI split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/28/2014 |
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| End date: |
07/01/2014 |
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| Start price/share: |
$81.44 |
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| End price/share: |
$92.10 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
13.09% |
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| Annualized Gain: |
74.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,309.00 |
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| Years: |
0.18 |
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| Date |
Ratio |
| 03/03/1997 | 2 for 1
| | 05/01/1978 | 104 for 100 | | 12/01/1978 | 2 for 1 | | 04/28/1980 | 104 for 100 | | 04/27/1981 | 104 for 100 | | 05/03/1982 | 104 for 100 | | 05/02/1983 | 104 for 100 | | 04/30/1984 | 104 for 100 | | 04/29/1985 | 104 for 100 | | 04/28/1986 | 104 for 100 | | 04/27/1987 | 104 for 100 | | 05/02/1988 | 104 for 100 | | 05/02/1989 | 104 for 100 | | 05/07/1990 | 104 for 100 |
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