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|ASTE Dividend History|
|ASTE Stock Split History|
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|ASTE Options Chain|
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Astec Industries (ASTE) has 2 splits in our ASTE split history database. The first split for ASTE took place on September 13, 1993. This was a 2 for 1 split, meaning for each share of ASTE 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. ASTE's second split took place on January 19, 1999. This was a 2 for 1 split, meaning for each share of ASTE owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Astec 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 ASTE split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Astec Industries shares, starting with a $10,000 purchase of ASTE, presented on a split-history-adjusted basis factoring in the complete ASTE split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||8.40%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||7.79%|
|About Astec Industries|
|Astec Industries designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities, as well as other products. Co.'s segments are: the Infrastructure Group, which designs, engineers, manufactures and markets a line of asphalt plants and their related components; the Aggregate and Mining Group, which focuses on designing and manufacturing heavy processing equipment, as well as servicing and supplying parts for the aggregate, metallic mining, recycling, ports and bulk handling markets; and the Energy Group, which focuses on supplying heavy equipment used mainly in commercial, industrial and process heating applications. According to our ASTE split history records, Astec Industries has had 2 splits.|
|ASTE Split History Table|
|09/13/1993||2 for 1|
|01/19/1999||2 for 1|
|Industrials Stock Splits|
|ASTE is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ASTE shares outstanding history