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Beazer Homes USA (BZH) has 2 splits in our BZH split history database. The first split for BZH took place on March 23, 2005. This was a 3 for 1 split, meaning for each share of BZH owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. BZH's second split took place on October 12, 2012. This was a 1 for 5 reverse split, meaning for each 5 shares of BZH owned pre-split, the shareholder now owned 1 share. For example, a 3000 share position pre-split, became a 600 share position following the split.
When a company such as Beazer Homes USA 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. When a company such as Beazer Homes USA conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the BZH split history from start to finish, an original position size of 1000 shares would have turned into 600 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Beazer Homes USA shares, starting with a $10,000 purchase of BZH, presented on a split-history-adjusted basis factoring in the complete BZH split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-4.70%|
|About Beazer Homes USA|
|Beazer Homes USA is engaged as a homebuilder. Co.'s homebuilding operations consist of the design, sale, and construction of single-family and multi-family homes. Co. purchases land or obtains an option to purchase land, which, in either case, requires certain site improvements prior to home construction. When available in certain markets, Co. also buys finished lots that are ready for home construction. Co. act as the general contractor for the construction of its new home communities. Co. also has investments with land developers, other homebuilders, and financial partners to acquire land positions, to manage its risk profile, and to utilize its capital base. According to our BZH split history records, Beazer Homes USA has had 2 splits.|
|BZH Split History Table|
|03/23/2005||3 for 1|
|10/12/2012||1 for 5|
|Services Stock Splits|
|BZH is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: BZH shares outstanding history