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 Video: What is a Stock Split?
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| Horton (DR) is a homebuilding company. Co. constructs and sells homes through its operating divisions, mainly under the names of D.R. Horton, America's Builder, Emerald Homes, Express Homes and Freedom Homes. Co.'s business operations consist of homebuilding, a majority-owned residential lot development company, financial services, rental and other activities. Co. sells single-family detached homes, as well as attached homes, such as townhomes, duplexes and triplexes. Co.'s financial services operations provide mortgage financing and title agency services to homebuyers in majority of its homebuilding markets. Co.'s rental segment consists of multi-family and single-family rental operations. According to our Horton stock split history records, Horton has had 10 splits. | |
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Horton (DHI) has 10 splits in our Horton stock split history database. The first split for DHI took place on September 18, 1995. This was a 7 for 5
split, meaning for each 5
shares of DHI owned pre-split, the shareholder now owned 7 shares. For example, a 1000 share position pre-split, became a 1400 share position following the split. DHI's second split took place on September 14, 2000. This was a 109 for 100 split, meaning for each 100 shares of DHI owned pre-split, the shareholder now owned 109 shares. For example, a 1400 share position pre-split, became a 1526 share position following the split. DHI's third split took place on March 07, 2001. This was a 111 for 100 split, meaning for each 100 shares of DHI owned pre-split, the shareholder now owned 111 shares. For example, a 1526 share position pre-split, became a 1693.86 share position following the split. DHI's 4th split took place on April 10, 2002. This was a 3 for 2 split, meaning for each 2 shares of DHI owned pre-split, the shareholder now owned 3 shares. For example, a 1693.86 share position pre-split, became a 2540.79 share position following the split. DHI's 5th split took place on January 13, 2004. This was a 3 for 2 split, meaning for each 2 shares of DHI owned pre-split, the shareholder now owned 3 shares. For example, a 2540.79 share position pre-split, became a 3811.185 share position following the split. DHI's 6th split took place on March 17, 2005. This was a 4 for 3 split, meaning for each 3 shares of DHI owned pre-split, the shareholder now owned 4 shares. For example, a 3811.185 share position pre-split, became a 5081.58 share position following the split. DHI's 7th split took place on May 24, 1994. This was a 106 for 100 split, meaning for each 100 shares of DHI owned pre-split, the shareholder now owned 106 shares. For example, a 5081.58 share position pre-split, became a 5386.4748 share position following the split. DHI's 8th split took place on May 06, 1996. This was a 108 for 100 split, meaning for each 100 shares of DHI owned pre-split, the shareholder now owned 108 shares. For example, a 5386.4748 share position pre-split, became a 5817.392784 share position following the split. DHI's 9th split took place on August 25, 1993. This was a 105 for 100 split, meaning for each 100 shares of DHI owned pre-split, the shareholder now owned 105 shares. For example, a 5817.392784 share position pre-split, became a 6108.2624232 share position following the split. DHI's 10th split took place on May 24, 1995. This was a 109 for 100 split, meaning for each 100 shares of DHI owned pre-split, the shareholder now owned 109 shares. For example, a 6108.2624232 share position pre-split, became a 6658.006041288 share position following the split.
When a company such as Horton 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 Horton stock split history from start to finish, an original position size of 1000 shares would have turned into 6658.006041288 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Horton shares, starting with a $10,000 purchase of DHI, presented on a split-history-adjusted basis factoring in the complete Horton stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/08/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$21.00 |
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| End price/share: |
$184.64 |
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| Starting shares: |
476.19 |
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| Ending shares: |
531.07 |
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| Dividends reinvested/share: |
$6.67 |
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| Total return: |
880.58% |
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| Average Annual Total Return: |
25.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$98,028.70 |
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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: |
10/08/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$21.00 |
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| End price/share: |
$184.64 |
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| Dividends collected/share: |
$6.67 |
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| Total return: |
811.01% |
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| Average Annual Total Return: |
24.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$91,084.88 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/18/1995 | 7 for 5
| | 09/14/2000 | 109 for 100 | | 03/07/2001 | 111 for 100 | | 04/10/2002 | 3 for 2 | | 01/13/2004 | 3 for 2 | | 03/17/2005 | 4 for 3 | | 05/24/1994 | 106 for 100 | | 05/06/1996 | 108 for 100 | | 08/25/1993 | 105 for 100 | | 05/24/1995 | 109 for 100 |
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