AutoZone, Goldman Sachs, NVR, and TransDigm have not pursued stock splits for decades despite broader market trends toward splits to attract retail investors. NVR has never split since its IPO, with capital returns focused on share repurchases, including a newly authorized $750 million buyback. AutoZone has not split since its 1991 IPO and also returns capital through buybacks rather than dividends, with large cumulative repurchases since 1998. Goldman Sachs has not split since 2000. TransDigm has historically returned capital through special dividends instead of splits. None of the four has announced a split or signaled board action.
"The homebuilder carries the highest absolute share price of the four, closing at $6,032.82 on May 26, 2026, with a market cap of roughly $16.3 billion. Q1 2026 was rough: EPS of $67.76 missed the $79.20 consensus estimate, with revenue down 22% year over year and homebuilding settlements off 22%. CEO Eugene Bredow personally bought 60 shares at $5,776.15 on May 14, 2026, and 80 shares at $6,262.53 on May 6. When insiders happily write four-figure checks per share, splitting the float is not on the agenda. NVR also just authorized a fresh $750 million share buyback. Capital return runs entirely through repurchases."
"The specialty retailer trades at $3,100.11 a share, down 19.0% over the past year, with a market cap near $51.4 billion and a trailing P/E of 22x. Q3 FY2026 delivered EPS of $38.07 versus $36.17 expected, with revenue up 8.4% year over year. CEO Phil Daniele has not entertained a split publicly. Capital allocation is all buyback: $586.3 million repurchased in Q3 at $3,582 per share, with $804.2 million remaining. Cumulative buybacks since 1998 hit $38.9 billion, leaving shareholders' equity negative. There is no dividend program. AutoZone treats a high share price as a deliberate strategic feature. The case for a split is purely cosmetic; the case against it is institutional inertia."
"Four stand out: AutoZone ( NYSE: AZO | AZO Price Prediction) has not split since its 1991 IPO, Goldman Sachs ( NYSE: GS) has not split since 2000, NVR ( NYSE: NVR) has never split, and TransDigm ( NYSE: TDG) has historically returned capital through special dividends. None has announced a split or telegraphed board action. The ranking below counts down from the most entrenched holdout to the one most likely to budge."
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]