Advanced Drainage Systems, Inc. (NYSE:WMS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $152.5556.

WMS has been the topic of a number of analyst reports. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They set an “outperform” rating and a $159.00 price objective on the stock. Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Oppenheimer reissued an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Barclays lifted their target price on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 8th.

Advanced Drainage Systems Trading Up 0.6%

Shares of Advanced Drainage Systems stock opened at $138.86 on Friday. Advanced Drainage Systems has a 1-year low of $93.92 and a 1-year high of $166.03. The company’s fifty day simple moving average is $136.14 and its 200-day simple moving average is $120.58. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The stock has a market capitalization of $10.80 billion, a PE ratio of 25.07, a P/E/G ratio of 1.83 and a beta of 1.26.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. The company had revenue of $829.88 million for the quarter, compared to analysts’ expectations of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.Advanced Drainage Systems’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Advanced Drainage Systems will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems’s payout ratio is presently 13.00%.

Institutional Trading of Advanced Drainage Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in WMS. NBC Securities Inc. bought a new position in Advanced Drainage Systems in the 1st quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Advanced Drainage Systems by 352.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after buying an additional 176 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Advanced Drainage Systems by 177.4% during the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock worth $49,000 after acquiring an additional 275 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Advanced Drainage Systems during the first quarter valued at $66,000. Institutional investors own 89.83% of the company’s stock.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.