Advanced Drainage Systems, Inc. (WMS) to Issue Quarterly Dividend of $0.20 on June 15th

Advanced Drainage Systems, Inc. (NYSE:WMS) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 1st will be given a dividend of 0.20 per share by the construction company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 1st. This is a 11.1% increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18.

Advanced Drainage Systems has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Advanced Drainage Systems has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Advanced Drainage Systems to earn $7.91 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 9.1%.

Advanced Drainage Systems Trading Down 1.6%

Shares of NYSE:WMS opened at $132.97 on Friday. The company has a current ratio of 2.42, a quick ratio of 3.08 and a debt-to-equity ratio of 0.92. Advanced Drainage Systems has a 1 year low of $105.14 and a 1 year high of $179.32. The firm has a fifty day moving average price of $142.21 and a 200 day moving average price of $150.06. The stock has a market capitalization of $10.36 billion, a PE ratio of 24.44, a P/E/G ratio of 1.42 and a beta of 1.33.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The business had revenue of $676.76 million during the quarter, compared to analyst estimates of $651.92 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that Advanced Drainage Systems will post 6.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Advanced Drainage Systems

Institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC acquired a new stake in Advanced Drainage Systems in the 1st quarter valued at $7,459,000. Dayah Capital LLC acquired a new position in Advanced Drainage Systems during the 1st quarter worth approximately $1,755,000. Oddo BHF Asset Management Sas acquired a new position in Advanced Drainage Systems during the 1st quarter worth approximately $566,000. Amundi increased its position in Advanced Drainage Systems by 0.7% during the 1st quarter. Amundi now owns 1,288,672 shares of the construction company’s stock worth $176,734,000 after purchasing an additional 9,096 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Advanced Drainage Systems by 128.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 466 shares of the construction company’s stock worth $64,000 after purchasing an additional 262 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.