Advanced Drainage Systems, Inc. (NYSE:WMS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $152.5556.

A number of research firms have issued reports on WMS. Barclays boosted their price objective on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Royal Bank Of Canada began coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They issued an “outperform” rating and a $159.00 price objective on the stock. KeyCorp boosted their price objective on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of large investors have recently modified their holdings of the stock. MASTERINVEST Kapitalanlage GmbH bought a new stake in Advanced Drainage Systems during the second quarter worth about $1,321,000. State of Wyoming boosted its stake in Advanced Drainage Systems by 144.3% during the second quarter. State of Wyoming now owns 2,660 shares of the construction company’s stock worth $306,000 after acquiring an additional 1,571 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Advanced Drainage Systems by 38.6% during the second quarter. Westwood Holdings Group Inc. now owns 251,483 shares of the construction company’s stock worth $28,885,000 after acquiring an additional 70,048 shares in the last quarter. Headlands Technologies LLC bought a new stake in Advanced Drainage Systems during the second quarter worth about $112,000. Finally, Tower Research Capital LLC TRC boosted its stake in Advanced Drainage Systems by 81.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,662 shares of the construction company’s stock worth $421,000 after acquiring an additional 1,642 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

WMS stock opened at $144.19 on Monday. The firm’s 50-day moving average price is $124.79 and its two-hundred day moving average price is $116.34. Advanced Drainage Systems has a 12-month low of $93.92 and a 12-month high of $166.03. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.91 and a beta of 1.26. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82.

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

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. Advanced Drainage Systems’s payout ratio is presently 13.00%.

Advanced Drainage Systems Company Profile

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.