Advanced Drainage Systems, Inc. $WMS Shares Sold by Graver Capital Management LLC

Graver Capital Management LLC lessened its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,868 shares of the construction company’s stock after selling 200 shares during the period. Advanced Drainage Systems makes up approximately 0.6% of Graver Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Graver Capital Management LLC’s holdings in Advanced Drainage Systems were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Advanced Drainage Systems by 167.1% during the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock worth $88,000 after purchasing an additional 508 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Advanced Drainage Systems by 24.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,512 shares of the construction company’s stock worth $816,000 after acquiring an additional 1,458 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Advanced Drainage Systems by 4.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 171,222 shares of the construction company’s stock worth $18,603,000 after acquiring an additional 7,312 shares during the period. State of Alaska Department of Revenue boosted its holdings in Advanced Drainage Systems by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 8,265 shares of the construction company’s stock worth $897,000 after acquiring an additional 220 shares during the period. Finally, Absher Wealth Management LLC boosted its holdings in Advanced Drainage Systems by 14.6% in the 1st quarter. Absher Wealth Management LLC now owns 16,454 shares of the construction company’s stock worth $1,788,000 after acquiring an additional 2,102 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Barclays upped their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average target price of $152.56.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $140.29 on Friday. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $166.03. The company has a market cap of $10.91 billion, a P/E ratio of 25.32, a PEG ratio of 1.89 and a beta of 1.32. The stock has a fifty day moving average price of $141.40 and a 200 day moving average price of $122.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.17. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The company had revenue of $829.88 million during the quarter, compared to analysts’ expectations of $800.54 million. During the same quarter in the prior year, the business posted $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. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

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

Advanced Drainage Systems 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.