Advanced Drainage Systems, Inc. (NYSE:WMS) Receives $152.56 Consensus PT from Analysts

Advanced Drainage Systems, Inc. (NYSE:WMS) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $152.5556.

WMS has been the subject of several research reports. Wall Street Zen upgraded 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 objective on Advanced Drainage Systems in a research note on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Friday. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a report on Monday, August 11th. They set an “outperform” rating and a $159.00 target price on the stock. Finally, UBS Group restated a “buy” rating and set a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WMS. GAMMA Investing LLC boosted 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 last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Advanced Drainage Systems by 24.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,512 shares of the construction company’s stock valued at $816,000 after acquiring an additional 1,458 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Advanced Drainage Systems by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 8,265 shares of the construction company’s stock valued at $897,000 after acquiring an additional 220 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Advanced Drainage Systems by 48.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,566 shares of the construction company’s stock valued at $496,000 after acquiring an additional 1,487 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Advanced Drainage Systems by 81.1% in the first quarter. Oppenheimer & Co. Inc. now owns 12,990 shares of the construction company’s stock valued at $1,411,000 after acquiring an additional 5,818 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

NYSE:WMS opened at $143.80 on Tuesday. Advanced Drainage Systems has a 12 month low of $93.92 and a 12 month high of $166.03. The stock has a 50 day moving average of $142.03 and a two-hundred day moving average of $124.75. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The firm has a market cap of $11.18 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 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 analyst estimates of $800.54 million. During the same period in the previous year, the business earned $2.06 EPS. Advanced Drainage Systems’s quarterly revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, analysts expect that Advanced Drainage Systems will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.18 per share. 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 currently 13.00%.

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.