Norges Bank Invests $156.59 Million in Advanced Drainage Systems, Inc. $WMS

Posted by Brian Himes on Jun 4th, 2026

Norges Bank acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,081,179 shares of the construction company’s stock, valued at approximately $156,587,000.

Other large investors have also recently modified their holdings of the company. Pier Capital LLC increased its holdings in shares of Advanced Drainage Systems by 69,891.7% in the fourth quarter. Pier Capital LLC now owns 50,394 shares of the construction company’s stock worth $7,299,000 after buying an additional 50,322 shares during the period. HighTower Advisors LLC increased its holdings in shares of Advanced Drainage Systems by 406.0% in the fourth quarter. HighTower Advisors LLC now owns 27,302 shares of the construction company’s stock worth $3,954,000 after buying an additional 21,906 shares during the period. Essex Investment Management Co. LLC increased its holdings in shares of Advanced Drainage Systems by 345.7% in the third quarter. Essex Investment Management Co. LLC now owns 42,898 shares of the construction company’s stock worth $5,950,000 after buying an additional 33,274 shares during the period. J. Safra Sarasin Holding AG increased its holdings in shares of Advanced Drainage Systems by 22.5% in the fourth quarter. J. Safra Sarasin Holding AG now owns 166,469 shares of the construction company’s stock worth $24,110,000 after buying an additional 30,557 shares during the period. Finally, Elevatus Welath Management purchased a new position in shares of Advanced Drainage Systems in the fourth quarter worth about $2,600,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 2.0%

WMS stock opened at $132.92 on Thursday. Advanced Drainage Systems, Inc. has a fifty-two week low of $109.63 and a fifty-two week high of $179.32. The business’s 50 day moving average price is $142.19 and its two-hundred day moving average price is $149.69. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.29.

Advanced Drainage Systems (NYSE:WMS – Get Free Report) last posted its earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The firm had revenue of $676.76 million for the quarter, compared to the consensus estimate of $651.92 million. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts forecast that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.20 per share. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 14.71%.

Wall Street Analysts Forecast Growth

WMS has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Barclays lowered their price target on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. KeyCorp lowered their price target on Advanced Drainage Systems from $198.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. UBS Group lowered their price target on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Finally, Stephens raised Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $190.00 to $175.00 in a research report on Wednesday, May 27th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.00.

Get Our Latest Research Report on WMS

About Advanced Drainage Systems

(Free Report)

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.