Madison Asset Management LLC Takes Position in Advanced Drainage Systems, Inc. $WMS

Posted by Francis Steltz on Aug 21st, 2026

Madison Asset Management LLC bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,452 shares of the construction company’s stock, valued at approximately $3,053,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Captrust Financial Advisors raised its holdings in Advanced Drainage Systems by 2.8% in the 4th quarter. Captrust Financial Advisors now owns 2,170 shares of the construction company’s stock valued at $314,000 after acquiring an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Advanced Drainage Systems by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 16,007 shares of the construction company’s stock worth $2,318,000 after acquiring an additional 63 shares during the period. MML Investors Services LLC boosted its holdings in shares of Advanced Drainage Systems by 3.4% during the fourth quarter. MML Investors Services LLC now owns 1,961 shares of the construction company’s stock worth $284,000 after acquiring an additional 64 shares during the period. Larson Financial Group LLC grew its position in shares of Advanced Drainage Systems by 24.4% in the fourth quarter. Larson Financial Group LLC now owns 377 shares of the construction company’s stock valued at $55,000 after purchasing an additional 74 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in shares of Advanced Drainage Systems by 78.1% in the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock valued at $33,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Down 2.8%

Shares of WMS stock opened at $142.36 on Friday. The stock has a market cap of $10.73 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27. Advanced Drainage Systems, Inc. has a 1 year low of $128.03 and a 1 year high of $179.32. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The stock has a 50 day simple moving average of $146.09 and a 200 day simple moving average of $147.34.

Advanced Drainage Systems (NYSE:WMS – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.39. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.39 million. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%.The company’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the company earned $1.95 EPS. On average, research analysts predict that Advanced Drainage Systems, Inc. will post 6.62 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is currently 13.82%.

Analyst Ratings Changes

WMS has been the subject of several research reports. Robert W. Baird set a $206.00 price target on Advanced Drainage Systems in a report on Friday, August 7th. Zacks Research upgraded Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. UBS Group lifted their target price on Advanced Drainage Systems from $205.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, August 7th. KeyCorp reissued an “overweight” rating on shares of Advanced Drainage Systems in a research report on Monday, June 22nd. Finally, Royal Bank Of Canada upped their price target on shares of Advanced Drainage Systems from $170.00 to $178.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.38.

View Our Latest Stock Report on WMS

Advanced Drainage Systems Profile

(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.