Advanced Drainage Systems, Inc. (NYSE:WMS) Receives $164.25 Average Price Target from Analysts

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $164.25.

WMS has been the topic of several recent research reports. Stephens reiterated an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 7th. Robert W. Baird reduced their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Oppenheimer lowered their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Barclays cut their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, KeyCorp lowered their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 11th.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $120.99 on Thursday. Advanced Drainage Systems has a 1 year low of $110.75 and a 1 year high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average is $120.46 and its 200-day moving average is $137.64. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.22 and a beta of 1.52.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Sell-side analysts forecast that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.53%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

Hedge Funds Weigh In On Advanced Drainage Systems

Several institutional investors and hedge funds have recently made changes to their positions in WMS. Truist Financial Corp lifted its holdings in Advanced Drainage Systems by 14.5% during the second quarter. Truist Financial Corp now owns 2,095 shares of the construction company’s stock worth $336,000 after acquiring an additional 266 shares in the last quarter. CWM LLC raised its position in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after purchasing an additional 85 shares during the period. Creative Planning lifted its holdings in shares of Advanced Drainage Systems by 149.1% during the 3rd quarter. Creative Planning now owns 11,710 shares of the construction company’s stock valued at $1,840,000 after purchasing an additional 7,009 shares in the last quarter. Swedbank AB grew its position in shares of Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock valued at $217,553,000 after purchasing an additional 75,455 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in Advanced Drainage Systems by 2.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 21,479 shares of the construction company’s stock worth $3,376,000 after purchasing an additional 565 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

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.