Oppenheimer Lowers Advanced Drainage Systems (NYSE:WMS) Price Target to $184.00

Advanced Drainage Systems (NYSE:WMS) had its target price cut by Oppenheimer from $192.00 to $184.00 in a report released on Monday,Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Other equities analysts have also issued research reports about the stock. KeyCorp cut their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays cut their price target on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Robert W. Baird lowered their target price on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Loop Capital reduced their price target on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Trading Down 2.1 %

Shares of NYSE:WMS opened at $130.31 on Monday. Advanced Drainage Systems has a 12-month low of $116.98 and a 12-month high of $184.27. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $10.10 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53. The firm has a fifty day moving average of $150.43 and a two-hundred day moving average of $158.96.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The firm had revenue of $782.60 million during the quarter, compared to analysts’ expectations of $819.41 million. During the same quarter last year, the firm earned $1.71 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts expect that Advanced Drainage Systems will post 6.5 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.19%.

Hedge Funds Weigh In On Advanced Drainage Systems

A number of institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Advanced Drainage Systems by 319.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after purchasing an additional 115 shares during the period. Blue Trust Inc. lifted its holdings in shares of Advanced Drainage Systems by 1,472.7% during the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after buying an additional 162 shares during the last quarter. West Oak Capital LLC boosted its position in shares of Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. National Bank of Canada FI acquired a new stake in shares of Advanced Drainage Systems in the second quarter worth $45,000. Finally, Huntington National Bank increased its position in Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after acquiring an additional 213 shares during the period. 89.83% of the stock is currently owned by institutional investors.

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.