Brokerages Set Advanced Drainage Systems, Inc. (NYSE:WMS) PT at $152.56

Key Points

• Advanced Drainage Systems, Inc. has received a consensus recommendation of "Moderate Buy" from eight ratings firms, with a target price averaging $152.56.
• Recent reports from Barclays and KeyCorp have raised their price objectives for the stock, with Barclays adjusting it from $135.00 to $160.00, while KeyCorp increased it from $140.00 to $159.00.
• The company reported earnings of $1.95 per share for the last quarter, surpassing expectations and indicating a revenue increase of 1.8% compared to the previous year.

Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $152.5556.

A number of research analysts have recently commented on the company. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a report on Friday, August 8th. KeyCorp boosted their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Loop Capital reduced their target price on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a report on Friday, May 16th. Barclays boosted their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Oppenheimer reissued an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th.

Institutional Trading of Advanced Drainage Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of Advanced Drainage Systems in the 1st quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. raised its stake in Advanced Drainage Systems by 352.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company's stock valued at $26,000 after acquiring an additional 176 shares during the last quarter. Bessemer Group Inc. raised its stake in Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after acquiring an additional 115 shares during the last quarter. Parallel Advisors LLC grew its position in Advanced Drainage Systems by 177.4% in the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company's stock valued at $49,000 after buying an additional 275 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Advanced Drainage Systems in the 1st quarter valued at $66,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Up 0.8%

Shares of WMS traded up $1.11 during mid-day trading on Monday, reaching $143.07. The company's stock had a trading volume of 165,309 shares, compared to its average volume of 715,715. Advanced Drainage Systems has a 12-month low of $93.92 and a 12-month high of $166.03. The stock has a market cap of $11.12 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.91 and a beta of 1.26. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The company's 50 day moving average is $126.31 and its 200 day moving average is $116.81.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. During the same quarter in the prior year, the business posted $2.06 EPS. The business's revenue for the quarter was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities analysts anticipate that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Advanced Drainage Systems's payout ratio is presently 13.00%.

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.