Advanced Drainage Systems (NYSE:WMS) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Advanced Drainage Systems has received a "hold (C)" rating from Weiss Ratings, while multiple research firms have rated the stock as a buy with a target price ranging from $159.00 to $167.00.
• The company's stock has shown recent positive performance, trading up by 2.1% to $141.20, with a market capitalization of approximately $10.98 billion.
• Advanced Drainage Systems reported an earnings per share (EPS) of $1.95 for the last quarter, exceeding estimates and reflecting a revenue increase of 1.8% year-over-year.

Advanced Drainage Systems (NYSE:WMS - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms have also weighed in on WMS. UBS Group restated a "buy" rating and set a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. KeyCorp upped their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Royal Bank Of Canada initiated coverage on Advanced Drainage Systems in a report on Monday, August 11th. They set an "outperform" rating and a $159.00 target price for the company. Finally, Barclays upped their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems Trading Up 2.1%

NYSE:WMS traded up $2.84 during midday trading on Wednesday, hitting $141.20. The stock had a trading volume of 160,133 shares, compared to its average volume of 723,737. Advanced Drainage Systems has a one year low of $93.92 and a one year high of $166.03. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.90 and a beta of 1.32. The stock has a 50-day moving average of $138.43 and a 200 day moving average of $121.66. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $829.88 million for the quarter, compared to analysts' expectations of $800.54 million. During the same quarter in the prior year, the firm earned $2.06 earnings per share. Advanced Drainage Systems's revenue was up 1.8% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Advanced Drainage Systems will post 6.1 EPS for the current year.

Institutional Investors Weigh In On Advanced Drainage Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. acquired a new stake in Advanced Drainage Systems during the 1st quarter worth about $26,000. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 period. Bessemer Group Inc. grew its position in shares of 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 period. Parallel Advisors LLC grew its position in shares of Advanced Drainage Systems by 177.4% during the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company's stock valued at $49,000 after acquiring an additional 275 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Advanced Drainage Systems during the 1st quarter valued at about $66,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.

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