16,304 Advanced Drainage Systems, Inc. $WMS Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems cut its WMS position by 77.6% in the third quarter, selling 16,304 shares and retaining 4,700 shares valued at $596,000. Overall, institutional investors and hedge funds own 89.83% of the stock.
• Fiscal Q2 2027 revenue was $889.4 million, below the $921.8 million consensus, while EPS of $1.88 beat one consensus estimate but declined from $1.97 a year earlier. A guidance cut contributed to a sharp post-results share decline.
• Advanced Drainage Systems declared a quarterly dividend of $0.20 per share, equal to a 0.6% annualized yield. Analysts lowered price targets but maintained positive ratings; the consensus target is $184.40 versus a cited share price of $124.11.

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 77.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,700 shares of the construction company's stock after selling 16,304 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Advanced Drainage Systems were worth $596,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. North Dakota State Investment Board boosted its position in Advanced Drainage Systems by 5.4% during the third quarter. North Dakota State Investment Board now owns 2,215 shares of the construction company's stock worth $281,000 after acquiring an additional 114 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Advanced Drainage Systems by 4.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 64,950 shares of the construction company's stock valued at $8,230,000 after acquiring an additional 2,817 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Advanced Drainage Systems by 66.1% during the 3rd quarter. Signaturefd LLC now owns 1,274 shares of the construction company's stock worth $161,000 after purchasing an additional 507 shares during the period. RWC Asset Management LLP lifted its stake in shares of Advanced Drainage Systems by 3.4% during the 3rd quarter. RWC Asset Management LLP now owns 3,727 shares of the construction company's stock worth $472,000 after purchasing an additional 124 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Advanced Drainage Systems by 60.6% during the 3rd quarter. Inspire Investing LLC now owns 7,134 shares of the construction company's stock worth $904,000 after purchasing an additional 2,691 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Advanced Drainage Systems

Here are the key news stories impacting Advanced Drainage Systems this week:

• Positive Sentiment: ADS declared a quarterly dividend of $0.20 per share, payable December 15, with a December 1 ex-dividend date. The annualized payout is $0.80 per share, a 0.6% yield.
• Neutral Sentiment: Royal Bank of Canada, Oppenheimer and Barclays lowered their price targets to $163, $180 and $183, respectively, but maintained “outperform” or “overweight” ratings. The revised targets still imply substantial upside from the cited $124.11 share price. Royal Bank of Canada rating information Oppenheimer rating information Barclays rating information
• Negative Sentiment: Fiscal Q2 2027 revenue of $889.4 million fell short of the roughly $921.8 million estimate. EPS was $1.88—above one consensus estimate of $1.81, but below Zacks’ $1.89 estimate—and down from $1.97 a year earlier. Reports also cited a cut to guidance, contributing to the sharp post-results decline in shares. Second-quarter results announcement Earnings coverage

Advanced Drainage Systems Trading Up 1.2%

Shares of WMS traded up $1.48 during mid-day trading on Friday, reaching $124.11. The company had a trading volume of 1,152,282 shares, compared to its average volume of 729,573. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.30. The firm has a fifty day simple moving average of $130.03 and a 200-day simple moving average of $143.09. Advanced Drainage Systems, Inc. has a fifty-two week low of $119.53 and a fifty-two week 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.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The construction company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.07. The business had revenue of $889.41 million during the quarter, compared to the consensus estimate of $921.79 million. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.97 EPS. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.57 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, December 1st. Advanced Drainage Systems's dividend payout ratio (DPR) is 13.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Advanced Drainage Systems in a research report on Thursday, October 15th. Zacks Research upgraded Advanced Drainage Systems from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. Royal Bank Of Canada reduced their target price on Advanced Drainage Systems from $170.00 to $163.00 and set an "outperform" rating on the stock in a research report on Friday. Oppenheimer reissued an "outperform" rating and issued a $180.00 price target (down from $185.00) on shares of Advanced Drainage Systems in a research note on Friday. Finally, Barclays lowered their price target on Advanced Drainage Systems from $191.00 to $183.00 and set an "overweight" rating for the company in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $184.40.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc NYSE: WMS is a manufacturer of water management products and solutions. The company produces thermoplastic corrugated pipe, fittings, drainage structures, stormwater chambers and related products used to manage the collection, conveyance, storage and treatment of water.

Its products serve a range of markets, including residential, commercial, agricultural, infrastructure and environmental applications. Advanced Drainage Systems supplies solutions for stormwater management, septic and wastewater systems, highway and road construction, land development, agriculture and erosion control.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers through a manufacturing and distribution network primarily covering the United States and Canada, with additional international operations.

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