1,841 Shares in Advanced Drainage Systems, Inc. $WMS Purchased by Truist Financial Corp

Key Points

• Truist Financial Corp has acquired 1,841 shares of Advanced Drainage Systems, Inc., valued at approximately $211,000, marking a new investment in the construction company.
• Analyst ratings for Advanced Drainage Systems have been optimistic, with multiple firms upgrading their price targets, resulting in a consensus rating of "Moderate Buy" and a price target around $152.56.
• The company recently declared a quarterly dividend of $0.18 per share, reflecting an annual yield of 0.5%, with a dividend payout ratio of 13.00%.

Truist Financial Corp purchased a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,841 shares of the construction company's stock, valued at approximately $211,000.

Other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its holdings in Advanced Drainage Systems by 97.6% in the 1st quarter. Teacher Retirement System of Texas now owns 10,769 shares of the construction company's stock worth $1,170,000 after purchasing an additional 5,319 shares during the period. Bessemer Group Inc. raised its holdings in Advanced Drainage Systems by 76.2% in the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after purchasing an additional 115 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Advanced Drainage Systems by 15.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,914 shares of the construction company's stock worth $2,061,000 after buying an additional 2,559 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in Advanced Drainage Systems during the 2nd quarter worth approximately $203,000. Finally, GAMMA Investing LLC increased its stake in Advanced Drainage Systems by 167.1% during the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company's stock worth $88,000 after buying an additional 508 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. KeyCorp boosted their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They set an "outperform" rating and a $159.00 price objective for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Barclays boosted their price objective on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.56.

Advanced Drainage Systems Trading Up 0.3%

Shares of Advanced Drainage Systems stock opened at $140.92 on Friday. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.89 and a beta of 1.32. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. The stock has a 50 day moving average of $141.58 and a 200 day moving average of $123.26.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.17. The company had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems's dividend payout ratio is 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.

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