4,553 Shares in Advanced Drainage Systems, Inc. $WMS Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association acquired 4,553 shares of Advanced Drainage Systems, Inc. for approximately $493,000 in the first quarter
• Advanced Drainage Systems reported $1.95 EPS for the latest quarter, surpassing estimates and showing a 1.8% revenue increase year-over-year
• The company plans to pay a quarterly dividend of $0.18 per share, offering a 0.5% dividend yield to investors

United Services Automobile Association purchased a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,553 shares of the construction company's stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WMS. Gotham Asset Management LLC increased its stake in Advanced Drainage Systems by 2.0% during the 4th quarter. Gotham Asset Management LLC now owns 46,058 shares of the construction company's stock valued at $5,324,000 after purchasing an additional 886 shares in the last quarter. Millennium Management LLC increased its stake in Advanced Drainage Systems by 92.7% during the 4th quarter. Millennium Management LLC now owns 136,718 shares of the construction company's stock valued at $15,805,000 after purchasing an additional 65,760 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Advanced Drainage Systems during the 4th quarter valued at about $1,082,000. Man Group plc increased its stake in Advanced Drainage Systems by 3.9% during the 4th quarter. Man Group plc now owns 71,860 shares of the construction company's stock valued at $8,307,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in Advanced Drainage Systems by 4.4% during the 4th quarter. Quantinno Capital Management LP now owns 8,006 shares of the construction company's stock valued at $926,000 after purchasing an additional 334 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $140.93 on Thursday. The company has a 50 day moving average price of $129.02 and a 200-day moving average price of $117.59. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $166.03. The firm has a market capitalization of $10.96 billion, a PE ratio of 25.44, a P/E/G ratio of 1.84 and a beta of 1.26. 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 posted its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.17. The company had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of analyst reports. Loop Capital reduced their price objective on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays lifted their price target on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Royal Bank Of Canada began coverage on shares of Advanced Drainage Systems in a research note on Monday, August 11th. They issued an "outperform" rating and a $159.00 price target for the company. Finally, UBS Group reiterated a "buy" rating and issued a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and a consensus target price of $152.56.

About Advanced Drainage Systems

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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