State of Alaska Department of Revenue Boosts Holdings in Advanced Drainage Systems, Inc. $WMS

Key Points

• The State of Alaska Department of Revenue increased its investment in Advanced Drainage Systems, Inc. by 92.6%, owning 15,920 shares valued at $1,827,000 by the end of the last quarter.
• Advanced Drainage Systems reported $1.95 earnings per share for the last quarter, outperforming analyst estimates of $1.78 and showing a 1.8% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.18, resulting in an annual yield of 0.5% and a payout ratio of 13%.

State of Alaska Department of Revenue grew its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 92.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,920 shares of the construction company's stock after buying an additional 7,655 shares during the period. State of Alaska Department of Revenue's holdings in Advanced Drainage Systems were worth $1,827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMS. NBC Securities Inc. purchased a new position in shares of Advanced Drainage Systems in the first quarter worth $26,000. Bessemer Group Inc. raised its holdings in shares of Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after buying an additional 115 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Advanced Drainage Systems by 177.4% in the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company's stock worth $49,000 after buying an additional 275 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Advanced Drainage Systems in the first quarter worth $66,000. Finally, Signaturefd LLC raised its holdings in shares of Advanced Drainage Systems by 110.7% in the first quarter. Signaturefd LLC now owns 670 shares of the construction company's stock worth $73,000 after buying an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Up 1.3%

WMS stock opened at $142.52 on Friday. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year 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 firm's fifty day moving average is $137.11 and its 200 day moving average is $120.94. The firm has a market cap of $11.08 billion, a PE ratio of 25.72, a P/E/G ratio of 1.89 and a beta of 1.32.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.17. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company had revenue of $829.88 million during the quarter, compared to analysts' expectations of $800.54 million. During the same quarter in the previous year, the company earned $2.06 earnings per share. The firm'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. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on WMS. Wall Street Zen raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Oppenheimer reissued an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Royal Bank Of Canada began coverage on shares of Advanced Drainage Systems in a report on Monday, August 11th. They set an "outperform" rating and a $159.00 target price for the company. UBS Group reissued 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. Finally, Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a report on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems 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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