Advanced Drainage Systems Stock Price, News & Analysis (NYSE:WMS)

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Advanced Drainage Systems in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WMS shares.
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8 Wall Street research analysts have issued twelve-month price objectives for Advanced Drainage Systems' stock. Their WMS share price targets range from $120.00 to $162.00. On average, they expect the company's stock price to reach $145.13 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price.
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Advanced Drainage Systems' stock was trading at $81.97 at the beginning of 2023. Since then, WMS stock has increased by 45.9% and is now trading at $119.60.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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Advanced Drainage Systems, Inc. (NYSE:WMS) issued its quarterly earnings data on Thursday, November, 2nd. The construction company reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.18. The construction company had revenue of $780.22 million for the quarter, compared to analysts' expectations of $776.36 million. Advanced Drainage Systems had a net margin of 16.86% and a trailing twelve-month return on equity of 48.92%.

Advanced Drainage Systems declared a quarterly dividend on Thursday, November 2nd. Investors of record on Friday, December 1st will be paid a dividend of $0.14 per share on Friday, December 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for WMS.

Advanced Drainage Systems (NYSE:WMS) pays an annual dividend of $0.56 per share and currently has a dividend yield of 0.47%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WMS will have a dividend payout ratio of 8.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WMS.

ETFs with the largest weight of Advanced Drainage Systems (NYSE:WMS) stock in their portfolio include Global X Clean Water ETF (AQWA), First Trust Water ETF (FIW), Invesco Water Resources ETF (PHO), Invesco S&P Global Water Index ETF (CGW), Adaptive Core ETF (RULE), iShares Environmental Infrastructure and Industrials ETF (EFRA), Ecofin Global Water ESG Fund (EBLU) and Invesco Global Water ETF (PIO).

39 employees have rated Advanced Drainage Systems Chief Executive Officer Joe Chlapaty on Glassdoor.com. Joe Chlapaty has an approval rating of 54% among the company's employees. This puts Joe Chlapaty in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 53.0% of employees surveyed would recommend working at Advanced Drainage Systems to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Advanced Drainage Systems investors own include Pfizer (PFE), Advanced Micro Devices (AMD), Etsy (ETSY), Intel (INTC), NVIDIA (NVDA), Activision Blizzard (ATVI), Marvell Technology (MRVL), Phillips 66 (PSX), QUALCOMM (QCOM) and RTX (RTX).

Advanced Drainage Systems' stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (4.52%), Impax Asset Management Group plc (3.83%), Morgan Stanley (2.02%), William Blair Investment Management LLC (1.86%), Invesco Ltd. (1.78%) and Canada Pension Plan Investment Board (1.66%). Insiders that own company stock include Alexander R Fischer, Anil Seetharam, Berkshire Partners Holdings Ll, Brian W King, Darin S Harvey, De La Mesa Manuel J Perez, Kevin C Talley, Mark Haney, Michael B Coleman, Michael G Huebert, Robert M Eversole, Robert M Klein, Ross M Jones and Tim A Makowski.
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Shares of WMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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