Advanced Drainage Systems - WMS Stock Forecast, Price & News

Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, 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, mechanical aeration wastewater solutions, septic tanks and accessories, and combined treatment and dispersal systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. The company also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products. It offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of approximately 38 distribution centers. The company was incorporated in 1966 and is headquartered in Hilliard, Ohio.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Loop Capital lowered their price target on Advanced Drainage Systems from $158.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, July 8th. Robert W. Baird lifted their price target on Advanced Drainage Systems from $119.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley lowered their price target on Advanced Drainage Systems from $142.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, June 28th. Barclays lifted their price target on Advanced Drainage Systems from $135.00 to $164.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, TheStreet lowered Advanced Drainage Systems from a "b" rating to a "c+" rating in a research report on Thursday, May 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Advanced Drainage Systems has an average rating of "Moderate Buy" and an average target price of $144.50.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $142.55 on Tuesday. Advanced Drainage Systems has a fifty-two week low of $80.81 and a fifty-two week high of $144.08. The business has a 50-day simple moving average of $101.60 and a two-hundred day simple moving average of $108.47. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.97 and a current ratio of 2.23. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 31.68 and a beta of 1.51.

Advanced Drainage Systems (NYSE:WMS - Get Rating) last issued its earnings results on Thursday, August 4th. The construction company reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $1.22. Advanced Drainage Systems had a return on equity of 50.97% and a net margin of 12.65%. The business had revenue of $914.20 million during the quarter, compared to analyst estimates of $849.39 million. During the same quarter in the previous year, the firm earned $0.87 EPS. Advanced Drainage Systems's revenue was up 36.6% on a year-over-year basis. On average, analysts expect that Advanced Drainage Systems will post 3.88 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Wednesday, August 31st. Advanced Drainage Systems's dividend payout ratio (DPR) is 10.67%.

Insider Activity

In other news, CAO Kevin C. Talley sold 26,500 shares of the company's stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $90.54, for a total transaction of $2,399,310.00. Following the completion of the sale, the chief accounting officer now owns 62,025 shares of the company's stock, valued at approximately $5,615,743.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Darin S. Harvey sold 20,000 shares of the company's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $112.55, for a total transaction of $2,251,000.00. Following the completion of the sale, the executive vice president now owns 4,600 shares of the company's stock, valued at approximately $517,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kevin C. Talley sold 26,500 shares of the company's stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $90.54, for a total transaction of $2,399,310.00. Following the sale, the chief accounting officer now directly owns 62,025 shares of the company's stock, valued at approximately $5,615,743.50. The disclosure for this sale can be found here. Insiders sold 355,426 shares of company stock valued at $38,979,477 in the last quarter. 9.33% of the stock is currently owned by insiders.