Brokerages Set Advanced Drainage Systems, Inc. (NYSE:WMS) Target Price at $156.56

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $156.5556.

A number of research analysts recently weighed in on WMS shares. UBS Group reaffirmed a “buy” rating and set a $167.00 price objective (up previously from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Barclays increased their target price on Advanced Drainage Systems from $160.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price target on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, 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.

Insider Buying and Selling at Advanced Drainage Systems

In other news, insider Tim A. Makowski sold 4,901 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total transaction of $731,278.21. Following the completion of the sale, the insider owned 2,467 shares of the company’s stock, valued at $368,101.07. The trade was a 66.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider D. Scott Barbour sold 80,030 shares of Advanced Drainage Systems stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $148.95, for a total value of $11,920,468.50. Following the transaction, the insider owned 42,867 shares in the company, valued at $6,385,039.65. This trade represents a 65.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 87,203 shares of company stock valued at $12,990,384. Insiders own 1.63% of the company’s stock.

Hedge Funds Weigh In On Advanced Drainage Systems

Large investors have recently made changes to their positions in the business. Outlook Wealth Advisors LLC boosted its position in shares of Advanced Drainage Systems by 3.0% during the third quarter. Outlook Wealth Advisors LLC now owns 2,836 shares of the construction company’s stock worth $393,000 after acquiring an additional 82 shares during the last quarter. RWC Asset Management LLP grew its holdings in shares of Advanced Drainage Systems by 2.7% in the third quarter. RWC Asset Management LLP now owns 3,234 shares of the construction company’s stock valued at $449,000 after purchasing an additional 85 shares in the last quarter. CWM LLC raised its stake in Advanced Drainage Systems by 16.2% during the third quarter. CWM LLC now owns 702 shares of the construction company’s stock valued at $97,000 after purchasing an additional 98 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Advanced Drainage Systems by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the construction company’s stock worth $2,286,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Advanced Drainage Systems by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 17,000 shares of the construction company’s stock valued at $1,953,000 after acquiring an additional 100 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Price Performance

WMS stock opened at $143.48 on Friday. The firm has a 50-day moving average of $141.67 and a 200 day moving average of $129.25. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The company has a market cap of $11.16 billion, a P/E ratio of 25.90, a PEG ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems has a 1 year low of $93.92 and a 1 year high of $153.25.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, November 6th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.27. The firm had revenue of $850.38 million for the quarter, compared to analysts’ expectations of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.70 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that Advanced Drainage Systems will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is presently 12.29%.

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.