Silver Oak Securities Incorporated Purchases New Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Silver Oak Securities Incorporated acquired a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,136 shares of the construction company’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank boosted its position in shares of Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after acquiring an additional 213 shares during the period. Millburn Ridgefield Corp lifted its stake in Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after purchasing an additional 424 shares in the last quarter. CWM LLC boosted its holdings in Advanced Drainage Systems by 18.1% in the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after purchasing an additional 85 shares during the period. UMB Bank n.a. grew its position in shares of Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after purchasing an additional 88 shares in the last quarter. Finally, Spire Wealth Management bought a new position in shares of Advanced Drainage Systems in the fourth quarter worth $94,000. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 2.3 %

WMS stock opened at $120.41 on Monday. Advanced Drainage Systems, Inc. has a one year low of $110.75 and a one year high of $184.27. The company has a market capitalization of $9.33 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. The company’s 50 day moving average price is $121.34 and its two-hundred day moving average price is $139.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.15 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. As a group, analysts predict that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is presently 10.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Loop Capital dropped their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday. Robert W. Baird dropped their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Oppenheimer decreased their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. KeyCorp dropped their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, Barclays lowered their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.25.

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.