Advanced Drainage Systems, Inc. (NYSE:WMS) Receives $181.88 Average Target Price from Brokerages

Shares of Advanced Drainage Systems, Inc. (NYSE:WMSGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $181.88.

Several research analysts recently issued reports on WMS shares. Barclays upped their target price on shares of Advanced Drainage Systems from $189.00 to $202.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Stephens increased their price target on shares of Advanced Drainage Systems from $182.00 to $193.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Northcoast Research initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday, May 8th. They issued a “buy” rating and a $190.00 price target for the company. KeyCorp increased their price target on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Finally, StockNews.com upgraded shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.

Read Our Latest Report on WMS

Insider Buying and Selling at Advanced Drainage Systems

In other Advanced Drainage Systems news, insider D. Scott Barbour sold 85,938 shares of Advanced Drainage Systems stock in a transaction on Friday, May 24th. The shares were sold at an average price of $174.10, for a total value of $14,961,805.80. Following the completion of the transaction, the insider now directly owns 45,994 shares of the company’s stock, valued at approximately $8,007,555.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Advanced Drainage Systems news, insider Tim A. Makowski sold 3,800 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $170.68, for a total value of $648,584.00. Following the completion of the sale, the insider now directly owns 4,530 shares of the company’s stock, valued at approximately $773,180.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider D. Scott Barbour sold 85,938 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $174.10, for a total transaction of $14,961,805.80. Following the completion of the sale, the insider now directly owns 45,994 shares of the company’s stock, valued at $8,007,555.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,004 shares of company stock worth $30,547,285. Insiders own 2.05% of the company’s stock.

Institutional Investors Weigh In On Advanced Drainage Systems

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Advanced Drainage Systems by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock valued at $1,251,353,000 after purchasing an additional 395,099 shares in the last quarter. Boston Partners grew its position in Advanced Drainage Systems by 16.9% during the 1st quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after purchasing an additional 219,629 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Advanced Drainage Systems by 13.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,445,326 shares of the construction company’s stock valued at $164,521,000 after acquiring an additional 169,517 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Advanced Drainage Systems by 8.1% in the 3rd quarter. Invesco Ltd. now owns 1,385,780 shares of the construction company’s stock valued at $157,743,000 after acquiring an additional 104,272 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Advanced Drainage Systems during the first quarter worth $220,853,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Trading Up 0.4 %

Shares of WMS stock opened at $162.43 on Friday. The company’s fifty day simple moving average is $167.15 and its two-hundred day simple moving average is $153.09. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 1.90. Advanced Drainage Systems has a 1 year low of $102.32 and a 1 year high of $184.27. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.33 and a beta of 1.58.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The construction company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.28. The firm had revenue of $653.80 million during the quarter, compared to analyst estimates of $611.99 million. Advanced Drainage Systems had a net margin of 17.74% and a return on equity of 46.93%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. As a group, analysts anticipate that Advanced Drainage Systems will post 7.17 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.39%. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, May 31st. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.94%.

About Advanced Drainage Systems

(Get Free Report

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.

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Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

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