Advanced Drainage Systems (NYSE:WMS) Given New $182.00 Price Target at Stephens

Advanced Drainage Systems (NYSE:WMSFree Report) had its price target hoisted by Stephens from $138.00 to $182.00 in a report published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

A number of other analysts have also commented on WMS. Barclays boosted their price objective on shares of Advanced Drainage Systems from $151.00 to $156.00 and gave the stock an overweight rating in a research report on Wednesday, December 13th. KeyCorp dropped their price target on shares of Advanced Drainage Systems from $160.00 to $145.00 and set an overweight rating on the stock in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Advanced Drainage Systems has a consensus rating of Moderate Buy and a consensus target price of $155.13.

Check Out Our Latest Analysis on WMS

Advanced Drainage Systems Stock Up 0.9 %

Advanced Drainage Systems stock opened at $163.46 on Friday. The stock has a market capitalization of $12.69 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.58 and a beta of 1.45. Advanced Drainage Systems has a twelve month low of $75.02 and a twelve month high of $164.40. The company has a quick ratio of 2.04, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average of $134.98 and a 200-day moving average of $124.83.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.44. The company had revenue of $662.37 million during the quarter, compared to analysts’ expectations of $632.69 million. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. On average, equities research analysts anticipate that Advanced Drainage Systems will post 5.52 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, February 29th. Advanced Drainage Systems’s payout ratio is presently 8.90%.

Hedge Funds Weigh In On Advanced Drainage Systems

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Advanced Drainage Systems by 5.1% in the second quarter. Geode Capital Management LLC now owns 916,462 shares of the construction company’s stock valued at $104,275,000 after purchasing an additional 44,265 shares during the period. New York Life Investment Management LLC increased its position in Advanced Drainage Systems by 113.9% during the third quarter. New York Life Investment Management LLC now owns 7,316 shares of the construction company’s stock worth $833,000 after acquiring an additional 3,896 shares during the period. Daiwa Securities Group Inc. bought a new stake in Advanced Drainage Systems in the 3rd quarter valued at about $1,383,000. Comerica Bank acquired a new position in shares of Advanced Drainage Systems during the 2nd quarter worth approximately $29,937,000. Finally, Retirement Systems of Alabama raised its position in shares of Advanced Drainage Systems by 7.3% in the third quarter. Retirement Systems of Alabama now owns 86,465 shares of the construction company’s stock valued at $9,842,000 after buying an additional 5,857 shares in the last quarter. 84.69% of the stock is owned by institutional investors.

Advanced Drainage Systems Company Profile

(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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