Advanced Drainage Systems (NYSE:WMS) EVP Thomas Sr. Waun Sells 1,272 Shares

Advanced Drainage Systems, Inc. (NYSE:WMS) EVP Thomas Sr. Waun sold 1,272 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $148.30, for a total transaction of $188,637.60. Following the completion of the sale, the executive vice president directly owned 797 shares in the company, valued at $118,195.10. This represents a 61.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Advanced Drainage Systems Stock Down 1.3%

WMS traded down $1.94 during midday trading on Friday, reaching $146.46. The company’s stock had a trading volume of 75,700 shares, compared to its average volume of 721,179. The stock’s 50-day moving average is $141.79 and its 200-day moving average is $128.35. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $153.25. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.88 and a beta of 1.33. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.27. The company had revenue of $850.38 million during the quarter, compared to analyst estimates of $802.49 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $1.70 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 (DPR) is 12.29%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. KeyCorp boosted their target price on shares of Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Oppenheimer restated an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. UBS Group reaffirmed a “buy” rating and issued a $167.00 price objective (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.56.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Advanced Drainage Systems by 352.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after acquiring an additional 176 shares during the period. Mather Group LLC. purchased a new position in Advanced Drainage Systems in the 3rd quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Advanced Drainage Systems in the 3rd quarter worth approximately $33,000. Cullen Frost Bankers Inc. grew its holdings in Advanced Drainage Systems by 1,242.1% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock valued at $35,000 after buying an additional 236 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Advanced Drainage Systems by 177.4% during the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.