Thomas Sr. Waun Sells 1,000 Shares of Advanced Drainage Systems (NYSE:WMS) Stock

Advanced Drainage Systems, Inc. (NYSE:WMS) EVP Thomas Sr. Waun sold 1,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. Following the completion of the sale, the executive vice president directly owned 14,970 shares in the company, valued at $2,245,500. This represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $143.88 on Friday. The firm has a fifty day moving average of $141.70 and a 200-day moving average of $128.56. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $153.25.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. The business 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 revenue for the quarter was up 8.7% compared to the same quarter last year. 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, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

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 issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Advanced Drainage Systems’s payout ratio is 12.29%.

Wall Street Analysts Forecast Growth

WMS has been the subject of several analyst reports. UBS Group reiterated a “buy” rating and set a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Royal Bank Of Canada boosted their price target on Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. KeyCorp raised their price target on Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Barclays lifted their price objective on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average target price of $156.56.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of Advanced Drainage Systems by 11.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 70,705 shares of the construction company’s stock valued at $7,682,000 after purchasing an additional 7,165 shares in the last quarter. Xponance Inc. lifted its stake in Advanced Drainage Systems by 2.8% during the first quarter. Xponance Inc. now owns 10,669 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 290 shares during the last quarter. Ballentine Partners LLC bought a new stake in Advanced Drainage Systems during the first quarter worth approximately $276,000. Signaturefd LLC grew its position in Advanced Drainage Systems by 110.7% in the first quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock worth $73,000 after buying an additional 352 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in Advanced Drainage Systems in the first quarter worth approximately $745,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Company Profile

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.