Advanced Drainage Systems, Inc. (WMS) To Go Ex-Dividend on December 1st

Advanced Drainage Systems, Inc. (NYSE:WMS) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.20 per share by the construction company on Tuesday, December 15th. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, December 1st.

Advanced Drainage Systems has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 1 years. Advanced Drainage Systems has a dividend payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Drainage Systems to earn $7.42 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.8%.

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $123.30 on Friday. The company’s fifty day moving average is $130.34 and its two-hundred day moving average is $143.25. Advanced Drainage Systems has a 52-week low of $120.14 and a 52-week high of $179.32. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.12 and a quick ratio of 1.18. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.65 and a beta of 1.30.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, November 5th. The construction company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.07. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The business had revenue of $889.41 million during the quarter, compared to analyst estimates of $921.79 million. During the same quarter in the prior year, the business earned $1.97 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts forecast that Advanced Drainage Systems will post 6.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Advanced Drainage Systems in the second quarter valued at approximately $1,172,482,000. Amundi increased its holdings in shares of Advanced Drainage Systems by 5.1% in the second quarter. Amundi now owns 1,354,610 shares of the construction company’s stock valued at $212,681,000 after purchasing an additional 65,938 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Advanced Drainage Systems by 33.4% in the third quarter. Pictet Asset Management Holding SA now owns 1,505,017 shares of the construction company’s stock valued at $190,712,000 after purchasing an additional 377,043 shares in the last quarter. KBC Group NV raised its position in Advanced Drainage Systems by 1.7% in the 1st quarter. KBC Group NV now owns 916,981 shares of the construction company’s stock worth $125,746,000 after purchasing an additional 14,915 shares during the last quarter. Finally, Bamco Inc. NY bought a new position in Advanced Drainage Systems in the 2nd quarter worth approximately $106,800,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a manufacturer of water management products and solutions. The company produces thermoplastic corrugated pipe, fittings, drainage structures, stormwater chambers and related products used to manage the collection, conveyance, storage and treatment of water.

Its products serve a range of markets, including residential, commercial, agricultural, infrastructure and environmental applications. Advanced Drainage Systems supplies solutions for stormwater management, septic and wastewater systems, highway and road construction, land development, agriculture and erosion control.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers through a manufacturing and distribution network primarily covering the United States and Canada, with additional international operations.