Advanced Drainage Systems (NYSE:WMS) Price Target Raised to $176.00

Advanced Drainage Systems (NYSE:WMS) had its target price increased by Barclays from $160.00 to $176.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

WMS has been the topic of several other reports. KeyCorp boosted their target price on Advanced Drainage Systems from $159.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. Oppenheimer restated an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Royal Bank Of Canada began coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They issued an “outperform” rating and a $159.00 price objective on the stock. Finally, UBS Group reissued a “buy” rating and issued a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.56.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $147.58 on Friday. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average of $141.33 and a 200 day moving average of $127.54. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems has a 52 week low of $93.92 and a 52 week high of $153.25.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.27. The company had revenue of $850.38 million for 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 was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, research analysts expect that Advanced Drainage Systems will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.72 annualized dividend and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is currently 12.29%.

Institutional Investors Weigh In On Advanced Drainage Systems

Large investors have recently made changes to their positions in the company. Raiffeisen Bank International AG raised its holdings in shares of Advanced Drainage Systems by 38.5% during the 3rd quarter. Raiffeisen Bank International AG now owns 9,000 shares of the construction company’s stock worth $1,242,000 after acquiring an additional 2,500 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Advanced Drainage Systems by 83.3% in the 3rd quarter. Y.D. More Investments Ltd now owns 1,100 shares of the construction company’s stock valued at $153,000 after purchasing an additional 500 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $45,591,000. Advisors Capital Management LLC bought a new position in shares of Advanced Drainage Systems during the 3rd quarter valued at approximately $4,439,000. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Advanced Drainage Systems by 2.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 9,868 shares of the construction company’s stock valued at $1,369,000 after buying an additional 214 shares during the period. 89.83% of the stock is owned by institutional investors.

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.