Advanced Drainage Systems (NYSE:WMS) Stock Price Target Lowered at Barclays

Advanced Drainage Systems (NYSE:WMS) had its price objective trimmed by Barclays from $191.00 to $183.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

WMS has been the subject of a number of other reports. Robert W. Baird set a $206.00 target price on shares of Advanced Drainage Systems in a research note on Friday, August 7th. Royal Bank Of Canada dropped their price target on Advanced Drainage Systems from $178.00 to $170.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Thursday, October 15th. DA Davidson cut their price objective on Advanced Drainage Systems from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday. Finally, Stephens reiterated an “overweight” rating and set a $175.00 price objective on shares of Advanced Drainage Systems in a research report on Monday, September 21st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.40.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS traded up $1.48 during trading on Friday, reaching $124.11. 1,152,282 shares of the company traded hands, compared to its average volume of 729,573. The firm has a 50 day simple moving average of $130.03 and a 200-day simple moving average of $143.09. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $9.36 billion, a PE ratio of 23.60, a P/E/G ratio of 1.60 and a beta of 1.30. Advanced Drainage Systems has a 52-week low of $119.53 and a 52-week high of $179.32.

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

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, December 1st. Advanced Drainage Systems’s payout ratio is 13.82%.

Institutional Trading of Advanced Drainage Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its holdings in Advanced Drainage Systems by 10.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 222,741 shares of the construction company’s stock worth $28,224,000 after purchasing an additional 21,025 shares during the period. Fifth Third Bancorp grew its holdings in Advanced Drainage Systems by 1.3% during the third quarter. Fifth Third Bancorp now owns 72,044 shares of the construction company’s stock valued at $9,129,000 after purchasing an additional 950 shares during the period. Maryland State Retirement & Pension System grew its holdings in Advanced Drainage Systems by 26.9% during the third quarter. Maryland State Retirement & Pension System now owns 4,605 shares of the construction company’s stock valued at $584,000 after purchasing an additional 977 shares during the period. New York Life Investment Management LLC grew its holdings in Advanced Drainage Systems by 12.8% during the third quarter. New York Life Investment Management LLC now owns 9,612 shares of the construction company’s stock valued at $1,218,000 after purchasing an additional 1,088 shares during the period. Finally, Gen Wealth Partners Inc purchased a new stake in Advanced Drainage Systems in the third quarter worth about $29,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Advanced Drainage Systems

Here are the key news stories impacting Advanced Drainage Systems this week:

• Positive Sentiment: ADS declared a quarterly dividend of $0.20 per share, payable December 15, with a December 1 ex-dividend date. The annualized payout is $0.80 per share, a 0.6% yield.
• Neutral Sentiment: Royal Bank of Canada, Oppenheimer and Barclays lowered their price targets to $163, $180 and $183, respectively, but maintained “outperform” or “overweight” ratings. The revised targets still imply substantial upside from the cited $124.11 share price. Royal Bank of Canada rating information Oppenheimer rating information Barclays rating information
• Negative Sentiment: Fiscal Q2 2027 revenue of $889.4 million fell short of the roughly $921.8 million estimate. EPS was $1.88—above one consensus estimate of $1.81, but below Zacks’ $1.89 estimate—and down from $1.97 a year earlier. Reports also cited a cut to guidance, contributing to the sharp post-results decline in shares. Second-quarter results announcement Earnings coverage

About Advanced Drainage Systems

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.