Brokerages Set Advanced Drainage Systems, Inc. (NYSE:WMS) Target Price at $187.00

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $187.00.

Several analysts have weighed in on the company. Robert W. Baird set a $205.00 price objective on Advanced Drainage Systems in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Monday, April 20th. KeyCorp lowered their price target on Advanced Drainage Systems from $198.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Oppenheimer lowered their price target on Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Finally, Stephens raised Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $190.00 to $175.00 in a research note on Wednesday, May 27th.

Hedge Funds Weigh In On Advanced Drainage Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Advanced Drainage Systems by 352.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after purchasing an additional 176 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Advanced Drainage Systems by 78.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock valued at $33,000 after purchasing an additional 107 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advanced Drainage Systems in the 3rd quarter valued at approximately $36,000. Kestra Advisory Services LLC acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at approximately $37,000. Finally, Clearstead Advisors LLC grew its position in shares of Advanced Drainage Systems by 150.8% in the 4th quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock valued at $44,000 after purchasing an additional 181 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 1.0%

Shares of NYSE:WMS opened at $129.93 on Wednesday. Advanced Drainage Systems has a 52 week low of $109.63 and a 52 week high of $179.32. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42. The company’s fifty day moving average is $141.90 and its 200-day moving average is $149.46. The company has a market capitalization of $9.96 billion, a PE ratio of 23.88, a P/E/G ratio of 1.41 and a beta of 1.29.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.12. The business had revenue of $676.76 million for the quarter, compared to the consensus estimate of $651.92 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Equities research analysts predict that Advanced Drainage Systems will post 6.55 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.20 dividend. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 14.71%.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.