Analysts Set Advanced Drainage Systems, Inc. (NYSE:WMS) Target Price at $186.00

Advanced Drainage Systems, Inc. (NYSE:WMS) has been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $186.00.

WMS has been the subject of several research analyst reports. Oppenheimer raised their price objective on Advanced Drainage Systems from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. Robert W. Baird set a $205.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 6th. Royal Bank Of Canada lifted their price objective on shares of Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, KeyCorp upped their price objective on shares of Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a report on Friday, February 6th.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $132.05 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08. The company’s fifty day moving average price is $158.26 and its 200-day moving average price is $149.59. Advanced Drainage Systems has a 1-year low of $93.92 and a 1-year high of $179.32. The firm has a market capitalization of $10.29 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The company had revenue of $693.35 million during the quarter, compared to analyst estimates of $686.37 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. On average, equities research analysts predict that Advanced Drainage Systems will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 11.98%.

Hedge Funds Weigh In On Advanced Drainage Systems

Several institutional investors and hedge funds have recently modified their holdings of WMS. Mather Group LLC. acquired a new stake in Advanced Drainage Systems during the third quarter worth about $28,000. Northwestern Mutual Wealth Management Co. raised its position in Advanced Drainage Systems by 352.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after acquiring an additional 176 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Advanced Drainage Systems in the third quarter valued at approximately $33,000. Cullen Frost Bankers Inc. lifted its holdings in Advanced Drainage Systems by 1,242.1% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock valued at $35,000 after acquiring an additional 236 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Advanced Drainage Systems in the 3rd quarter worth approximately $36,000. 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 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.