Key Points
- EVP Thomas Sr. Waun sold 1,000 shares of Advanced Drainage Systems (NYSE:WMS) on Nov. 12 at an average price of $150, cutting his holding by 6.26% to 14,970 shares (~$2.245M); the sale was reported in an SEC filing.
- Company results and outlook stay strong: ADS beat Q3 estimates with $1.97 EPS and $850.4M revenue (up 8.7% YoY), announced a $0.18 quarterly dividend (0.5% yield), and multiple analysts have raised price targets, leaving a consensus "Moderate Buy" target of $156.56.
Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) EVP Thomas Sr. Waun sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. Following the completion of the transaction, the executive vice president owned 14,970 shares in the company, valued at approximately $2,245,500. The trade was a 6.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Advanced Drainage Systems Stock Down 1.3%
Shares of NYSE WMS traded down $1.94 during mid-day trading on Friday, reaching $146.46. 75,700 shares of the company's stock traded hands, compared to its average volume of 721,179. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The business has a 50-day simple moving average of $141.79 and a 200 day simple moving average of $128.35. The stock has a market cap of $11.39 billion, a P/E ratio of 26.42, a PEG ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $153.25.
Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.27. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business had revenue of $850.38 million during the quarter, compared to the consensus estimate of $802.49 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. Advanced Drainage Systems's revenue was up 8.7% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.
Advanced Drainage Systems Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Advanced Drainage Systems's payout ratio is presently 12.29%.
Wall Street Analysts Forecast Growth
WMS has been the topic of a number of recent research reports. KeyCorp upped their price target on Advanced Drainage Systems from $159.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, November 7th. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a report on Friday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Barclays boosted their price target on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the company an "overweight" rating in a research report on Friday, November 7th. Finally, Royal Bank Of Canada raised their price objective on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an "outperform" rating in a report on Friday, November 7th. Eight research 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, the company has an average rating of "Moderate Buy" and a consensus price target of $156.56.
View Our Latest Analysis on Advanced Drainage Systems
Institutional Investors Weigh In On Advanced Drainage Systems
A number of large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in 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 worth $26,000 after buying an additional 176 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Advanced Drainage Systems in the 3rd quarter valued at $33,000. Cullen Frost Bankers Inc. boosted its stake in shares of Advanced Drainage Systems by 1,242.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company's stock valued at $35,000 after purchasing an additional 236 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Advanced Drainage Systems by 177.4% during the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company's stock valued at $49,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.
About Advanced Drainage Systems
(
Get Free Report)
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.
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