Advanced Drainage Systems (NYSE:WMS) Sets New 12-Month Low – Here’s Why

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $116.59 and last traded at $116.71, with a volume of 601876 shares. The stock had previously closed at $121.80.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WMS. Robert W. Baird lowered their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Loop Capital decreased their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Barclays dropped their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. KeyCorp decreased their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Oppenheimer lowered their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.29.

Advanced Drainage Systems Trading Down 4.2 %

The business has a 50 day moving average of $140.15 and a 200 day moving average of $151.99. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.22 and a beta of 1.48. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.23). The company had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. Advanced Drainage Systems’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 earnings per share. As a group, research analysts predict that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.55%. Advanced Drainage Systems’s dividend payout ratio is 10.19%.

Institutional Trading of Advanced Drainage Systems

A number of large investors have recently made changes to their positions in WMS. West Oak Capital LLC grew its stake in Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. increased its stake in Advanced Drainage Systems by 1,472.7% during the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after purchasing an additional 162 shares in the last quarter. National Bank of Canada FI acquired a new stake in Advanced Drainage Systems during the 2nd quarter worth approximately $45,000. Huntington National Bank lifted its stake in Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after buying an additional 213 shares in the last quarter. Finally, Millburn Ridgefield Corp boosted its holdings in shares of Advanced Drainage Systems by 642.4% in the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock valued at $77,000 after buying an additional 424 shares during the period. Institutional investors own 89.83% of the company’s stock.

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.