Lodge Hill Capital LLC Has $17.92 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Lodge Hill Capital LLC lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 55.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,700 shares of the construction company’s stock after purchasing an additional 40,000 shares during the period. Advanced Drainage Systems makes up about 4.8% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 8th biggest position. Lodge Hill Capital LLC owned approximately 0.14% of Advanced Drainage Systems worth $17,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WMS. Thrivent Financial for Lutherans increased its holdings in shares of Advanced Drainage Systems by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,382,735 shares of the construction company’s stock worth $221,777,000 after acquiring an additional 7,690 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Advanced Drainage Systems by 214.1% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 46,553 shares of the construction company’s stock valued at $7,467,000 after purchasing an additional 31,734 shares during the period. AE Wealth Management LLC increased its stake in Advanced Drainage Systems by 20.6% during the 2nd quarter. AE Wealth Management LLC now owns 2,303 shares of the construction company’s stock worth $369,000 after purchasing an additional 393 shares in the last quarter. Bridges Investment Management Inc. acquired a new stake in Advanced Drainage Systems during the 2nd quarter worth approximately $426,000. Finally, XTX Topco Ltd boosted its holdings in shares of Advanced Drainage Systems by 682.7% in the second quarter. XTX Topco Ltd now owns 9,189 shares of the construction company’s stock valued at $1,474,000 after buying an additional 8,015 shares during the period. 89.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WMS shares. Robert W. Baird cut their price objective on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Barclays reduced their price objective on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Oppenheimer reissued an “outperform” rating and issued a $192.00 target price on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Loop Capital lowered their price target on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.14.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $152.37 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04. The company’s fifty day simple moving average is $156.10 and its 200 day simple moving average is $162.60. Advanced Drainage Systems, Inc. has a 1-year low of $102.32 and a 1-year high of $184.27. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.26 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.08. The company had revenue of $815.34 million during the quarter, compared to the consensus estimate of $828.00 million. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.94%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.