Loop Capital Cuts Advanced Drainage Systems (NYSE:WMS) Price Target to $160.00

Advanced Drainage Systems (NYSE:WMS) had its target price cut by Loop Capital from $170.00 to $160.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other analysts also recently issued reports on WMS. Stephens restated an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Wednesday, January 8th. KeyCorp dropped their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Barclays reduced their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Oppenheimer dropped their target price 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 seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Stock Up 2.3 %

Shares of NYSE:WMS opened at $120.41 on Friday. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems has a 12 month low of $110.75 and a 12 month high of $184.27. The company has a current ratio of 3.21, a quick ratio of 2.15 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $121.34 and a 200 day moving average price of $139.97.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. As a group, equities research analysts predict that Advanced Drainage Systems will post 6.12 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

Institutional Trading of Advanced Drainage Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning increased its holdings in Advanced Drainage Systems by 9.3% during the 2nd quarter. Creative Planning now owns 4,701 shares of the construction company’s stock worth $754,000 after purchasing an additional 401 shares during the period. Truist Financial Corp grew its position in shares of Advanced Drainage Systems by 14.5% during the 2nd quarter. Truist Financial Corp now owns 2,095 shares of the construction company’s stock worth $336,000 after buying an additional 266 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Advanced Drainage Systems by 4.8% during the second quarter. Cetera Investment Advisers now owns 15,945 shares of the construction company’s stock valued at $2,558,000 after buying an additional 729 shares during the period. CWM LLC increased its stake in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after buying an additional 85 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Advanced Drainage Systems by 20.5% in the third quarter. UMB Bank n.a. now owns 693 shares of the construction company’s stock valued at $109,000 after acquiring an additional 118 shares in the last quarter. 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.