Advanced Drainage Systems (NYSE:WMS) Stock Keeps “Outperform” Rating at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Advanced Drainage Systems (NYSE:WMS) in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a $180.00 target price on the construction company’s stock, down from their previous target price of $185.00.

Several other research firms also recently weighed in on WMS. Stephens reiterated an “overweight” rating and set a $175.00 target price on shares of Advanced Drainage Systems in a research report on Monday, September 21st. UBS Group upped their price target on shares of Advanced Drainage Systems from $205.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, August 7th. National Bank Financial set a $190.00 price target on shares of Advanced Drainage Systems in a report on Monday, August 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Thursday, October 15th. Finally, DA Davidson decreased their price objective on shares of Advanced Drainage Systems from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.40.

Advanced Drainage Systems Trading Up 1.2%

Shares of NYSE WMS traded up $1.48 during midday trading on Friday, hitting $124.11. The company’s stock had a trading volume of 1,152,282 shares, compared to its average volume of 729,573. Advanced Drainage Systems has a 12-month low of $119.53 and a 12-month high of $179.32. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The firm has a market cap of $9.36 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.30. The business’s 50 day moving average is $130.03 and its two-hundred day moving average is $143.09.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, November 5th. The construction company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.07. The company had revenue of $889.41 million during the quarter, compared to analysts’ expectations of $921.79 million. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%. Advanced Drainage Systems’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 EPS. As a group, equities research analysts expect that Advanced Drainage Systems will post 6.57 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.80 annualized dividend and a yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is 13.82%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in shares of Advanced Drainage Systems in the 2nd quarter worth $26,000. Gen Wealth Partners Inc bought a new position in shares of Advanced Drainage Systems during the 3rd quarter worth $29,000. Avalon Trust Co purchased a new position in shares of Advanced Drainage Systems during the second quarter valued at $42,000. Vega Investment Solutions purchased a new position in shares of Advanced Drainage Systems during the second quarter valued at $50,000. Finally, Heritage Family Offices LLP purchased a new position in shares of Advanced Drainage Systems during the third quarter valued at $53,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

More Advanced Drainage Systems News

Here are the key news stories impacting Advanced Drainage Systems this week:

• Positive Sentiment: ADS declared a quarterly dividend of $0.20 per share, payable December 15, with a December 1 ex-dividend date. The annualized payout is $0.80 per share, a 0.6% yield.
• Neutral Sentiment: Royal Bank of Canada, Oppenheimer and Barclays lowered their price targets to $163, $180 and $183, respectively, but maintained “outperform” or “overweight” ratings. The revised targets still imply substantial upside from the cited $124.11 share price. Royal Bank of Canada rating information Oppenheimer rating information Barclays rating information
• Negative Sentiment: Fiscal Q2 2027 revenue of $889.4 million fell short of the roughly $921.8 million estimate. EPS was $1.88—above one consensus estimate of $1.81, but below Zacks’ $1.89 estimate—and down from $1.97 a year earlier. Reports also cited a cut to guidance, contributing to the sharp post-results decline in shares. Second-quarter results announcement Earnings coverage

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a manufacturer of water management products and solutions. The company produces thermoplastic corrugated pipe, fittings, drainage structures, stormwater chambers and related products used to manage the collection, conveyance, storage and treatment of water.

Its products serve a range of markets, including residential, commercial, agricultural, infrastructure and environmental applications. Advanced Drainage Systems supplies solutions for stormwater management, septic and wastewater systems, highway and road construction, land development, agriculture and erosion control.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers through a manufacturing and distribution network primarily covering the United States and Canada, with additional international operations.