In yesterday’s Wall Street session, Advanced Drainage Systems Inc. (NYSE:WMS) shares traded at $90.21, down -4.48% from the previous session.
As we calculate the median target price by taking the range between a high of $147.00 and a low of $94.00, we find $115.50. Given the previous closing price of $94.44, this indicates a potential upside of 22.3 percent. WMS stock price is now 1.22% away from the 50-day moving average and -14.92% away from the 200-day moving average. The market capitalization of the company currently stands at $7.23B.
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Brokers who have rated the stock have averaged $117.00 as their price target over the next twelve months.
With the price target of $182, Deutsche Bank recently initiated with Buy rating for Advanced Drainage Systems Inc. (NYSE: WMS). On March 01, 2022, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $145, while the Morgan Stanley previously rated the stock as ‘Equal-Weight’ on February 11, 2021.
In other news, TALLEY KEVIN C, EVP and CAO sold 22,006 shares of the company’s stock on Mar 03. The stock was sold for $1,973,291 at an average price of $89.67. Upon completion of the transaction, the EVP and CAO now directly owns 40,019 shares in the company, valued at $3.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02, EVP, Supply Chain & Logistics HARVEY DARIN S. sold 614 shares of the business’s stock. A total of $58,690 was realized by selling the stock at an average price of $95.59. This leaves the insider owning 4,600 shares of the company worth $0.41 million. Insiders disposed of 4,010,731 shares of company stock worth roughly $361.81 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WMS stock. A new stake in Advanced Drainage Systems Inc. shares was purchased by VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. during the first quarter worth $21,621,000. CI PRIVATE WEALTH, LLC invested $21,423,000 in shares of WMS during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Advanced Drainage Systems Inc. valued at approximately $20,136,000. AGF MANAGEMENT LTD acquired a new stake in WMS for approximately $20,074,000. MITSUBISHI UFJ TRUST & BANKING CORP purchased a new stake in WMS valued at around $18,587,000 in the second quarter. In total, there are 541 active investors with 85.80% ownership of the company’s stock.
Tuesday morning saw Advanced Drainage Systems Inc. (NYSE: WMS) opened at $90.28. During the past 12 months, Advanced Drainage Systems Inc. has had a low of $79.90 and a high of $153.36. As of last week, the company has a debt-to-equity ratio of 1.19, a current ratio of 3.10, and a quick ratio of 1.90. The fifty day moving average price for WMS is $89.12 and a two-hundred day moving average price translates $106.03 for the stock.
The latest earnings results from Advanced Drainage Systems Inc. (NYSE: WMS) was released for Dec, 2022. According to the Building Products & Equipment Company, earnings per share came in at $0.99, missing analysts’ expectations of $1.16 by -0.17. This compares to $1.02 EPS in the same period last year. The net profit margin was 14.70% and return on equity was 42.20% for WMS. The company reported revenue of $655.17 million for the quarter, compared to $715.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.41 percent. For the current quarter, analysts expect WMS to generate $562.89M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 03/01/2023 were paid a $0.12 dividend. On an annualized basis, this represents a $0.48 dividend and a 0.53% percent yield. There was an ex-dividend date of 02/28/2023 for this dividend. In terms of dividend payout ratio, WMS is presently at 8.40%.
Advanced Drainage Systems Inc.(WMS) Company Profile
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, 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, mechanical aeration wastewater solutions, septic tanks and accessories, and combined treatment and dispersal systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. The company also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products. It offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of approximately 38 distribution centers. The company was incorporated in 1966 and is headquartered in Hilliard, Ohio.
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