Advanced Drainage Systems (NYSE:WMS) Sets New 52-Week Low - What's Next?

Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) shares reached a new 52-week low 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMS. Loop Capital cut their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, November 11th. KeyCorp reduced their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Oppenheimer dropped their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Robert W. Baird reduced their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Finally, Stephens reiterated an "equal weight" rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.29.

Advanced Drainage Systems Stock Down 1.8 %

The firm has a market cap of $8.89 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $139.43 and a two-hundred day moving average price of $151.74.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts' consensus estimates 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%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 earnings per share. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed 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 was Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.56%. Advanced Drainage Systems's dividend payout ratio is currently 10.19%.

Institutional Trading of Advanced Drainage Systems

Several institutional investors have recently modified their holdings of WMS. West Oak Capital LLC lifted its holdings in shares of Advanced Drainage Systems by 133.3% in the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. increased its position in Advanced Drainage Systems by 1,472.7% during the second quarter. Blue Trust Inc. now owns 173 shares of the construction company's stock worth $30,000 after buying an additional 162 shares during the period. National Bank of Canada FI purchased a new stake in Advanced Drainage Systems in the second quarter valued at approximately $45,000. Huntington National Bank boosted its holdings in shares of 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 acquiring an additional 213 shares during the period. Finally, Millburn Ridgefield Corp grew its position in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after acquiring an additional 424 shares during the last quarter. Hedge funds and other 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.