Barclays Has Lowered Expectations for Advanced Drainage Systems (NYSE:WMS) Stock Price

Advanced Drainage Systems (NYSE:WMS - Free Report) had its target price cut by Barclays from $172.00 to $160.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the construction company's stock.

A number of other research firms have also recently commented on WMS. KeyCorp reduced their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a report on Monday, November 11th. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research note on Wednesday, January 8th. Loop Capital decreased their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Oppenheimer dropped their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Finally, Robert W. Baird reduced their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $166.88.

Advanced Drainage Systems Stock Up 1.4 %

Shares of NYSE WMS traded up $1.70 during trading hours on Thursday, hitting $125.66. The company had a trading volume of 1,115,962 shares, compared to its average volume of 608,706. Advanced Drainage Systems has a 1-year low of $110.75 and a 1-year high of $184.27. 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 firm's 50 day moving average is $124.40 and its 200-day moving average is $144.69. The stock has a market capitalization of $9.74 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The firm had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. During the same quarter in the prior year, the business earned $1.71 EPS. The business's revenue was up .3% compared to the same quarter last year. On average, analysts expect that Advanced Drainage Systems will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.51%. Advanced Drainage Systems's payout ratio is 10.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its position in Advanced Drainage Systems by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock valued at $357,000 after buying an additional 79 shares in the last quarter. CWM LLC lifted its stake in shares of Advanced Drainage Systems by 18.1% in the 3rd quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after acquiring an additional 85 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Advanced Drainage Systems by 4.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company's stock valued at $379,000 after acquiring an additional 111 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in Advanced Drainage Systems by 8.8% during the 3rd quarter. QRG Capital Management Inc. now owns 1,638 shares of the construction company's stock worth $257,000 after acquiring an additional 132 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

About Advanced Drainage Systems

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.