Lodge Hill Capital LLC Boosts Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Lodge Hill Capital LLC grew its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,940 shares of the construction company's stock after acquiring an additional 26,240 shares during the period. Advanced Drainage Systems comprises approximately 4.3% of Lodge Hill Capital LLC's portfolio, making the stock its 11th largest position. Lodge Hill Capital LLC owned 0.17% of Advanced Drainage Systems worth $15,599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. increased its position in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after purchasing an additional 88 shares in the last quarter. Spire Wealth Management acquired a new stake in Advanced Drainage Systems in the fourth quarter valued at $94,000. First Horizon Advisors Inc. grew its position in Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after buying an additional 137 shares during the period. Blue Trust Inc. increased its holdings in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after acquiring an additional 108 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after purchasing an additional 948 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 2.3 %

NYSE WMS traded up $2.38 on Tuesday, reaching $103.92. The company had a trading volume of 95,363 shares, compared to its average volume of 571,166. The stock's 50 day moving average is $110.16 and its 200-day moving average is $124.17. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Equities analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

Analysts Set New Price Targets

Several brokerages recently weighed in on WMS. Stephens reaffirmed an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. StockNews.com lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price objective for the company. Barclays lowered their target price on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, KeyCorp dropped their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $153.78.

Advanced Drainage Systems 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.