Silver Oak Securities Incorporated Buys New Shares in Advanced Drainage Systems, Inc. (NYSE:WMS)

Silver Oak Securities Incorporated acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,136 shares of the construction company's stock, valued at approximately $245,000.

Several other institutional investors also recently modified their holdings of WMS. CIBC Asset Management Inc grew its position in shares of Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock valued at $357,000 after acquiring an additional 79 shares during the period. CWM LLC grew its position in shares of Advanced Drainage Systems by 18.1% during 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 period. UMB Bank n.a. grew its position in shares of Advanced Drainage Systems by 12.7% during 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 period. Blue Trust Inc. grew its position in shares of 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 during the period. Finally, Fifth Third Wealth Advisors LLC grew its position 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 during the period. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

NYSE WMS traded up $1.24 on Thursday, hitting $125.99. The stock had a trading volume of 373,193 shares, compared to its average volume of 648,193. Advanced Drainage Systems, Inc. has a 52-week low of $110.75 and a 52-week high of $184.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.15 and a current ratio of 3.21. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. The firm has a 50-day moving average of $120.80 and a 200-day moving average of $139.14.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Equities analysts expect that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 10.70%.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of recent research reports. UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a research note on Wednesday, January 8th. Robert W. Baird dropped 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 note on Monday, November 11th. Barclays dropped their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Stephens restated an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, KeyCorp dropped their price target 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $164.25.

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.