Advanced Drainage Systems (NYSE:WMS) Stock Price Target Lowered at Royal Bank Of Canada

Advanced Drainage Systems (NYSE:WMS) had its price objective trimmed by Royal Bank Of Canada from $170.00 to $163.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

WMS has been the subject of a number of other research reports. DA Davidson reduced their price objective on Advanced Drainage Systems from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday. Robert W. Baird set a $206.00 target price on Advanced Drainage Systems in a research note on Friday, August 7th. Stephens reaffirmed an “overweight” rating and set a $175.00 target price on shares of Advanced Drainage Systems in a report on Monday, September 21st. Zacks Research upgraded Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Barclays reduced their price target on Advanced Drainage Systems from $191.00 to $183.00 and set an “overweight” rating for the company in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $184.40.

Advanced Drainage Systems Stock Performance

Shares of NYSE:WMS traded up $1.48 during midday trading on Friday, reaching $124.11. The company’s stock had a trading volume of 1,152,282 shares, compared to its average volume of 729,573. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.95. The stock has a fifty day moving average of $130.03 and a 200 day moving average of $143.09. Advanced Drainage Systems has a twelve month low of $119.53 and a twelve month high of $179.32. The firm has a market capitalization of $9.36 billion, a PE ratio of 23.60, a P/E/G ratio of 1.60 and a beta of 1.30.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, November 5th. The construction company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.07. The company had revenue of $889.41 million during the quarter, compared to the consensus estimate of $921.79 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.97 earnings per share. On average, equities analysts expect that Advanced Drainage Systems will post 6.57 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, December 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 13.82%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Advanced Drainage Systems during the 2nd quarter worth about $1,172,482,000. Bamco Inc. NY acquired a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at about $106,800,000. Hill City Capital LP purchased a new position in shares of Advanced Drainage Systems in the 2nd quarter valued at about $75,341,000. Bank of New York Mellon Corp purchased a new position in shares of Advanced Drainage Systems in the 2nd quarter valued at about $74,104,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of Advanced Drainage Systems by 33.4% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,505,017 shares of the construction company’s stock valued at $190,712,000 after purchasing an additional 377,043 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Key Advanced Drainage Systems News

Here are the key news stories impacting Advanced Drainage Systems this week:

• Positive Sentiment: ADS declared a quarterly dividend of $0.20 per share, payable December 15, with a December 1 ex-dividend date. The annualized payout is $0.80 per share, a 0.6% yield.
• Neutral Sentiment: Royal Bank of Canada, Oppenheimer and Barclays lowered their price targets to $163, $180 and $183, respectively, but maintained “outperform” or “overweight” ratings. The revised targets still imply substantial upside from the cited $124.11 share price. Royal Bank of Canada rating information Oppenheimer rating information Barclays rating information
• Negative Sentiment: Fiscal Q2 2027 revenue of $889.4 million fell short of the roughly $921.8 million estimate. EPS was $1.88—above one consensus estimate of $1.81, but below Zacks’ $1.89 estimate—and down from $1.97 a year earlier. Reports also cited a cut to guidance, contributing to the sharp post-results decline in shares. Second-quarter results announcement Earnings coverage

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a manufacturer of water management products and solutions. The company produces thermoplastic corrugated pipe, fittings, drainage structures, stormwater chambers and related products used to manage the collection, conveyance, storage and treatment of water.

Its products serve a range of markets, including residential, commercial, agricultural, infrastructure and environmental applications. Advanced Drainage Systems supplies solutions for stormwater management, septic and wastewater systems, highway and road construction, land development, agriculture and erosion control.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers through a manufacturing and distribution network primarily covering the United States and Canada, with additional international operations.