According to Zacks, Advanced Drainage Systems, Inc. (NYSE: WMS) announced on Thursday, August 4, that it will pay a quarterly dividend to its shareholders. The announcement was made public. The following Thursday, September 15, the construction company will make a dividend payment to shareholders recorded as having shares as of the previous Thursday, September 1. The dividend amount will be $0.12 per share, which will be paid out to shareholders who were recorded as having these shares. That results in an annual yield of 0.35% and a dividend payment of $0.48 per share for every share outstanding. Please remember that the ex-dividend date is August 31, which falls on a Wednesday. The dividend given out by Advanced Drainage Systems has been raised annually for the past two years, with each increase indicating a rise of 10.7% higher on average than the dividend paid out in the prior three years. The fact that Advanced Drainage Systems maintains a dividend payout ratio of 7.3% demonstrates that the earnings generated by the business adequately support the dividend paid by the company. Market experts anticipate that Advanced Drainage Systems will post payments of $7.01 per share in the forthcoming financial year and base their forecasts on historical trends. Because of this, the prospective payout ratio for the company’s annual dividend payment of $0.48 is 6.8%. WMS stock was introduced to the market on Tuesday at $138.15 a share. The market capitalization of the company is $11.55 billion.
The company’s price-to-earnings ratio is 30.70, and the company has a beta of 1.51 percent. There is debt equal to 1.28 times the equity value, current assets equal to 2.78 times the equity value, and liquid assets equal to 1.81 times the equity value. The share price is currently trading at $114.58, which is higher than its 50-day and 200-day moving averages, which are now at $111.65. During the previous twelve months, one share of Advanced Drainage Systems has sold for anywhere between $80.81 and 153.36 dollars. The report on Advanced Drainage Systems (NYSE: WMS) performance was made available to the general public on Thursday, August 4. The construction company ended the quarter with $2.22 per share, which was $1.22 better than the experts’ average forecast of $1.00 per share based on the previous quarter. The performance of Advanced Drainage Systems was satisfactory, as shown by their respectable net margin of 12.65% and return on equity of 47.99%. During the same period in the prior year, the company posted a profit of $0.87 per share. The percentage increase in the annual growth rate of the company’s quarterly revenue was 36.6% greater than the year before. According to the consensus of financial industry analysts, profits of $6.39 per share are expected to be generated by Advanced Drainage Systems for the current fiscal year. On Tuesday, August 9, Executive Vice President Brian W. King sold a total of 1,870 shares of Advanced Drainage Systems stock. This piece of news is relevant to the subject matter of this article.
There was a total of $263,632.60 worth of transactions involving the company’s stock, with each share changing hands at an average price of $140.98. The executive vice president now owns 3,583 company shares, which have a combined value of about $505,131.34 due to the transaction. The Securities and Exchange Commission (SEC) kept a legal file accessible online and contained information relevant to the transaction. This information can be viewed by anybody interested. In other items about this topic, Advanced Drainage Systems Executive Vice President Brian W. King sold 1,870 shares of the company’s stock on August 9. The stock sale resulted in total revenue of $263,632.60, with the average price paid for each share coming in at $140.98. Because of the purchase, the executive vice president now owns 3,583 business shares, estimated to be worth $505,131.34. Follow the link, which will take you to a file submitted to the Securities and Exchange Commission. In addition, you will have the opportunity to acquire additional information regarding the transaction. Executive Vice President Darin S. Harvey also sold 20,000 Advanced Drainage Systems stock on Monday, June 6. The money was brought in by selling 2,251,000.00 worth of the stock at an average price per share of $112.55, which brought in the revenue. Because of the transaction, the executive vice president now directly owns 4,600 shares of the company’s stock. Based on the current market price, this amount equals $517,730. Disclosures that are related to the sale might be found in this section of the website. In the period spanning the three months prior, corporate insiders sold a total of 428,466 shares of company stock, which resulted in a value of $49,632,336. Currently, 9.33% of the business’s stock is owned by company insiders. In recent months, numerous institutional investors and hedge funds of varying types have bought and sold stock in various companies.
To acquire a new investment during the second quarter, Neo Ivy Capital Management put around $33,000 into Advanced Drainage Systems. That was done to make a purchase. Lazard Asset Management LLC saw a 98.2 percent increase in the value of its Advanced Drainage Systems interests during the first three months. Lazard Asset Management LLC now holds 1,132 shares of the construction company’s stock, valued at a combined total of $134,000, after purchasing an additional 561 shares during the quarter. Verition Fund Management LLC invested about $254,000 during the first quarter of the year in Advanced Drainage Systems to increase the percentage of the company it owns. The value of Prudential Financial Inc.’s investment in Advanced Drainage Systems climbed by 9.9% over the first three months of the year. After making an additional purchase of 194 shares during the quarter, Prudential Financial Inc. now has 2,156 shares of the construction company’s stock. Based on the current market price, this gives the business a value of approximately $256,000.
And last but not least, Cresset Asset Management LLC made a financial investment of $277,000 in Advanced Drainage Systems during the first three months of the year. 82.97% of the company’s stock is owned by institutional investors who have purchased large shares. WMS data has recently been made available by a wide range of different brokerages. TheStreet downgraded its recommendation for shares of Advanced Drainage Systems from a “b” rating to a “c+” rating in a research report published on Thursday, May 19, 2015.
Barclays boosted their price target on Advanced Drainage Systems from $135.00 to $164.00 and designated the stock as “overweight” in a research note published on Friday, August 5. In a research note on August 17, Deutsche Bank Aktiengesellschaft announced that the firm would begin following the stock of Advanced Drainage Systems. They recommended “buying” the stock to the company and set the price goal for the stock at $182.00. In a research report published on Friday, August 5, Baird increased their price target on Advanced Drainage Systems from $119.00 to $170.00 and rated the company as “outperforming.” Last but not least, in a research report made available to the public on Friday, July 8, Loop Capital dropped their target price for Advanced Drainage Systems from $158.00 to $120.00 while maintaining their “buy” rating on the company. Five research specialists have suggested that investors purchase company shares, while just two have recommended that investors keep their holdings. The majority opinion regarding the company’s price target is $152.00, and the average rating is a “Moderate Buy.”
These numbers were derived from the data that Bloomberg supplied. A Discussion on Some of Today’s Most Innovative Drainage Systems The underground construction and infrastructure industries in the United States, Canada, Mexico, and other nations are some of the one’s Advanced Drainage Systems, Inc. supports. Additionally, the company designs, manufactures and sells various equipment linked to water management and drainage. This company can be broken down into four distinct business divisions: Pipe, International, Infiltrator, Allied Products, and Other.