Advanced Drainage Systems, Inc. $WMS Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. cut its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 37.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,241 shares of the construction company’s stock after selling 1,335 shares during the period. Fox Run Management L.L.C.’s holdings in Advanced Drainage Systems were worth $257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC boosted its position in Advanced Drainage Systems by 177.4% during the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock worth $49,000 after purchasing an additional 275 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Advanced Drainage Systems during the 1st quarter worth approximately $66,000. Signaturefd LLC lifted its position in shares of Advanced Drainage Systems by 110.7% during the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock valued at $73,000 after buying an additional 352 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Advanced Drainage Systems by 341.6% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock valued at $76,000 after buying an additional 509 shares in the last quarter. Finally, Covestor Ltd grew its stake in Advanced Drainage Systems by 169.8% in the 1st quarter. Covestor Ltd now owns 955 shares of the construction company’s stock valued at $104,000 after acquiring an additional 601 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 1.6%

Shares of NYSE WMS opened at $148.50 on Friday. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $153.25. The stock has a market cap of $11.55 billion, a PE ratio of 26.80, a P/E/G ratio of 1.88 and a beta of 1.33. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $141.79 and a 200 day moving average of $128.35.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. The business had revenue of $850.38 million for the quarter, compared to analyst estimates of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems’s payout ratio is 12.29%.

Insider Buying and Selling at Advanced Drainage Systems

In other news, EVP Thomas J. Sr. Waun sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. Following the transaction, the executive vice president owned 14,970 shares of the company’s stock, valued at approximately $2,245,500. The trade was a 6.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider D. Scott Barbour sold 80,030 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $148.95, for a total transaction of $11,920,468.50. Following the completion of the sale, the insider directly owned 42,867 shares of the company’s stock, valued at $6,385,039.65. This represents a 65.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 87,203 shares of company stock worth $12,990,384 in the last three months. 1.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays upped their price target on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Royal Bank Of Canada raised their price target on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, UBS Group reissued a “buy” rating and set a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.56.

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.