Lodge Hill Capital LLC Buys 40,000 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Lodge Hill Capital LLC grew its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 55.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 111,700 shares of the construction company’s stock after acquiring an additional 40,000 shares during the period. Advanced Drainage Systems accounts for approximately 4.8% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 8th biggest holding. Lodge Hill Capital LLC’s holdings in Advanced Drainage Systems were worth $17,916,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMS. Thrivent Financial for Lutherans grew its stake in Advanced Drainage Systems by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,382,735 shares of the construction company’s stock valued at $221,777,000 after buying an additional 7,690 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Advanced Drainage Systems by 214.1% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 46,553 shares of the construction company’s stock worth $7,467,000 after acquiring an additional 31,734 shares during the period. AE Wealth Management LLC grew its position in shares of Advanced Drainage Systems by 20.6% in the second quarter. AE Wealth Management LLC now owns 2,303 shares of the construction company’s stock valued at $369,000 after purchasing an additional 393 shares during the last quarter. Bridges Investment Management Inc. bought a new position in shares of Advanced Drainage Systems during the second quarter worth approximately $426,000. Finally, XTX Topco Ltd increased its stake in shares of Advanced Drainage Systems by 682.7% during the second quarter. XTX Topco Ltd now owns 9,189 shares of the construction company’s stock worth $1,474,000 after purchasing an additional 8,015 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com downgraded Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Oppenheimer reissued an “outperform” rating and issued a $192.00 target price on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Barclays lowered their price target on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Loop Capital cut their price objective on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, Robert W. Baird lowered their target price on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.14.

Advanced Drainage Systems Price Performance

WMS stock opened at $152.37 on Friday. The company’s 50-day moving average price is $156.10 and its two-hundred day moving average price is $162.60. The firm has a market cap of $11.81 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.26 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. Advanced Drainage Systems, Inc. has a 12 month low of $102.32 and a 12 month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.08. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The business had revenue of $815.34 million for the quarter, compared to analysts’ expectations of $828.00 million. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.42%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 9.94%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.