News stories about Advanced Drainage Systems (NYSE:WMS) have trended somewhat positive on Saturday, according to AlphaOne Sentiment Analysis. AlphaOne, a division of Accern, identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Advanced Drainage Systems earned a coverage optimism score of 0.18 on AlphaOne’s scale. AlphaOne also gave press coverage about the construction company an impact score of 16 out of 100, indicating that recent press coverage is very unlikely to have an impact on the stock’s share price in the near term.

Insider Buying and Selling by Quarter for Advanced Drainage Systems (NYSE:WMS)

Several equities research analysts have commented on the company. Royal Bank Of Canada restated a “hold” rating on shares of Advanced Drainage Systems in a research note on Friday, May 26th. Boenning Scattergood restated a “hold” rating on shares of Advanced Drainage Systems in a research note on Thursday, May 25th. Finally, Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.00.

Advanced Drainage Systems (WMS) traded up 1.25% during midday trading on Friday, reaching $20.25. The company’s stock had a trading volume of 505,845 shares. Advanced Drainage Systems has a 52-week low of $18.60 and a 52-week high of $28.49. The firm has a 50 day moving average of $21.33 and a 200 day moving average of $21.99. The firm has a market cap of $1.12 billion, a P/E ratio of 40.50 and a beta of 0.93.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, May 25th. The construction company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.14. Advanced Drainage Systems had a net margin of 3.05% and a return on equity of 102.23%. The firm had revenue of $244.20 million during the quarter, compared to analyst estimates of $228.82 million. During the same period last year, the business posted $0.17 EPS. The company’s revenue was down .5% on a year-over-year basis. Analysts anticipate that Advanced Drainage Systems will post $1.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, June 5th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, June 1st. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.06. Advanced Drainage Systems’s dividend payout ratio (DPR) is 50.00%.

In related news, Chairman Joseph A. Chlapaty bought 10,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were bought at an average price of $20.28 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, the chairman now directly owns 227,786 shares of the company’s stock, valued at $4,619,500.08. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph A. Chlapaty bought 30,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was bought at an average price of $19.39 per share, for a total transaction of $581,700.00. Following the acquisition, the chief executive officer now directly owns 227,786 shares of the company’s stock, valued at $4,416,770.54. The disclosure for this purchase can be found here. Company insiders own 22.55% of the company’s stock.

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About Advanced Drainage Systems

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

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