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According to The Fly report, in a research report released on Friday, the target price of Advanced Drainage Systems (NYSE:WMS) was raised by Loop Capital stock researchers from US$127.00 to US$142.00. The brokerage company currently assigns a "buy" rating to the construction company's stock. Loop Capital’s target price indicates that the company’s previous closing price has a potential upside of 15.48%.

Several other research companies have recently published reports on WMS. Zacks Investment Research downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Thursday, August 12. In a research report on Friday, Barclays Bank raised the price target of Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating.

WMS shares rose $2.27 on Friday to reach $122.96. The company's stock trading volume was 4,179 shares, while its average trading volume was 481,825 shares. The stock has a market value of 8.68 billion U.S. dollars, a price-earnings ratio of 46.24, and a beta of 1.28. The company's quick ratio is 1.14, current ratio is 1.95, and debt-to-equity ratio is 1.02. The one-year low of Advanced Drainage Systems is $61.23 and the one-year high is $124.98. The 50-day moving average of this business is US$111.64, and its 200-day moving average is US$112.93.

Advanced Drainage Systems (NYSE: WMS) last announced its earnings results on Thursday, November 4. The construction company reported earnings per share of US$0.88 for the quarter, which was lower than analysts’ consensus estimate of US$1.13 (US$0.25). The company's revenue for the quarter was US$706.4 million, while the market generally expected it to be US$718.9 million. The return on equity of Advanced Drainage Systems is 29.63% and the net profit margin is 10.66%. Compared with the same period last year, the company's revenue increased by 29.8%. In the same period last year, the company's earnings per share were US$0.93. On average, sell-side analysts predict that Advanced Drainage Systems’ earnings per share for this fiscal year will be 3.78.

In other news, insider Tim A. Makowski sold 2,000 company shares in a transaction that took place on Monday, August 23. The shares were sold at an average price of 116.24 USD, with a total trading volume of 232,480.00 USD. After the sale is completed, insiders now own 7,353 shares of the company, valued at approximately US$854,712.72. The sale was disclosed in a legal document submitted to the US Securities and Exchange Commission, which can be accessed through this link. In addition, CAO Kevin C. Talley sold 10,703 shares in trading on Tuesday, September 14. The stock was sold at an average price of US$113.12, with a total value of US$1,210,723.36. After the transaction is completed, the chief accounting officer now owns 43,076 shares of the company, valued at US$4,872,757.12. The disclosure of this sale can be found here. In the past three months, insiders sold a total of 22,703 shares of the company's stock, valued at US$2,624,303. Insiders own 14.85% of the company's shares.

Some institutional investors and hedge funds have recently revised their holdings of the stock. Column Capital Advisors LLC purchased a new position at Advanced Drainage Systems in the second quarter, valued at $27,000. Berman Capital Advisors LLC increased its stake in Advanced Drainage Systems by 44.5% in the third quarter. Berman Capital Advisors LLC purchased 106 additional shares last quarter and now owns 344 shares of the construction company, valued at $37,000. Simon Quick Advisors LLC increased its stake in Advanced Drainage Systems by 114.1% in the third quarter. Simon Quick Advisors LLC purchased 219 additional shares last quarter and now owns 411 shares of the construction company, valued at $44,000. NEXT Financial Group Inc purchased a new position in Advanced Drainage Systems worth $82,000 in the third quarter. Finally, Lazard Asset Management LLC purchased a new position at Advanced Drainage Systems in the first quarter, valued at $87,000. Institutional investors hold 94.50% of the company's shares.

Advanced Drainage Systems, Inc is engaged in the manufacture of thermoplastic corrugated pipes. The company provides water management product suites and drainage solutions for the construction and infrastructure markets. It operates through the following divisions: pipeline, penetration, international and related products, and other divisions.

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