Advanced Drainage Systems Stock News

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WMS, ALGN, and BV have been added to the Zacks Rank #5 (Strong Sell) List on February 8, 2022

WMS, ALGN, and BV have been added to the Zacks Rank #5 (Strong Sell) List on February 8, 2022

Advanced Drainage Systems, Inc. (WMS) CEO Scott Barbour on Q3 2022 Results - Earnings Call Transcript

Advanced Drainage Systems (NYSE:WMS) declares $0.11/share quarterly dividend, in line with previous.Forward yield 0.38%Payable March 15; for shareholders of record March 1; ex-div Feb.

Advanced Drainage Systems, Inc. (NYSE: WMS ) ("ADS" or the "Company"), a leading provider of innovative water management solutions in the stormwater and on-site septic waste water industries, today announced that its Board of Directors (the "Board") has approved a quarterly cash dividend to its shareholders in the amount of $0.11 per share, a 22% increase over the prior year quarterly dividend amount. The Company also announced that the Board approved a new $1 billion stock repurchase program. Scott Barbour, President and Chief Executive Officer of Advanced Drainage Systems commented, "The share repurchase program and dividend announcement issued today is predicated on the strength of our balance sheet, formidable cash generation, and ongoing commitment to returning capital to shareholders in the context of our overall capital allocation strategy. The $1 billion authorized under the new share repurchase program will be executed over multiple years, giving us flexibility to execute on our strategic priorities to drive both organic and inorganic growth.

Advanced Drainage Systems: Attractive If Current Growth Persists

Advanced Drainage Systems Inc (WMS) shares closed today at 1.9% below its 52 week high of $138.02, giving the company a market cap of $9B. The stock is currently up 61.9% year-to-date, up 64.7% over the past 12 months, and up 588.7% over the past five years. This week, the Dow Jones Industrial Average rose 2.6%, and the S&P 500 rose 3.0%. Trading Activity Trading volume this week was 52.6% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 355.1% The company's stock price performance over the past 12 months beats the peer average by 410.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 63.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Lisanti Capital Growth LLC trimmed its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,773 shares of the construction company’s stock after selling 7,965 shares during the period. Advanced Drainage Systems comprises […]

HMS Capital Management LLC trimmed its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,840 shares of the construction companys stock after selling 254 shares during the quarter. HMS Capital Management LLCs holdings in Advanced Drainage Systems were worth $1,497,000 at the end of the []

A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates.