New insider activity at Advanced Drainage Systems ( (WMS) ) has taken place on February 22, 2025.
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Darin S. Harvey, the Executive Vice President of Supply Chain & Logistics at Advanced Drainage Systems, has recently sold 2,464 shares of the company’s stock. This transaction is valued at $308,000, reflecting a significant move by a key executive within the company.
Recent Updates on WMS stock
Advanced Drainage Systems (ADS) recently held its Q3 earnings call, reporting a 4% rise in net sales to $691 million, primarily driven by the acquisition of Orenco and increased demand in the residential and non-residential markets. Despite this growth, the company faced challenges, including a 6% decline in adjusted EBITDA and a significant decrease in free cash flow due to increased capital spending. Analysts have adjusted their price targets for ADS, with Loop Capital lowering its target based on the company’s stable pricing and raw material conditions, despite a challenging macroeconomic backdrop. Baird raised its target, citing strong company execution, while Barclays lowered its target due to modest pricing headwinds and in-line fiscal Q3 results. Overall, ADS remains focused on long-term growth through strategic investments and expansions, such as its recycling facility in Georgia, and maintains a positive outlook despite current challenges.
More about Advanced Drainage Systems
YTD Price Performance: 2.78%
Average Trading Volume: 652,348
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $9.12B