ADVANCED DRAINAGE SYSTEMS, INC.
In the published model solve dated 2026-Q2, anchored at $126.86, ADVANCED DRAINAGE SYSTEMS, INC. (WMS) is priced for +20.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- The price near 147 dollars clears every static valuation frame and is reached only by the growth-DCF, the signature of a real moat: Advanced Drainage Systems leads the recycled-HDPE stormwater-pipe category with a 22.9 percent ROE and an adjusted EBITDA margin near 28 percent. - Fiscal 2026 delivered net sales of 3.05 billion dollars and adjusted EBITDA of 962.9 million dollars, with the higher-margin Allied and Infiltrator lines leading and an 11 percent dividend hike plus the accretive NDS a
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558 institutional managers reported holding WMS in 13F filings for the quarter ended 2026-03-31. Together they hold about 88% of the company; the top 10 hold 40%. 87 opened new positions that quarter. Held by Vanguard Group, BlackRock, UBS, among others. On the short side, 3.1M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (2.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WMS's share count grew 8.8% over the past five years even with $1.12B spent on repurchases. It pays a dividend, and has paid one every year in our records (13 and counting), raised 3 years straight; the current rate is $0.72 a share annually. Cash returned over the past three years: $138.77M in dividends and $321.41M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at WMS over the trailing three years. Absence is a fact about the company, not a signal. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WMS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +4.2% | -10.4% |
| 2023-11-03 | +4.1% | +14.1% |
| 2024-02-09 | +17.4% | +1.2% |
| 2024-05-17 | -1.2% | -4.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WMS's latest 8-K filings: 2026-11-10 (items 1.01, 9.01); 2026-11-05 (items 2.02, 7.01, 8.01, 9.01); 2026-10-05 (items 1.01, 7.01, 9.01); 2026-08-06 (items 2.02, 7.01, 8.01, 9.01); 2026-07-16 (items 5.07, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.