Advanced Drainage Systems, Inc. (NYSE:WMS) announced that Tim A. Makowski, the company's Vice President, Controller, and Chief Accounting Officer, has sold 3,800 shares of common stock on May 31, 2024. The transaction totaled approximately $648,601, with the shares being sold at a weighted average price of $170.68 to $170.84.
The sale was disclosed in a filing with the Securities and Exchange Commission. Following the transaction, Makowski's direct holdings in the company decreased to 4,530 shares of common stock. Additionally, he indirectly owns 17,557.8195 shares through the company's KSOP (Key Employee Stock Ownership Plan), as indicated in the filing.
Investors and the market often closely monitor insider transactions such as these for insights into the perspective of company executives regarding the firm's stock value and financial health. The detailed information regarding the number of shares sold at varying prices within the range provided is available upon request from Advanced Drainage Systems, Inc., any security holder, or the SEC staff, as per the filing's footnotes.
Advanced Drainage Systems, based in Hilliard, Ohio, specializes in plastic foam products and remains a leader in water management solutions in the industrial sector. The company is incorporated in Delaware and has been serving a wide array of customer needs in water infrastructure and construction projects.
InvestingPro Insights
Advanced Drainage Systems, Inc. (NYSE:WMS) has demonstrated a strong financial performance with key metrics indicating a solid position. With a market capitalization of $13.1 billion, the company shows significant size and stability in the sector. The P/E ratio, a measure of a company's current share price relative to its per-share earnings, stands at 26.04, reflecting investor sentiment about the company's earnings potential.
An important InvestingPro Tip is that WMS has raised its dividend for 3 consecutive years, signaling confidence in its financial health and a commitment to returning value to shareholders. Moreover, the company has maintained dividend payments for 11 consecutive years, which is a testament to its consistent performance and reliability for income-focused investors.
Revenue growth for the last quarter of 2024 was positive at 5.87%, indicating the company's ability to increase sales over time. Additionally, Advanced Drainage Systems has a high return over the last year, with a 1-year price total return of 66.88%, showcasing its strong market performance.
For those seeking a deeper analysis, InvestingPro offers additional insights and metrics. There are 14 additional InvestingPro Tips available for Advanced Drainage Systems, Inc., which can be accessed at https://www.investing.com/pro/WMS. These tips can provide investors with a more comprehensive understanding of the company's financial nuances and potential investment opportunities.
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