Advanced Drainage Systems director Barbour sells $11.9 million in WMS stock

D. Scott Barbour, a Director at Advanced Drainage Systems, INC. (NYSE:WMS), sold a total of 79,830 shares of common stock on November 12, 2025, for approximately $11.9 million. The sales occurred in multiple transactions with prices ranging from $148.007 to $150.6551.

According to a Form 4 filing with the Securities and Exchange Commission, Barbour also exercised options to acquire 80,030 shares of Advanced Drainage Systems stock at a price of $25.75, for a total value of $2,060,772.

Following these transactions, Barbour directly owns 42,867 shares of Advanced Drainage Systems, INC. Additional shares are held in various trusts, including revocable and irrevocable trusts for the benefit of Barbour and his spouse, as well as GRATs (Grantor Retained Annuity Trusts) and a KSOP (employee stock ownership plan).

In other recent news, Advanced Drainage Systems reported impressive fiscal second-quarter 2026 results, significantly surpassing analyst expectations. The company achieved an earnings per share of $1.97, which exceeded the forecasted $1.64 by a notable 20.12%. Additionally, revenue reached $850 million, surpassing the expected $802.54 million. RBC Capital responded by raising its price target for Advanced Drainage Systems to $168, maintaining an Outperform rating. Similarly, KeyBanc increased its price target to $170, keeping an Overweight rating on the stock. The upgrades followed the company’s earnings report and conference call, which addressed market concerns about challenging end markets and pricing issues. Advanced Drainage Systems also reported a 17% year-over-year growth in adjusted EBITDA, with positive contributions across all segments. These recent developments underscore the company’s strong financial performance and optimistic outlook from analysts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.