WMS thrives in a 'tepid' market, so far. Water Sector LTP initiated coverage of Advanced Drainage Systems, Inc. (NYSE:WMS) on 8/11/25 when the price was $131.11. WMS’s all-time high price was $174.48 on 7/26/24, about a year ago. Then the stock declined and closed at $101.10 on 4/4/25, but rebounded to $147.29 as of the day of this report, 8/23/25. Company With headquarters near Columbus, Ohio, WMS manufactures water drainage products, including plastic pipes (polypropyle