Carriage Services, Inc. $CSV Shares Purchased by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. raised its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 246,699 shares of the company’s stock after purchasing an additional 35,274 shares during the period. Punch & Associates Investment Management Inc. owned 1.57% of Carriage Services worth $10,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in Carriage Services by 3.0% during the second quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company’s stock worth $404,000 after purchasing an additional 258 shares during the last quarter. Hohimer Wealth Management LLC increased its position in Carriage Services by 6.4% during the third quarter. Hohimer Wealth Management LLC now owns 4,779 shares of the company’s stock worth $213,000 after purchasing an additional 289 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Carriage Services by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after purchasing an additional 312 shares during the last quarter. Prudential Financial Inc. increased its position in Carriage Services by 3.0% during the second quarter. Prudential Financial Inc. now owns 11,245 shares of the company’s stock worth $514,000 after purchasing an additional 330 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Carriage Services by 112.8% during the third quarter. Jones Financial Companies Lllp now owns 1,011 shares of the company’s stock worth $46,000 after purchasing an additional 536 shares during the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CSV. Weiss Ratings lowered shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a research report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Carriage Services currently has an average rating of “Moderate Buy” and a consensus price target of $61.67.

Carriage Services Price Performance

CSV opened at $38.63 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.99. Carriage Services, Inc. has a 52-week low of $37.11 and a 52-week high of $52.10. The company has a 50 day moving average of $44.53 and a two-hundred day moving average of $43.79. The company has a market cap of $613.14 million, a P/E ratio of 14.00, a P/E/G ratio of 0.74 and a beta of 0.83.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. The company had revenue of $106.12 million during the quarter, compared to the consensus estimate of $111.39 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, analysts expect that Carriage Services, Inc. will post 3.45 earnings per share for the current year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were paid a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, May 4th. Carriage Services’s payout ratio is currently 16.30%.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.