Carriage Services, Inc. $CSV Stake Raised by North Star Investment Management Corp.

North Star Investment Management Corp. raised its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 207.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the company’s stock after acquiring an additional 27,000 shares during the quarter. North Star Investment Management Corp. owned approximately 0.25% of Carriage Services worth $1,826,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Carriage Services by 3.3% during the first quarter. Janney Montgomery Scott LLC now owns 9,939 shares of the company’s stock worth $454,000 after purchasing an additional 321 shares during the period. XTX Topco Ltd acquired a new position in Carriage Services in the 4th quarter valued at approximately $206,000. Millennium Management LLC lifted its position in Carriage Services by 597.1% in the 4th quarter. Millennium Management LLC now owns 136,149 shares of the company’s stock worth $5,759,000 after buying an additional 116,617 shares in the last quarter. Man Group plc purchased a new stake in Carriage Services in the 4th quarter worth approximately $957,000. Finally, AQR Capital Management LLC boosted its stake in shares of Carriage Services by 4.3% during the 4th quarter. AQR Capital Management LLC now owns 10,775 shares of the company’s stock valued at $456,000 after buying an additional 446 shares during the period. 66.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.67.

Carriage Services Price Performance

NYSE CSV opened at $38.59 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $612.50 million, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.75 and a beta of 0.83. The company has a 50 day moving average price of $42.90 and a two-hundred day moving average price of $43.54. Carriage Services, Inc. has a 12-month low of $37.11 and a 12-month high of $52.10.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, May 6th. The company reported $0.86 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. As a group, equities analysts predict that Carriage Services, Inc. will post 3.45 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 4th were issued 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 dividend payout ratio (DPR) is 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.