Carriage Services, Inc. $CSV Holdings Cut by LSV Asset Management

LSV Asset Management cut its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 642,017 shares of the company’s stock after selling 6,400 shares during the quarter. LSV Asset Management owned approximately 4.09% of Carriage Services worth $29,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC boosted its position in Carriage Services by 120.2% during the 1st quarter. LPL Financial LLC now owns 135,893 shares of the company’s stock valued at $5,266,000 after purchasing an additional 74,193 shares during the period. Maven Securities LTD bought a new stake in Carriage Services in the first quarter valued at $1,484,000. Inspire Investing LLC acquired a new position in shares of Carriage Services during the second quarter valued at $878,000. Punch & Associates Investment Management Inc. bought a new position in shares of Carriage Services during the first quarter worth about $3,546,000. Finally, Credit Agricole S A acquired a new stake in shares of Carriage Services in the 1st quarter worth about $1,053,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CSV has been the subject of a number of analyst reports. Zacks Research lowered shares of Carriage Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a report on Friday, November 7th. B. Riley reissued a “buy” rating and issued a $65.00 price objective (up from $52.00) on shares of Carriage Services in a report on Friday, August 8th. Raymond James Financial started coverage on Carriage Services in a research note on Wednesday, October 1st. They set an “outperform” rating and a $60.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Carriage Services in a research report on Thursday, November 13th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Carriage Services Trading Up 0.4%

Shares of Carriage Services stock opened at $40.90 on Wednesday. The business has a fifty day simple moving average of $44.01 and a 200-day simple moving average of $44.43. Carriage Services, Inc. has a fifty-two week low of $35.51 and a fifty-two week high of $49.41. The firm has a market cap of $643.97 million, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.89 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.72.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. Carriage Services had a net margin of 12.85% and a return on equity of 21.63%. The firm had revenue of $102.74 million for the quarter, compared to analysts’ expectations of $100.96 million. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. On average, equities analysts forecast that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $0.45 annualized dividend and a yield of 1.1%. Carriage Services’s dividend payout ratio is currently 14.47%.

Insiders Place Their Bets

In other Carriage Services news, VP Shane Pudenz sold 13,027 shares of Carriage Services stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $44.36, for a total value of $577,877.72. Following the transaction, the vice president owned 14,930 shares in the company, valued at approximately $662,294.80. The trade was a 46.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Carriage Services Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.