Carriage Services, Inc. $CSV Shares Sold by Mendel Money Management

Mendel Money Management decreased its holdings in shares of Carriage Services, Inc. (NYSE:CSV) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,495 shares of the company’s stock after selling 10,434 shares during the period. Mendel Money Management owned approximately 0.19% of Carriage Services worth $1,248,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Russell Investments Group Ltd. boosted its stake in shares of 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 buying an additional 258 shares during the period. Hohimer Wealth Management LLC boosted its stake in shares of 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 buying an additional 289 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 buying an additional 312 shares during the period. Prudential Financial Inc. boosted its stake in shares of 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 buying an additional 330 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of 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 buying an additional 536 shares during the period. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Trading Up 1.4%

NYSE CSV opened at $51.18 on Friday. The stock has a market capitalization of $806.02 million, a P/E ratio of 15.70, a P/E/G ratio of 0.98 and a beta of 0.92. Carriage Services, Inc. has a 52-week low of $38.10 and a 52-week high of $52.10. The firm has a 50-day moving average price of $45.25 and a 200 day moving average price of $43.90. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 2.09.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.05). The firm had revenue of $105.48 million for the quarter, compared to analysts’ expectations of $103.50 million. Carriage Services had a return on equity of 21.22% and a net margin of 12.34%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Equities research analysts expect that Carriage Services, Inc. will post 3.43 EPS for the current year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 4th will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.45 dividend on an annualized basis and a yield of 0.9%. Carriage Services’s dividend payout ratio (DPR) is 13.80%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CSV. Weiss Ratings downgraded shares of Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a report on Tuesday, February 17th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Carriage Services Profile

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.