Carriage Services, Inc. $CSV Shares Sold by LSV Asset Management

LSV Asset Management lessened its stake in Carriage Services, Inc. (NYSE:CSV) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 566,427 shares of the company’s stock after selling 42,690 shares during the period. LSV Asset Management’s holdings in Carriage Services were worth $23,960,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Axxcess Wealth Management LLC boosted its holdings in shares of Carriage Services by 42.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 45,964 shares of the company’s stock valued at $2,047,000 after purchasing an additional 13,703 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Carriage Services by 25.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 121,273 shares of the company’s stock valued at $5,401,000 after acquiring an additional 24,752 shares in the last quarter. MQS Management LLC acquired a new position in shares of Carriage Services during the 3rd quarter valued at $742,000. Navellier & Associates Inc. lifted its holdings in shares of Carriage Services by 88.2% during the 3rd quarter. Navellier & Associates Inc. now owns 26,932 shares of the company’s stock valued at $1,200,000 after acquiring an additional 12,621 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of Carriage Services during the 4th quarter valued at $550,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

Carriage Services Stock Performance

Shares of CSV stock opened at $43.71 on Monday. Carriage Services, Inc. has a 12 month low of $39.88 and a 12 month high of $52.10. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 0.99. The firm has a market capitalization of $693.61 million, a P/E ratio of 15.84, a P/E/G ratio of 0.84 and a beta of 0.90. The company’s fifty day moving average price is $45.76 and its two-hundred day moving average price is $43.99.

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

Carriage Services Dividend Announcement

The company also recently disclosed 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 is Monday, May 4th. This represents a $0.45 dividend on an annualized basis and a yield of 1.0%. 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.