Punch & Associates Investment Management Inc. Has $12.04 Million Holdings in Carriage Services, Inc. $CSV

Punch & Associates Investment Management Inc. grew its position in shares of Carriage Services, Inc. (NYSE:CSV) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 263,750 shares of the company’s stock after purchasing an additional 17,051 shares during the quarter. Punch & Associates Investment Management Inc. owned about 1.66% of Carriage Services worth $12,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSV. Caitong International Asset Management Co. Ltd bought a new stake in shares of Carriage Services in the 3rd quarter valued at $29,000. PNC Financial Services Group Inc. raised its stake in Carriage Services by 50.8% during the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after buying an additional 868 shares during the last quarter. Quarry LP acquired a new position in Carriage Services in the third quarter valued at $51,000. Finally, Raymond James Financial Inc. acquired a new position in Carriage Services in the second quarter valued at $71,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Trading Up 3.0%

NYSE:CSV opened at $38.91 on Friday. Carriage Services, Inc. has a 12 month low of $36.39 and a 12 month high of $52.10. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $617.58 million, a price-to-earnings ratio of 14.10, a PEG ratio of 0.73 and a beta of 0.84. The firm has a fifty day simple moving average of $39.43 and a two-hundred day simple moving average of $42.91.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.86 earnings per share for the quarter, beating 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 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. Analysts expect that Carriage Services, Inc. will post 3.45 EPS for the current fiscal year.

Carriage Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s payout ratio is presently 16.30%.

Analyst Ratings Changes

A number of brokerages have commented on CSV. Weiss Ratings cut shares of Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of Carriage Services in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Carriage Services currently has an average rating of “Moderate Buy” and an average target price of $61.67.

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.