Punch & Associates Investment Management Inc. Purchases New Shares in Carriage Services, Inc. $CSV

Punch & Associates Investment Management Inc. purchased a new position in Carriage Services, Inc. (NYSE:CSV) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 249,404 shares of the company’s stock, valued at approximately $9,562,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Carriage Services in the second quarter valued at $42,164,000. Polar Asset Management Partners Inc. bought a new position in Carriage Services during the 2nd quarter valued at about $12,505,000. De Lisle Partners LLP bought a new position in Carriage Services during the 2nd quarter valued at about $9,191,000. Heartland Advisors Inc. purchased a new stake in Carriage Services in the 2nd quarter worth about $7,948,000. Finally, Bank of New York Mellon Corp purchased a new stake in Carriage Services in the 2nd quarter worth about $4,521,000. 66.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CSV. Roth Capital set a $46.00 price objective on shares of Carriage Services in a research note on Friday, August 7th. Weiss Ratings downgraded Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Raymond James Financial set a $50.00 price target on Carriage Services in a research note on Friday, August 7th. Oppenheimer initiated coverage on Carriage Services in a research report on Thursday, August 13th. They issued an “outperform” rating and a $48.00 price objective on the stock. Finally, Zacks Research lowered Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.00.

Carriage Services Price Performance

Carriage Services stock opened at $34.77 on Thursday. The stock has a market cap of $551.80 million, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 0.69 and a beta of 0.84. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29. Carriage Services, Inc. has a 1 year low of $33.33 and a 1 year high of $52.10. The firm has a 50-day moving average of $37.60 and a two-hundred day moving average of $41.89.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, August 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). The company had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, research analysts forecast that Carriage Services, Inc. will post 3.38 earnings per share for the current year.

Carriage Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 3rd. Carriage Services’s dividend payout ratio (DPR) is presently 16.13%.

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.