Carriage Services (NYSE:CSV) Reaches New 12-Month High – Still a Buy?

Shares of Carriage Services, Inc. (NYSE:CSV) reached a new 52-week high on Thursday . The stock traded as high as $49.96 and last traded at $49.7550, with a volume of 51176 shares. The stock had previously closed at $48.15.

Wall Street Analyst Weigh In

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

Carriage Services Trading Up 4.5%

The firm has a 50 day simple moving average of $44.95 and a 200 day simple moving average of $43.83. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.84 and a current ratio of 0.98. The firm has a market cap of $792.43 million, a P/E ratio of 15.43, a P/E/G ratio of 0.94 and a beta of 0.92.

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

Carriage Services Announces Dividend

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

Institutional Trading of Carriage Services

A number of large investors have recently modified their holdings of the business. North Star Investment Management Corp. boosted its position in shares of Carriage Services by 207.7% during the 1st quarter. North Star Investment Management Corp. now owns 40,000 shares of the company’s stock valued at $1,826,000 after acquiring an additional 27,000 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Carriage Services by 3.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,939 shares of the company’s stock valued at $454,000 after acquiring an additional 321 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Carriage Services during the 4th quarter valued at about $206,000. Millennium Management LLC boosted its position in shares of Carriage Services by 597.1% during the 4th quarter. Millennium Management LLC now owns 136,149 shares of the company’s stock valued at $5,759,000 after acquiring an additional 116,617 shares during the last quarter. Finally, Man Group plc bought a new stake in shares of Carriage Services during the 4th quarter valued at about $957,000. Institutional investors own 66.46% of the company’s stock.

Carriage Services Company 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.