Insider Selling: Carriage Services, Inc. (NYSE:CSV) President Sells 348 Shares of Stock

Carriage Services, Inc. (NYSE:CSV - Get Free Report) President Steven D. Metzger sold 348 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $46.78, for a total transaction of $16,279.44. Following the transaction, the president owned 73,896 shares in the company, valued at approximately $3,456,854.88. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Carriage Services Stock Performance

Shares of Carriage Services stock traded down $0.49 during trading on Friday, reaching $46.36. The company's stock had a trading volume of 57,791 shares, compared to its average volume of 108,574. The business's 50-day moving average price is $44.06 and its 200-day moving average price is $41.04. The firm has a market cap of $727.31 million, a PE ratio of 15.50, a P/E/G ratio of 0.98 and a beta of 0.89. Carriage Services, Inc. has a 52 week low of $27.76 and a 52 week high of $47.48. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 2.35.

Carriage Services (NYSE:CSV - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.16. The company had revenue of $8.47 million during the quarter, compared to analysts' expectations of $104.17 million. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. Equities analysts forecast that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 5th were given a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.45 annualized dividend and a yield of 0.97%. Carriage Services's dividend payout ratio is 15.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Roth Mkm reaffirmed a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of Carriage Services in a research report on Friday, May 2nd. Wall Street Zen cut shares of Carriage Services from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $50.00 price objective on shares of Carriage Services in a research report on Thursday, May 1st.

Institutional Investors Weigh In On Carriage Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 868 shares during the period. Johnson Financial Group Inc. bought a new stake in Carriage Services during the fourth quarter worth about $45,000. New York State Teachers Retirement System bought a new stake in Carriage Services during the first quarter worth about $48,000. US Bancorp DE bought a new stake in Carriage Services during the first quarter worth about $93,000. Finally, State of Wyoming bought a new stake in Carriage Services during the first quarter worth about $108,000. Institutional investors own 66.46% of the company's stock.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.