Shares of Carriage Services, Inc. (NYSE:CSV - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $46.20 and last traded at $46.16, with a volume of 30096 shares changing hands. The stock had previously closed at $45.52.
Analyst Ratings Changes
Several research firms recently weighed in on CSV. Roth Mkm restated a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of Carriage Services in a research note on Friday, May 2nd. Wall Street Zen downgraded Carriage Services from a "buy" rating to a "hold" rating in a report on Friday. Finally, Barrington Research restated an "outperform" rating and set a $50.00 price target on shares of Carriage Services in a report on Thursday, May 1st.
Get Our Latest Analysis on Carriage Services
Carriage Services Price Performance
The firm's fifty day simple moving average is $42.70 and its 200-day simple moving average is $40.62. The firm has a market capitalization of $718.76 million, a PE ratio of 16.16, a PEG ratio of 0.97 and a beta of 0.88. 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 quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.16. The company had revenue of $8.47 million during the quarter, compared to analyst estimates of $104.17 million. Carriage Services had a net margin of 11.50% and a return on equity of 21.96%. On average, research analysts forecast that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.
Carriage Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 5th were issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, May 5th. Carriage Services's payout ratio is currently 15.05%.
Insider Activity at Carriage Services
In related news, President Steven D. Metzger sold 3,000 shares of Carriage Services stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $40.60, for a total value of $121,800.00. Following the completion of the sale, the president directly owned 75,897 shares in the company, valued at approximately $3,081,418.20. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 9,000 shares of company stock worth $362,141 over the last 90 days. Company insiders own 2.60% of the company's stock.
Institutional Trading of Carriage Services
A number of institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC lifted its position in Carriage Services by 33.5% during the first quarter. Voya Investment Management LLC now owns 14,599 shares of the company's stock valued at $566,000 after purchasing an additional 3,665 shares during the period. Jane Street Group LLC purchased a new stake in Carriage Services during the 1st quarter valued at $689,000. Jones Financial Companies Lllp raised its stake in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock valued at $36,000 after buying an additional 868 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new position in shares of Carriage Services during the 1st quarter valued at $3,546,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Carriage Services by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company's stock valued at $313,000 after buying an additional 312 shares during the period. Hedge funds and other institutional investors own 66.46% of the company's stock.
Carriage Services Company Profile
(
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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.
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