Carriage Services, Inc. (NYSE:CSV - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $45.36 and last traded at $44.70, with a volume of 2136 shares traded. The stock had previously closed at $45.03.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CSV. Wall Street Zen upgraded shares of Carriage Services from a "hold" rating to a "buy" rating in a report on Sunday, May 11th. Roth Mkm restated a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of Carriage Services in a report on Friday, May 2nd. Finally, Barrington Research restated an "outperform" rating and issued a $50.00 price objective on shares of Carriage Services in a report on Thursday, May 1st.
View Our Latest Stock Analysis on Carriage Services
Carriage Services Stock Performance
The firm has a market capitalization of $705.32 million, a PE ratio of 20.14, a price-to-earnings-growth ratio of 0.97 and a beta of 0.88. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The business's 50 day simple moving average is $40.71 and its two-hundred day simple moving average is $40.15.
Carriage Services (NYSE:CSV - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.16. The business had revenue of $8.47 million during the quarter, compared to analyst estimates of $104.17 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. Research analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.
Carriage Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 5th were issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, May 5th. Carriage Services's payout ratio is 15.05%.
Insider Activity at Carriage Services
In other Carriage Services news, President Steven D. Metzger sold 3,508 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $40.09, for a total value of $140,635.72. Following the completion of the sale, the president now owns 81,389 shares of the company's stock, valued at $3,262,885.01. This trade represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 9,000 shares of company stock valued at $362,141. Insiders own 2.60% of the company's stock.
Hedge Funds Weigh In On Carriage Services
Several institutional investors have recently bought and sold shares of the business. MetLife Investment Management LLC lifted its stake in shares of Carriage Services by 3.1% during the fourth quarter. MetLife Investment Management LLC now owns 8,223 shares of the company's stock worth $328,000 after buying an additional 246 shares during the period. Hohimer Wealth Management LLC lifted its position in Carriage Services by 4.1% during the first quarter. Hohimer Wealth Management LLC now owns 6,456 shares of the company's stock valued at $250,000 after purchasing an additional 255 shares during the period. Values First Advisors Inc. increased its holdings in Carriage Services by 1.6% in the fourth quarter. Values First Advisors Inc. now owns 17,498 shares of the company's stock valued at $697,000 after buying an additional 270 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Carriage Services by 4.0% in the first 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 in the last quarter. Finally, Versor Investments LP increased its holdings in Carriage Services by 6.3% in the fourth quarter. Versor Investments LP now owns 8,387 shares of the company's stock valued at $334,000 after buying an additional 500 shares in the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.
About Carriage Services
(
Get Free Report)
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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