Carriage Services, Inc. (NYSE:CSV - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $45.36 and last traded at $44.70, with a volume of 2136 shares. The stock had previously closed at $45.03.
Wall Street Analyst Weigh In
CSV has been the topic of several recent research reports. Barrington Research reissued an "outperform" rating and set a $50.00 price target on shares of Carriage Services in a research report on Thursday, May 1st. Wall Street Zen raised shares of Carriage Services from a "hold" rating to a "buy" rating in a research note on Sunday, May 11th. Finally, Roth Mkm reissued 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.
View Our Latest Report on Carriage Services
Carriage Services Price Performance
The stock has a 50-day simple moving average of $41.26 and a 200 day simple moving average of $40.29. The company has a market cap of $705.09 million, a PE ratio of 20.15, a P/E/G ratio of 0.97 and a beta of 0.88. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03.
Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.16. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The firm had revenue of $8.47 million for the quarter, compared to analyst estimates of $104.17 million. Equities analysts expect that Carriage Services, Inc. will post 2.5 EPS for the current year.
Carriage Services Dividend Announcement
The business 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 was Monday, May 5th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.00%. Carriage Services's payout ratio is currently 15.05%.
Insider Activity at Carriage Services
In other news, President Steven D. Metzger sold 3,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $40.60, for a total transaction of $121,800.00. Following the completion of the transaction, the president now directly owns 75,897 shares in the company, valued at $3,081,418.20. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 9,000 shares of company stock worth $362,141. Insiders own 2.60% of the company's stock.
Hedge Funds Weigh In On Carriage Services
Several hedge funds have recently bought and sold shares of CSV. Nuveen LLC purchased a new stake in Carriage Services during the first quarter worth about $4,157,000. Punch & Associates Investment Management Inc. purchased a new stake in Carriage Services during the 1st quarter worth approximately $3,546,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Carriage Services during the 4th quarter worth approximately $3,566,000. LPL Financial LLC lifted its holdings in Carriage Services by 120.2% during the 1st quarter. LPL Financial LLC now owns 135,893 shares of the company's stock worth $5,266,000 after buying an additional 74,193 shares in the last quarter. Finally, LSV Asset Management boosted its position in Carriage Services by 12.4% in the 4th quarter. LSV Asset Management now owns 590,917 shares of the company's stock valued at $23,548,000 after buying an additional 65,358 shares during the period. Institutional investors and hedge funds own 66.46% of the company's stock.
Carriage Services Company Profile
(
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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