1,099,733 Shares in Carriage Services, Inc. $CSV Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 1,099,733 shares of Carriage Services during the second quarter, worth approximately $42.2 million and representing a 6.93% stake. Institutional investors collectively own 66.46% of the company.
• Carriage Services reported quarterly EPS of $0.78, below the $0.82 consensus estimate, while revenue of $102.95 million also missed expectations. The company issued fiscal 2026 EPS guidance of $3.35–$3.55.
• The company declared a quarterly dividend of $0.1125, equivalent to $0.45 annually and a 1.3% yield. Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $51 versus a recent share price of $33.65.

BlackRock Inc. acquired a new position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,099,733 shares of the company's stock, valued at approximately $42,164,000. BlackRock Inc. owned approximately 6.93% of Carriage Services as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Polar Asset Management Partners Inc. bought a new stake in shares of Carriage Services in the first quarter valued at $11,610,000. Bank of New York Mellon Corp bought a new stake in Carriage Services in the 2nd quarter valued at about $4,521,000. Millennium Management LLC lifted its holdings in Carriage Services by 597.1% during the fourth quarter. Millennium Management LLC now owns 136,149 shares of the company's stock valued at $5,759,000 after purchasing an additional 116,617 shares during the last quarter. Swedbank AB purchased a new stake in Carriage Services during the first quarter valued at about $3,753,000. Finally, Punch & Associates Investment Management Inc. boosted its position in Carriage Services by 59.3% during the third quarter. Punch & Associates Investment Management Inc. now owns 211,425 shares of the company's stock worth $9,417,000 after purchasing an additional 78,730 shares during the period. 66.46% of the stock is owned by institutional investors.

Carriage Services Stock Performance

NYSE:CSV opened at $33.65 on Tuesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46. Carriage Services, Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $52.10. The firm has a market cap of $534.03 million, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The business has a 50 day moving average price of $37.35 and a 200-day moving average price of $41.67.

Carriage Services (NYSE:CSV - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.04). The firm had revenue of $102.95 million during the quarter, compared to analysts' expectations of $108.91 million. Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Equities research analysts predict that Carriage Services, Inc. will post 3.38 earnings per share for the current year.

Carriage Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be issued a $0.1125 dividend. The ex-dividend date is Monday, August 3rd. This represents a $0.45 annualized dividend and a yield of 1.3%. Carriage Services's dividend payout ratio (DPR) is 16.13%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CSV. Zacks Research lowered Carriage Services from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Oppenheimer initiated coverage on shares of Carriage Services in a report on Thursday, August 13th. They issued an "outperform" rating and a $48.00 price target on the stock. Roth Capital set a $46.00 price objective on shares of Carriage Services in a research report on Friday, August 7th. Raymond James Financial set a $50.00 price objective on shares of Carriage Services in a research note on Friday, August 7th. Finally, Weiss Ratings lowered shares of Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Carriage Services currently has a consensus rating of "Hold" and an average target price of $51.00.

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.

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