De Lisle Partners LLP Acquires Shares of 239,593 Carriage Services, Inc. $CSV

De Lisle Partners LLP bought a new position in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 239,593 shares of the company's stock, valued at approximately $9,191,000. Carriage Services makes up 1.0% of De Lisle Partners LLP's investment portfolio, making the stock its 29th largest holding. De Lisle Partners LLP owned about 1.51% of Carriage Services at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Carriage Services in the third quarter valued at approximately $29,000. PNC Financial Services Group Inc. increased its stake in Carriage Services by 50.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 784 shares of the company's stock worth $36,000 after acquiring an additional 264 shares during the period. Jones Financial Companies Lllp raised its holdings in Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock valued at $36,000 after acquiring an additional 868 shares in the last quarter. Optiver Holding B.V. raised its holdings in Carriage Services by 2,195.1% in the 1st quarter. Optiver Holding B.V. now owns 941 shares of the company's stock valued at $43,000 after acquiring an additional 900 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Carriage Services during the 3rd quarter worth $51,000. 66.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CSV shares. Roth Capital set a $46.00 price target on Carriage Services in a research report on Friday, August 7th. Oppenheimer initiated coverage on shares of Carriage Services in a research report on Thursday, August 13th. They issued an "outperform" rating and a $48.00 target price for the company. Raymond James Financial set a $50.00 price target on shares of Carriage Services in a report on Friday, August 7th. Weiss Ratings lowered shares of Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of Carriage Services in a research note on Monday, April 27th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $51.00.

Carriage Services Stock Performance

Carriage Services stock opened at $34.54 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92. The stock has a market cap of $548.15 million, a PE ratio of 12.38, a P/E/G ratio of 0.68 and a beta of 0.84. Carriage Services, Inc. has a 12-month low of $33.33 and a 12-month high of $52.10. The business's 50-day moving average price is $37.83 and its two-hundred day moving average price is $42.08.

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

Carriage Services Announces Dividend

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

About Carriage Services

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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