Heartland Advisors Inc. Purchases Shares of 207,300 Carriage Services, Inc. $CSV

Key Points

• Heartland Advisors acquired 207,300 shares of Carriage Services in the second quarter, valued at approximately $7.95 million and representing a 1.31% stake. Institutional investors and hedge funds now own 66.46% of the company.
• Carriage Services reported quarterly EPS of $0.78 and revenue of $102.95 million, missing analyst estimates of $0.82 and $108.91 million, respectively. The company maintained fiscal 2026 EPS guidance of $3.35–$3.55.
• The company declared a quarterly dividend of $0.1125, equivalent to an annualized $0.45 dividend and a 1.3% yield. Analyst opinions remain mixed, resulting in a consensus “Hold” rating and a $51 average price target.

Heartland Advisors Inc. acquired a new stake in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 207,300 shares of the company's stock, valued at approximately $7,948,000. Heartland Advisors Inc. owned 1.31% of Carriage Services as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CSV. BlackRock Inc. acquired a new position in Carriage Services in the second quarter valued at $42,164,000. Polar Asset Management Partners Inc. purchased a new stake in Carriage Services during the first quarter valued at about $11,610,000. Bank of New York Mellon Corp acquired a new stake in Carriage Services during the second quarter worth about $4,521,000. Millennium Management LLC increased its stake in Carriage Services by 597.1% during the fourth quarter. Millennium Management LLC now owns 136,149 shares of the company's stock worth $5,759,000 after acquiring an additional 116,617 shares during the last quarter. Finally, Swedbank AB purchased a new position in shares of Carriage Services in the 1st quarter worth about $3,753,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Carriage Services Price Performance

Shares of NYSE CSV opened at $34.54 on Friday. Carriage Services, Inc. has a 1-year low of $33.33 and a 1-year high of $52.10. The business has a 50-day moving average of $37.83 and a 200-day moving average of $42.08. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29. The company has a market capitalization of $548.15 million, a price-to-earnings ratio of 12.38, a PEG ratio of 0.68 and a beta of 0.84.

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

Carriage Services Announces Dividend

The company also recently disclosed 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 of this dividend 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%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings cut Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday. Zacks Research cut shares of Carriage Services from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Oppenheimer began coverage on shares of Carriage Services in a research report on Thursday, August 13th. They set an "outperform" rating and a $48.00 price target on the stock. Raymond James Financial set a $50.00 price objective on shares of Carriage Services in a research note on Friday, August 7th. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of Carriage Services in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $51.00.

Carriage Services 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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