Punch & Associates Investment Management Inc. Takes $9.56 Million Position in Carriage Services, Inc. $CSV

Key Points

• Punch & Associates acquired 249,404 shares of Carriage Services in the second quarter, worth approximately $9.56 million and representing a 1.57% stake. Institutional investors collectively 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 EPS and $108.91 million in revenue. 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. Analysts’ consensus rating is “Hold,” with a consensus price target of $51, while CSV recently traded at $34.77.

Punch & Associates Investment Management Inc. purchased a new position in Carriage Services, Inc. (NYSE:CSV - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 249,404 shares of the company's stock, valued at approximately $9,562,000. Punch & Associates Investment Management Inc. owned approximately 1.57% of Carriage Services as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CSV. Bank of America Corp DE bought a new stake in Carriage Services during the 2nd quarter valued at approximately $1,541,000. Polar Asset Management Partners Inc. bought a new position in Carriage Services in the 2nd quarter worth approximately $12,505,000. Manatuck Hill Partners LLC purchased a new stake in Carriage Services during the 2nd quarter valued at approximately $2,553,000. Legal & General Group Plc purchased a new stake in Carriage Services during the 2nd quarter valued at approximately $54,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Carriage Services during the second quarter valued at approximately $334,000. 66.46% of the stock is owned by institutional investors.

Carriage Services Trading Down 0.1%

Shares of CSV opened at $34.77 on Thursday. The stock has a market capitalization of $551.80 million, a PE ratio of 12.46, a P/E/G ratio of 0.69 and a beta of 0.84. The company's fifty day moving average is $37.60 and its 200 day moving average is $41.89. 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.

Carriage Services (NYSE:CSV - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.04). Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. The business had revenue of $102.95 million for 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. Sell-side analysts expect that Carriage Services, Inc. will post 3.38 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

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

Analysts Set New Price Targets

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

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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