Punch & Associates Investment Management Inc. Purchases 17,051 Shares of Carriage Services, Inc. $CSV

Punch & Associates Investment Management Inc. lifted its position in shares of Carriage Services, Inc. (NYSE:CSV) by 6.9% during the first quarter, Holdings Channel.com reports. The firm owned 263,750 shares of the company’s stock after purchasing an additional 17,051 shares during the period. Punch & Associates Investment Management Inc.’s holdings in Carriage Services were worth $12,043,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CSV. JPMorgan Chase & Co. raised its holdings in Carriage Services by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 121,273 shares of the company’s stock worth $5,401,000 after buying an additional 24,752 shares during the last quarter. Swedbank AB acquired a new position in shares of Carriage Services during the first quarter valued at about $3,753,000. North Star Investment Management Corp. acquired a new position in shares of Carriage Services during the fourth quarter valued at about $550,000. R Squared Ltd increased its position in shares of Carriage Services by 6.1% during the first quarter. R Squared Ltd now owns 17,375 shares of the company’s stock worth $793,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Carriage Services by 3.3% during the first quarter. Janney Montgomery Scott LLC now owns 9,939 shares of the company’s stock worth $454,000 after acquiring an additional 321 shares in the last quarter. 66.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CSV. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a report on Monday, April 27th. Weiss Ratings downgraded Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.67.

Carriage Services Stock Performance

NYSE CSV opened at $38.91 on Friday. The company has a fifty day moving average price of $39.43 and a 200-day moving average price of $42.91. The firm has a market cap of $617.58 million, a price-to-earnings ratio of 14.10, a PEG ratio of 0.73 and a beta of 0.84. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 0.99. Carriage Services, Inc. has a 1 year low of $36.39 and a 1 year high of $52.10.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. The company had revenue of $106.12 million for the quarter, compared to analyst estimates of $111.39 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, equities research analysts predict that Carriage Services, Inc. will post 3.45 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 paid a $0.1125 dividend. The ex-dividend date is Monday, August 3rd. This represents a $0.45 annualized dividend and a yield of 1.2%. Carriage Services’s dividend payout ratio (DPR) is 16.30%.

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.