Heartland Advisors Inc. Makes New $7.95 Million Investment in Carriage Services, Inc. $CSV

Heartland Advisors Inc. acquired a new stake in Carriage Services, Inc. (NYSE:CSV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 207,300 shares of the company’s stock, valued at approximately $7,948,000.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Carriage Services in the third quarter worth about $29,000. PNC Financial Services Group Inc. grew 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 valued at $36,000 after purchasing an additional 264 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after purchasing an additional 868 shares in the last quarter. Optiver Holding B.V. increased its holdings in Carriage Services by 2,195.1% during the 1st quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock worth $43,000 after purchasing an additional 900 shares during the last quarter. Finally, Quarry LP purchased a new stake in Carriage Services during the 3rd quarter worth approximately $51,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.

Carriage Services Trading Up 0.0%

Shares of NYSE CSV 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’s 50 day moving average price is $37.83 and its two-hundred day moving average price is $42.08. Carriage Services, Inc. has a 52-week low of $33.33 and a 52-week high of $52.10. The stock has a market capitalization of $548.15 million, a P/E ratio of 12.38, a PEG ratio of 0.68 and a beta of 0.84.

Carriage Services (NYSE:CSV) 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). Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.The firm had revenue of $102.95 million during the quarter, compared to analyst estimates of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, analysts anticipate that Carriage Services, Inc. will post 3.38 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a dividend of $0.1125 per share. 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

CSV has been the topic of a number of recent analyst reports. Zacks Research lowered Carriage Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Oppenheimer assumed 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 for the company. Weiss Ratings lowered shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Carriage Services in a report on Monday, April 27th. Finally, Raymond James Financial set a $50.00 price objective on shares of Carriage Services in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.