Carriage Services (NYSE:CSV) Reaches New 52-Week High – Still a Buy?

Carriage Services, Inc. (NYSE:CSV) shares hit a new 52-week high during trading on Monday . The stock traded as high as $40.91 and last traded at $40.42, with a volume of 5066 shares trading hands. The stock had previously closed at $40.55.

Analyst Ratings Changes

Separately, Barrington Research boosted their price objective on shares of Carriage Services from $39.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st.

Carriage Services Trading Down 0.5 %

The firm has a market capitalization of $613.97 million, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.08 and a beta of 0.91. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The firm’s 50-day simple moving average is $35.09 and its 200 day simple moving average is $31.48.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.45 by $0.19. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The business had revenue of $100.69 million during the quarter, compared to the consensus estimate of $93.49 million. During the same period in the previous year, the business earned $0.33 earnings per share. Equities analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.45 annualized dividend and a dividend yield of 1.12%. Carriage Services’s dividend payout ratio (DPR) is presently 20.18%.

Insider Transactions at Carriage Services

In related news, VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the sale, the vice president now directly owns 34,166 shares in the company, valued at $1,290,791.48. This represents a 12.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 12.10% of the company’s stock.

Institutional Trading of Carriage Services

Institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in Carriage Services by 46.6% during the third quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after acquiring an additional 271 shares during the last quarter. nVerses Capital LLC boosted its position in shares of Carriage Services by 550.0% during the 2nd quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock worth $35,000 after purchasing an additional 1,100 shares in the last quarter. Point72 DIFC Ltd boosted its position in shares of Carriage Services by 613.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock worth $50,000 after purchasing an additional 1,600 shares in the last quarter. Perritt Capital Management Inc boosted its position in shares of Carriage Services by 5,001.0% during the 2nd quarter. Perritt Capital Management Inc now owns 5,101 shares of the company’s stock worth $137,000 after purchasing an additional 5,001 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Carriage Services by 1,074.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock worth $154,000 after purchasing an additional 4,297 shares in the last quarter. Institutional investors own 66.46% of the company’s stock.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.