Parvin Asset Management LLC Acquires Shares of 19,170 Carriage Services, Inc. $CSV

Parvin Asset Management LLC purchased a new position in Carriage Services, Inc. (NYSE:CSV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,170 shares of the company’s stock, valued at approximately $735,000. Parvin Asset Management LLC owned about 0.12% of Carriage Services as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CSV. BlackRock Inc. bought a new stake in Carriage Services in the second quarter worth about $42,164,000. Vanguard Group Inc. grew its position in shares of Carriage Services by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company’s stock valued at $45,483,000 after acquiring an additional 38,738 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Carriage Services by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 610,346 shares of the company’s stock worth $27,867,000 after purchasing an additional 3,520 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Carriage Services by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company’s stock worth $21,414,000 after purchasing an additional 3,550 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Carriage Services by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 386,018 shares of the company’s stock valued at $16,333,000 after purchasing an additional 5,870 shares during the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CSV. Weiss Ratings lowered Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Zacks Research cut Carriage Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Raymond James Financial set a $50.00 price target on Carriage Services in a research note on Friday, August 7th. Oppenheimer initiated coverage on Carriage Services in a report on Thursday, August 13th. They issued an “outperform” rating and a $48.00 price objective for the company. Finally, Roth Capital set a $46.00 price objective on Carriage Services in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Carriage Services presently has an average rating of “Hold” and an average target price of $51.00.

Carriage Services Price Performance

Shares of NYSE CSV opened at $34.77 on Thursday. The stock’s 50-day simple moving average is $37.60 and its two-hundred day simple moving average is $41.89. Carriage Services, Inc. has a twelve month low of $33.33 and a twelve month high of $52.10. The firm has a market capitalization of $551.80 million, a P/E ratio of 12.46, a P/E/G ratio of 0.69 and a beta of 0.84. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92.

Carriage Services (NYSE:CSV) last issued its quarterly 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). 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. As a group, equities analysts anticipate that Carriage Services, Inc. will post 3.38 EPS for the current fiscal year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be given 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 payout ratio is presently 16.13%.

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.