Carriage Services (NYSE:CSV) Hits New 12-Month High - What's Next?

Carriage Services, Inc. (NYSE:CSV - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $42.67 and last traded at $42.02, with a volume of 14423 shares traded. The stock had previously closed at $41.73.

Analyst Ratings Changes

Separately, Barrington Research upped their target price on shares of Carriage Services from $45.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th.

Carriage Services Stock Down 0.9 %

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 company's 50-day simple moving average is $40.06 and its 200 day simple moving average is $35.51. The firm has a market cap of $616.24 million, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be given a dividend of $0.1125 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.45 annualized dividend and a yield of 1.11%. Carriage Services's dividend payout ratio (DPR) is currently 20.18%.

Insider Buying and Selling at Carriage Services

In other news, VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the vice president now owns 34,166 shares of the company's stock, valued at approximately $1,290,791.48. This represents a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carriage Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its stake in Carriage Services by 46.6% in the 3rd quarter. FMR LLC now owns 852 shares of the company's stock worth $28,000 after buying an additional 271 shares during the period. R Squared Ltd purchased a new position in Carriage Services during the 4th quarter valued at about $65,000. Point72 Asset Management L.P. increased its position in 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 valued at $154,000 after purchasing an additional 4,297 shares during the period. Verition Fund Management LLC purchased a new position in Carriage Services during the 3rd quarter valued at about $204,000. Finally, SG Americas Securities LLC purchased a new position in Carriage Services during the 3rd quarter valued at about $207,000. Hedge funds and other institutional investors own 66.46% of the company's stock.

About Carriage Services

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.