Shares of Carriage Services, Inc. (NYSE:CSV - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $42.73 and last traded at $42.65, with a volume of 82062 shares trading hands. The stock had previously closed at $40.80.
Analyst Ratings Changes
Separately, Barrington Research reaffirmed an "outperform" rating and issued a $50.00 target price on shares of Carriage Services in a research note on Monday, February 10th.
Get Our Latest Stock Report on Carriage Services
Carriage Services Price Performance
The company has a fifty day simple moving average of $40.24 and a two-hundred day simple moving average of $36.29. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $625.16 million, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.98 and a beta of 0.92.
Carriage Services Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be issued a $0.1125 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.45 annualized dividend and a yield of 1.10%. Carriage Services's dividend payout ratio (DPR) is presently 20.18%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Carriage Services during the 3rd quarter worth $4,310,000. Kingsview Wealth Management LLC acquired a new stake in shares of Carriage Services during the 3rd quarter worth $2,151,000. LSV Asset Management increased its holdings in shares of Carriage Services by 12.4% during the 4th quarter. LSV Asset Management now owns 590,917 shares of the company's stock worth $23,548,000 after buying an additional 65,358 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Carriage Services by 94.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company's stock worth $3,903,000 after buying an additional 57,821 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Carriage Services during the 4th quarter worth $2,272,000. 66.46% of the stock is currently owned by institutional investors and hedge funds.
About Carriage Services
(
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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.
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