Northern Trust Corp Purchases 3,629 Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS)

Northern Trust Corp increased its position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,064 shares of the company’s stock after buying an additional 3,629 shares during the period. Northern Trust Corp owned 1.03% of Flexsteel Industries worth $2,938,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FLXS. Aster Capital Management DIFC Ltd bought a new position in Flexsteel Industries during the fourth quarter worth $70,000. SG Americas Securities LLC bought a new position in Flexsteel Industries during the fourth quarter worth $106,000. Wells Fargo & Company MN raised its stake in Flexsteel Industries by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,739 shares of the company’s stock worth $149,000 after buying an additional 620 shares during the last quarter. Semanteon Capital Management LP bought a new position in Flexsteel Industries during the fourth quarter worth $217,000. Finally, Barclays PLC grew its holdings in Flexsteel Industries by 14.2% in the fourth quarter. Barclays PLC now owns 7,018 shares of the company’s stock worth $381,000 after purchasing an additional 871 shares during the period. Institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Trading Down 3.9%

NASDAQ:FLXS opened at $30.34 on Friday. The stock has a market capitalization of $159.98 million, a price-to-earnings ratio of 8.47, a PEG ratio of 1.14 and a beta of 0.41. The firm has a fifty day simple moving average of $34.20 and a two-hundred day simple moving average of $46.49. Flexsteel Industries, Inc. has a 12 month low of $28.81 and a 12 month high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, April 21st. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.25. The business had revenue of $113.97 million during the quarter, compared to analysts’ expectations of $112.24 million. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. Equities analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Wednesday, March 26th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Wednesday, March 26th. Flexsteel Industries’s payout ratio is 26.77%.

Flexsteel Industries Profile

Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.