Strs Ohio Takes Position in Flexsteel Industries, Inc. $FLXS

Strs Ohio bought a new stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,300 shares of the company’s stock, valued at approximately $340,000. Strs Ohio owned approximately 0.18% of Flexsteel Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLXS. Acadian Asset Management LLC lifted its stake in Flexsteel Industries by 32.5% in the first quarter. Acadian Asset Management LLC now owns 51,605 shares of the company’s stock valued at $1,881,000 after acquiring an additional 12,663 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Flexsteel Industries by 7.0% in the 1st quarter. Empowered Funds LLC now owns 24,749 shares of the company’s stock valued at $904,000 after purchasing an additional 1,622 shares during the period. Jones Financial Companies Lllp lifted its stake in Flexsteel Industries by 5,214.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $97,000 after purchasing an additional 2,607 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Flexsteel Industries in the 1st quarter valued at about $474,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Flexsteel Industries by 31.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 22,156 shares of the company’s stock worth $809,000 after purchasing an additional 5,349 shares during the period. 36.27% of the stock is owned by institutional investors.

Flexsteel Industries Trading Down 0.7%

Flexsteel Industries stock opened at $48.42 on Wednesday. The company has a market capitalization of $255.17 million, a price-to-earnings ratio of 13.68, a PEG ratio of 1.06 and a beta of 0.34. Flexsteel Industries, Inc. has a 12 month low of $29.38 and a 12 month high of $65.87. The stock’s 50 day moving average is $41.52 and its 200-day moving average is $37.09.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings results on Monday, August 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.56. The business had revenue of $114.61 million during the quarter, compared to the consensus estimate of $111.93 million. Flexsteel Industries had a return on equity of 14.74% and a net margin of 4.57%.During the same period in the previous year, the company posted $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. As a group, equities research analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $0.80 annualized dividend and a yield of 1.7%. Flexsteel Industries’s payout ratio is 22.60%.

Insiders Place Their Bets

In other Flexsteel Industries news, insider Michael Joseph Mcclaflin sold 2,600 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $46.75, for a total value of $121,550.00. Following the completion of the sale, the insider owned 33,576 shares of the company’s stock, valued at $1,569,678. The trade was a 7.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 15.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th.

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.