Rhumbline Advisers Increases Holdings in Flexsteel Industries, Inc. $FLXS

Rhumbline Advisers increased its stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 7.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,788 shares of the company’s stock after buying an additional 565 shares during the quarter. Rhumbline Advisers owned about 0.15% of Flexsteel Industries worth $284,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new position in Flexsteel Industries during the fourth quarter worth approximately $181,000. Nuveen Asset Management LLC lifted its stake in shares of Flexsteel Industries by 274.7% in the 4th quarter. Nuveen Asset Management LLC now owns 23,202 shares of the company’s stock valued at $1,261,000 after purchasing an additional 17,010 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Flexsteel Industries in the 1st quarter valued at $474,000. Public Employees Retirement System of Ohio lifted its stake in shares of Flexsteel Industries by 223.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,686 shares of the company’s stock valued at $200,000 after purchasing an additional 2,546 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Flexsteel Industries by 40.3% in the 4th quarter. Bank of America Corp DE now owns 4,843 shares of the company’s stock valued at $263,000 after purchasing an additional 1,392 shares during the last quarter. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Insider Activity at Flexsteel Industries

In other news, insider Michael Joseph Mcclaflin sold 2,600 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $46.75, for a total value of $121,550.00. Following the transaction, the insider owned 33,576 shares in the company, valued at approximately $1,569,678. This represents a 7.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 15.60% of the company’s stock.

Flexsteel Industries Trading Down 2.4%

FLXS opened at $46.76 on Friday. The stock’s 50-day moving average price is $41.88 and its 200 day moving average price is $37.22. Flexsteel Industries, Inc. has a 12-month low of $29.38 and a 12-month high of $65.87. The firm has a market cap of $246.43 million, a price-to-earnings ratio of 13.21, a PEG ratio of 1.04 and a beta of 0.34.

Flexsteel Industries (NASDAQ:FLXS) last posted its earnings results on Monday, August 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.56. The firm had revenue of $114.61 million for the quarter, compared to analyst estimates of $111.93 million. Flexsteel Industries had a return on equity of 14.74% and a net margin of 4.57%.During the same quarter in the prior year, the company earned $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. On average, research analysts forecast that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current year.

Flexsteel Industries Dividend Announcement

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

Wall Street Analyst Weigh In

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

About Flexsteel Industries

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.