Nuveen LLC Takes $550,000 Position in Flexsteel Industries, Inc. $FLXS

Key Points

• Nuveen LLC has acquired 15,075 shares of Flexsteel Industries, Inc. (NASDAQ: FLXS), valued at approximately $550,000, and now owns 0.29% of the company as of their latest SEC filing.
• Flexsteel Industries recently boosted its quarterly dividend from $0.17 to $0.20 per share, representing an annualized yield of 1.7% and a payout ratio of 22.60%.
• The company's latest earnings report showed an EPS of $1.40, surpassing analysts' expectations of $0.84, along with revenue of $114.61 million for the quarter.

Nuveen LLC acquired a new position in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,075 shares of the company's stock, valued at approximately $550,000. Nuveen LLC owned 0.29% of Flexsteel Industries as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. US Bancorp DE acquired a new position in Flexsteel Industries in the 1st quarter valued at $26,000. GAMMA Investing LLC boosted its position in shares of Flexsteel Industries by 4,864.0% during the first quarter. GAMMA Investing LLC now owns 1,241 shares of the company's stock valued at $45,000 after buying an additional 1,216 shares during the last quarter. State of Wyoming bought a new stake in shares of Flexsteel Industries in the fourth quarter valued at $52,000. Wells Fargo & Company MN raised its stake in shares of Flexsteel Industries by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,739 shares of the company's stock valued at $149,000 after purchasing an additional 620 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Flexsteel Industries in the 4th quarter worth about $181,000. Institutional investors own 36.27% of the company's stock.

Flexsteel Industries Trading Up 1.6%

Flexsteel Industries stock traded up $0.76 during midday trading on Monday, reaching $49.20. 26,770 shares of the stock traded hands, compared to its average volume of 24,420. The firm has a market cap of $259.28 million, a price-to-earnings ratio of 13.90, a PEG ratio of 1.05 and a beta of 0.33. Flexsteel Industries, Inc. has a fifty-two week low of $29.38 and a fifty-two week high of $65.87. The firm has a fifty day moving average price of $39.03 and a two-hundred day moving average price of $36.64.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its earnings results on Monday, August 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $0.84 by $0.56. Flexsteel Industries had a net margin of 4.57% and a return on equity of 14.74%. The company had revenue of $114.61 million during the quarter, compared to the consensus estimate of $111.93 million. During the same period in the previous year, the firm posted $0.75 earnings per share. Flexsteel Industries has set its Q1 2026 guidance at EPS. Analysts anticipate that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current year.

Flexsteel Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Wednesday, June 25th were issued a $0.20 dividend. This is a boost from Flexsteel Industries's previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, June 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. Flexsteel Industries's dividend payout ratio (DPR) is 22.60%.

Analyst Ratings Changes

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.