Cubist Systematic Strategies LLC Takes Position in Flexsteel Industries, Inc. $FLXS

Key Points

• Cubist Systematic Strategies LLC acquired 8,612 shares of Flexsteel Industries, valued at approximately $314,000, representing 0.16% of the company's stock.
• Flexsteel Industries reported $1.40 EPS for the quarter, exceeding estimates, along with a revenue of $114.61 million.
• The company announced a quarterly dividend of $0.20 per share, resulting in an annualized yield of 1.6% and a payout ratio of 22.60%.

Cubist Systematic Strategies LLC bought a new stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,612 shares of the company's stock, valued at approximately $314,000. Cubist Systematic Strategies LLC owned approximately 0.16% of Flexsteel Industries at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Marion Wealth Management boosted its stake in shares of Flexsteel Industries by 1.2% during the 1st quarter. Marion Wealth Management now owns 32,048 shares of the company's stock valued at $1,170,000 after purchasing an additional 388 shares in the last quarter. Rhumbline Advisers lifted its position in Flexsteel Industries by 7.8% during the 1st quarter. Rhumbline Advisers now owns 7,788 shares of the company's stock valued at $284,000 after acquiring an additional 565 shares during the period. US Bancorp DE purchased a new position in Flexsteel Industries during the 1st quarter valued at about $26,000. State of Wyoming purchased a new position in Flexsteel Industries during the 4th quarter valued at about $52,000. Finally, GAMMA Investing LLC lifted its position in Flexsteel Industries by 4,864.0% during the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the company's stock valued at $45,000 after acquiring an additional 1,216 shares during the period. Institutional investors own 36.27% of the company's stock.

Flexsteel Industries Price Performance

NASDAQ FLXS traded down $0.60 during trading hours on Friday, reaching $48.94. 22,076 shares of the company's stock traded hands, compared to its average volume of 44,051. Flexsteel Industries, Inc. has a 52-week low of $29.38 and a 52-week high of $65.87. The firm has a market cap of $257.91 million, a PE ratio of 13.82, a PEG ratio of 1.07 and a beta of 0.34. The firm has a 50-day simple moving average of $40.11 and a 200 day simple moving average of $36.74.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last issued 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 business had revenue of $114.61 million during the quarter, compared to analysts' expectations of $111.93 million. Flexsteel Industries had a net margin of 4.57% and a return on equity of 14.74%. During the same period in the previous year, the company earned $0.75 earnings per share. Flexsteel Industries has set its Q1 2026 guidance at EPS. Sell-side analysts forecast that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $0.80 annualized dividend and a yield of 1.6%. Flexsteel Industries's payout ratio is 22.60%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Flexsteel Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th.

Insider Transactions at Flexsteel Industries

In other Flexsteel Industries news, insider Michael Joseph Mcclaflin sold 2,600 shares of Flexsteel Industries 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 transaction, the insider directly owned 33,576 shares of the company's stock, valued at approximately $1,569,678. The trade was a 7.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.60% of the company's stock.

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.