Cubist Systematic Strategies LLC Makes New $314,000 Investment 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 acquired a new position in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,612 shares of the company's stock, valued at approximately $314,000. Cubist Systematic Strategies LLC owned approximately 0.16% of Flexsteel Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in FLXS. US Bancorp DE purchased a new position in shares of Flexsteel Industries in the 1st quarter valued at about $26,000. GAMMA Investing LLC increased its holdings in Flexsteel Industries by 4,864.0% in 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 in the last quarter. State of Wyoming purchased a new position in Flexsteel Industries in the fourth quarter valued at about $52,000. Russell Investments Group Ltd. purchased a new position in Flexsteel Industries in the first quarter valued at about $58,000. Finally, Deutsche Bank AG purchased a new position in Flexsteel Industries in the fourth quarter valued at about $181,000. Hedge funds and other institutional investors own 36.27% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, insider Michael Joseph Mcclaflin sold 2,600 shares of Flexsteel Industries stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $46.75, for a total transaction of $121,550.00. Following the completion of the sale, the insider owned 33,576 shares in the company, valued at approximately $1,569,678. This trade represents a 7.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.60% of the company's stock.

Flexsteel Industries Stock Performance

NASDAQ:FLXS traded up $0.27 during mid-day trading on Wednesday, hitting $47.78. 33,352 shares of the company's stock traded hands, compared to its average volume of 33,615. The firm's 50 day simple moving average is $40.67 and its 200 day simple moving average is $36.92. Flexsteel Industries, Inc. has a 1 year low of $29.38 and a 1 year high of $65.87. The company has a market cap of $251.80 million, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.03 and a beta of 0.34.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the company posted $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. On average, research analysts expect that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Wednesday, September 24th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, September 24th. Flexsteel Industries's dividend payout ratio (DPR) is currently 22.60%.

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.