Acadian Asset Management LLC Increases Stock Holdings in Flexsteel Industries, Inc. $FLXS

Key Points

• Acadian Asset Management LLC increased its holdings in Flexsteel Industries by 32.5%, acquiring 12,663 shares to reach a total of 51,605 shares, valued at approximately $1.88 million.
• Wall Street Zen upgraded Flexsteel Industries' rating from "buy" to "strong-buy" on August 30th.
• Flexsteel Industries announced a quarterly dividend of $0.20 per share, with a payout date set for October 6th, representing an annualized yield of 1.7%.

Acadian Asset Management LLC boosted its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 32.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,605 shares of the company's stock after purchasing an additional 12,663 shares during the quarter. Acadian Asset Management LLC owned about 0.98% of Flexsteel Industries worth $1,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLXS. Deutsche Bank AG purchased a new stake in Flexsteel Industries in the fourth quarter valued at approximately $181,000. Nuveen Asset Management LLC boosted its holdings in shares of Flexsteel Industries by 274.7% in the fourth quarter. Nuveen Asset Management LLC now owns 23,202 shares of the company's stock valued at $1,261,000 after acquiring an additional 17,010 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Flexsteel Industries in the first quarter valued at approximately $474,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Flexsteel Industries by 223.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,686 shares of the company's stock valued at $200,000 after acquiring an additional 2,546 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Flexsteel Industries by 40.3% in the fourth quarter. Bank of America Corp DE now owns 4,843 shares of the company's stock valued at $263,000 after acquiring an additional 1,392 shares during the period. 36.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Flexsteel Industries

In related news, insider Michael Joseph Mcclaflin sold 2,600 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $46.75, for a total transaction of $121,550.00. Following the sale, the insider owned 33,576 shares of the company's stock, valued at $1,569,678. This trade represents a 7.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is currently owned by insiders.

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 Stock Down 6.7%

Shares of Flexsteel Industries stock traded down $3.48 on Friday, hitting $48.26. The company's stock had a trading volume of 71,835 shares, compared to its average volume of 35,447. Flexsteel Industries, Inc. has a 52-week low of $29.38 and a 52-week high of $65.87. The firm has a fifty day moving average price of $41.12 and a 200-day moving average price of $37.02. The company has a market capitalization of $254.33 million, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 1.12 and a beta of 0.34.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last released its quarterly earnings data 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 business had revenue of $114.61 million for the quarter, compared to analyst estimates of $111.93 million. During the same period in the previous year, the firm earned $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. As a group, analysts expect that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current 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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend 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 (DPR) is presently 22.60%.

Flexsteel Industries Company 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.