American Century Companies Inc. Raises Stock Position in Flexsteel Industries, Inc. $FLXS

Key Points

• American Century Companies Inc. increased its stake in Flexsteel Industries by 18.5%, owning approximately 2.21% of the company, valued at $4,249,000.
• Flexsteel reported an earnings per share (EPS) of $1.40 for the last quarter, exceeding analyst expectations by $0.56, alongside a revenue of $114.61 million.
• The company also raised its quarterly dividend to $0.20, marking an increase from the previous $0.17, resulting in an annualized dividend of $0.80 with a yield of 1.7%.

American Century Companies Inc. increased its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 18.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,368 shares of the company's stock after purchasing an additional 18,166 shares during the period. American Century Companies Inc. owned approximately 2.21% of Flexsteel Industries worth $4,249,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Nuveen Asset Management LLC grew 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 worth $1,261,000 after buying an additional 17,010 shares in the last quarter. Nuveen LLC bought a new position in shares of Flexsteel Industries in the 1st quarter valued at about $550,000. Raymond James Financial Inc. purchased a new position in Flexsteel Industries in the fourth quarter worth about $414,000. Ameriprise Financial Inc. bought a new stake in Flexsteel Industries during the fourth quarter worth approximately $348,000. Finally, Jacobs Levy Equity Management Inc. raised its position in Flexsteel Industries by 55.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,807 shares of the company's stock valued at $913,000 after purchasing an additional 6,005 shares during the period. Hedge funds and other institutional investors own 36.27% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Flexsteel Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday.

Flexsteel Industries Price Performance

Shares of NASDAQ:FLXS traded down $0.36 during trading hours on Wednesday, hitting $46.34. 17,124 shares of the company's stock traded hands, compared to its average volume of 24,122. The firm has a market capitalization of $244.35 million, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.00 and a beta of 0.34. The business has a fifty day moving average price of $38.39 and a 200-day moving average price of $36.79. Flexsteel Industries, Inc. has a 1 year low of $29.38 and a 1 year high of $65.87.

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

Flexsteel Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. This is a positive change from Flexsteel Industries's previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, June 25th. Flexsteel Industries's dividend payout ratio is 22.60%.

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.