Dynamic Technology Lab Private Ltd Makes New Investment in Flexsteel Industries, Inc. $FLXS

Key Points

• Dynamic Technology Lab Private Ltd acquired 12,966 shares of Flexsteel Industries, Inc. valued at approximately $474,000, increasing their ownership to 0.25% of the company.
• Flexsteel Industries recently reported earnings of $1.40 per share, exceeding analysts' expectations and generating revenue of $114.61 million, which also surpassed forecasts.
• The company announced a quarterly dividend of $0.20 per share, set to be paid on October 6th, resulting in an annualized yield of 1.6%.

Dynamic Technology Lab Private Ltd bought a new position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,966 shares of the company's stock, valued at approximately $474,000. Dynamic Technology Lab Private Ltd owned 0.25% of Flexsteel Industries as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Flexsteel Industries by 18.5% in the first quarter. American Century Companies Inc. now owns 116,368 shares of the company's stock valued at $4,249,000 after acquiring an additional 18,166 shares during the period. Northern Trust Corp boosted its position in shares of Flexsteel Industries by 7.2% in the fourth quarter. Northern Trust Corp now owns 54,064 shares of the company's stock valued at $2,938,000 after acquiring an additional 3,629 shares during the period. Marion Wealth Management boosted its position in shares of Flexsteel Industries by 1.2% in the first quarter. Marion Wealth Management now owns 32,048 shares of the company's stock valued at $1,170,000 after acquiring an additional 388 shares during the period. Nuveen Asset Management LLC boosted its position 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. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Flexsteel Industries by 31.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 22,156 shares of the company's stock valued at $809,000 after acquiring an additional 5,349 shares during the period. Institutional investors own 36.27% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at Flexsteel Industries

In other Flexsteel Industries news, insider Michael Joseph Mcclaflin sold 2,600 shares of Flexsteel Industries stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $46.75, for a total transaction of $121,550.00. Following the transaction, the insider directly owned 33,576 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Company insiders own 15.60% of the company's stock.

Flexsteel Industries Stock Performance

FLXS traded down $0.99 on Tuesday, reaching $47.51. The company had a trading volume of 22,600 shares, compared to its average volume of 41,750. The business has a 50 day simple moving average of $40.49 and a 200 day simple moving average of $36.84. The company has a market cap of $250.38 million, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.05 and a beta of 0.34. Flexsteel Industries, Inc. has a 52-week low of $29.38 and a 52-week high of $65.87.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its quarterly 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. The firm had revenue of $114.61 million for the quarter, compared to the consensus estimate 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 firm posted $0.75 earnings per share. Flexsteel Industries has set its Q1 2026 guidance at EPS. As a group, equities research analysts predict that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders 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 annualized dividend and a dividend yield of 1.7%. Flexsteel Industries's dividend payout ratio (DPR) 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.