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

Several other institutional investors have also added to or reduced their stakes in FLXS. Jacobs Levy Equity Management Inc. raised its stake in Flexsteel Industries by 31.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 22,156 shares of the company's stock valued at $809,000 after purchasing an additional 5,349 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Flexsteel Industries in the 1st quarter valued at approximately $221,000. Cubist Systematic Strategies LLC bought a new stake in shares of Flexsteel Industries in the 1st quarter valued at approximately $314,000. Trexquant Investment LP purchased a new position in shares of Flexsteel Industries in the 1st quarter worth approximately $496,000. Finally, American Century Companies Inc. increased its position in shares of Flexsteel Industries by 18.5% during the 1st quarter. American Century Companies Inc. now owns 116,368 shares of the company's stock valued at $4,249,000 after purchasing an additional 18,166 shares during the last quarter. Hedge funds and other institutional investors own 36.27% of the company's stock.

Flexsteel Industries Price Performance

FLXS stock traded down $0.60 during mid-day trading on Friday, reaching $48.94. The company had a trading volume of 22,076 shares, compared to its average volume of 44,051. The company has a market capitalization of $257.91 million, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.34. The firm has a 50 day moving average of $40.11 and a 200 day moving average of $36.80. Flexsteel Industries, Inc. has a 12 month low of $29.38 and a 12 month high of $65.87.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $111.93 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. Flexsteel Industries has set its Q1 2026 guidance at EPS. Analysts anticipate that Flexsteel Industries, Inc. will post 3.53 EPS for the current year.

Flexsteel Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 24th. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Flexsteel Industries's dividend payout ratio (DPR) is currently 22.60%.

Analyst Ratings Changes

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

Insider Buying and Selling at Flexsteel Industries

In other news, insider Michael Joseph Mcclaflin sold 2,600 shares of the company's stock in a transaction that occurred on 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 sale, the insider owned 33,576 shares of the company's stock, valued at approximately $1,569,678. This represents a 7.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.60% of the stock is owned by insiders.

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.