Jacobs Levy Equity Management Inc. Grows Stock Position in Flexsteel Industries, Inc. $FLXS

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Flexsteel Industries by 31.8%, acquiring an additional 5,349 shares, bringing its total to 22,156 shares valued at approximately $809,000.
• Flexsteel Industries reported strong earnings results, with $1.40 EPS for the quarter, exceeding analyst estimates of $0.84, alongside a revenue of $114.61 million.
• The company also announced a quarterly dividend of $0.20, set to be paid on October 6th, with an annualized yield of 1.6% and a payout ratio of 22.60%.

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 31.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,156 shares of the company's stock after acquiring an additional 5,349 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.42% of Flexsteel Industries worth $809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Marion Wealth Management increased its position in Flexsteel Industries by 1.2% in the first quarter. Marion Wealth Management now owns 32,048 shares of the company's stock worth $1,170,000 after buying an additional 388 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Flexsteel Industries by 7.8% in the first quarter. Rhumbline Advisers now owns 7,788 shares of the company's stock worth $284,000 after acquiring an additional 565 shares during the period. US Bancorp DE bought a new position in shares of Flexsteel Industries in the first quarter worth $26,000. State of Wyoming bought a new position in shares of Flexsteel Industries in the fourth quarter worth $52,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Flexsteel Industries by 4,864.0% in the first quarter. GAMMA Investing LLC now owns 1,241 shares of the company's stock worth $45,000 after acquiring an additional 1,216 shares during the period. 36.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Flexsteel Industries Price Performance

NASDAQ FLXS traded up $3.96 during trading hours on Thursday, reaching $51.74. 78,943 shares of the stock traded hands, compared to its average volume of 32,952. The stock has a 50 day simple moving average of $40.91 and a two-hundred day simple moving average of $36.98. 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 $272.67 million, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.34.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The company reported $1.40 earnings per share 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 business had revenue of $114.61 million for the quarter, compared to the consensus estimate of $111.93 million. During the same quarter last year, the business posted $0.75 earnings per share. Flexsteel Industries has set its Q1 2026 guidance at EPS. On average, sell-side analysts forecast that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. Flexsteel Industries's payout ratio is currently 22.60%.

Insider Activity at Flexsteel Industries

In other 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 value of $121,550.00. Following the transaction, the insider owned 33,576 shares in the company, valued at approximately $1,569,678. The trade was a 7.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.60% of the company's stock.

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.