Jacobs Levy Equity Management Inc. Purchases 5,349 Shares of 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. raised its position in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 31.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,156 shares of the company's stock after purchasing an additional 5,349 shares during the period. Jacobs Levy Equity Management Inc. owned 0.42% of Flexsteel Industries worth $809,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Marion Wealth Management boosted its holdings in Flexsteel Industries by 1.2% in the 1st quarter. Marion Wealth Management now owns 32,048 shares of the company's stock valued at $1,170,000 after purchasing an additional 388 shares during the period. Rhumbline Advisers boosted its holdings in Flexsteel Industries by 7.8% in the 1st quarter. Rhumbline Advisers now owns 7,788 shares of the company's stock valued at $284,000 after purchasing an additional 565 shares during the period. US Bancorp DE bought a new position in Flexsteel Industries in the 1st quarter valued at $26,000. State of Wyoming bought a new position in Flexsteel Industries in the 4th quarter valued at $52,000. Finally, GAMMA Investing LLC boosted its holdings in Flexsteel Industries by 4,864.0% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the company's stock valued at $45,000 after purchasing an additional 1,216 shares during the period. 36.27% of the stock is owned by institutional investors.

Flexsteel Industries Stock Performance

Shares of NASDAQ:FLXS opened at $48.94 on Friday. 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 of $40.11 and a 200 day moving average of $36.87. The firm 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.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last announced its earnings results on Monday, August 18th. The company reported $1.40 earnings per share (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 company had revenue of $114.61 million during the quarter, compared to analyst estimates of $111.93 million. During the same period in the previous year, the business earned $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 Dividend Announcement

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 $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $0.80 annualized dividend and a yield of 1.6%. Flexsteel Industries's payout ratio is currently 22.60%.

Wall Street Analyst Weigh In

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.

Insiders Place Their Bets

In other Flexsteel Industries news, insider Michael Joseph Mcclaflin sold 2,600 shares of the business's stock in a transaction 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 directly owned 33,576 shares of the company's stock, valued at $1,569,678. The trade was a 7.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 15.60% of the stock is owned by corporate insiders.

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.

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