Nuveen Asset Management LLC grew its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 274.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,202 shares of the company's stock after acquiring an additional 17,010 shares during the period. Nuveen Asset Management LLC owned about 0.44% of Flexsteel Industries worth $1,261,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in FLXS. Aster Capital Management DIFC Ltd purchased a new stake in Flexsteel Industries during the 4th quarter worth $70,000. SG Americas Securities LLC bought a new stake in shares of Flexsteel Industries in the 4th quarter worth about $106,000. Wells Fargo & Company MN increased its position in shares of Flexsteel Industries by 29.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,739 shares of the company's stock worth $149,000 after purchasing an additional 620 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Flexsteel Industries in the 4th quarter valued at about $181,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Flexsteel Industries in the 4th quarter valued at about $217,000. Institutional investors and hedge funds own 36.27% of the company's stock.
Flexsteel Industries Price Performance
NASDAQ:FLXS traded up $0.74 during mid-day trading on Friday, reaching $30.34. The stock had a trading volume of 13,253 shares, compared to its average volume of 29,481. The company has a market capitalization of $159.98 million, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.14 and a beta of 0.41. Flexsteel Industries, Inc. has a 1-year low of $28.81 and a 1-year high of $65.87. The stock's 50 day simple moving average is $32.76 and its two-hundred day simple moving average is $44.77.
Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last released its earnings results on Monday, April 21st. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.25. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. The company had revenue of $113.97 million for the quarter, compared to the consensus estimate of $112.24 million. Sell-side analysts anticipate that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.
About Flexsteel Industries
(
Free Report)
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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