Nuveen Asset Management LLC raised its position in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 274.7% in the fourth quarter, according to its most recent disclosure with the SEC. 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 approximately 0.44% of Flexsteel Industries worth $1,261,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in Flexsteel Industries in the fourth quarter valued at approximately $70,000. SG Americas Securities LLC acquired a new stake in Flexsteel Industries in the fourth quarter valued at approximately $106,000. Wells Fargo & Company MN grew its stake in Flexsteel Industries by 29.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,739 shares of the company's stock valued at $149,000 after acquiring an additional 620 shares during the period. Deutsche Bank AG acquired a new stake in Flexsteel Industries in the fourth quarter valued at approximately $181,000. Finally, Semanteon Capital Management LP bought a new position in shares of Flexsteel Industries in the fourth quarter valued at approximately $217,000. Institutional investors and hedge funds own 36.27% of the company's stock.
Flexsteel Industries Price Performance
Shares of FLXS stock traded up $0.74 during trading hours on Friday, reaching $30.34. The company had a trading volume of 13,253 shares, compared to its average volume of 29,594. Flexsteel Industries, Inc. has a 12 month low of $28.81 and a 12 month high of $65.87. The business has a fifty day simple moving average of $32.63 and a 200-day simple moving average of $44.48. The company has a market cap 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 0.36.
Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its earnings results on Monday, April 21st. The company reported $1.13 earnings per share for the quarter, beating 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 analyst estimates of $112.24 million. On average, equities research analysts expect that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current year.
Flexsteel Industries Profile
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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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