RMG Wealth Management LLC Purchases Shares of 6,412 Flexsteel Industries, Inc. $FLXS

Key Points

• RMG Wealth Management LLC has purchased a new stake in Flexsteel Industries, acquiring 6,412 shares valued at approximately $242,000, representing about 0.12% ownership of the company.
• Several institutional investors have increased their stakes in Flexsteel Industries, with American Century Companies raising its position by 18.5% and Acadian Asset Management increasing its holdings by 32.5% in the first quarter.
• Flexsteel Industries recently declared a quarterly dividend of $0.20, with a yield of 1.9%, reflecting a payout ratio of 22.6%.

RMG Wealth Management LLC purchased a new stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,412 shares of the company's stock, valued at approximately $242,000. RMG Wealth Management LLC owned about 0.12% of Flexsteel Industries at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. increased its position in Flexsteel Industries by 18.5% in the 1st quarter. American Century Companies Inc. now owns 116,368 shares of the company's stock valued at $4,249,000 after acquiring an additional 18,166 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Flexsteel Industries by 32.5% during the first quarter. Acadian Asset Management LLC now owns 51,605 shares of the company's stock valued at $1,881,000 after purchasing an additional 12,663 shares during the period. Empowered Funds LLC increased its holdings in shares of Flexsteel Industries by 7.0% during the first quarter. Empowered Funds LLC now owns 24,749 shares of the company's stock valued at $904,000 after purchasing an additional 1,622 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of 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. Finally, Nuveen LLC acquired a new stake in Flexsteel Industries in the first quarter worth about $550,000. 36.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on FLXS. Weiss Ratings reissued a "buy (b-)" rating on shares of Flexsteel Industries in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Flexsteel Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Flexsteel Industries Trading Down 4.9%

Shares of Flexsteel Industries stock opened at $42.98 on Tuesday. Flexsteel Industries, Inc. has a 52 week low of $29.38 and a 52 week high of $65.87. The stock has a market cap of $226.50 million, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.98 and a beta of 0.51. The company's 50-day moving average price is $43.05 and its two-hundred day moving average price is $37.50.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The company reported $1.40 earnings per share for the quarter, beating 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 quarter last year, the firm posted $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. On average, equities analysts predict that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th were given a $0.20 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $0.80 annualized dividend and a yield of 1.9%. Flexsteel Industries's payout ratio is 22.60%.

Insider Activity

In other news, insider Michael Joseph Mcclaflin sold 2,600 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $46.75, for a total transaction of $121,550.00. Following the completion of the sale, the insider owned 33,576 shares in the company, valued at approximately $1,569,678. This represents a 7.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.60% of the company's stock.

Flexsteel Industries 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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