Trexquant Investment LP Makes New $496,000 Investment in Flexsteel Industries, Inc. $FLXS

Key Points

• Trexquant Investment LP made a new investment of approximately $496,000 in Flexsteel Industries, acquiring 13,596 shares and representing 0.26% ownership at the end of the most recent reporting period.
• Flexsteel Industries reported a strong quarterly earnings result with $1.40 earnings per share, exceeding the analysts' estimates of $0.84, and had a revenue of $114.61 million.
• The company recently increased its quarterly dividend from $0.17 to $0.20 per share, reflecting an annualized dividend payout of $0.80 and a yield of 1.6%.

Trexquant Investment LP bought a new position in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,596 shares of the company's stock, valued at approximately $496,000. Trexquant Investment LP owned 0.26% of Flexsteel Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Flexsteel Industries by 18.5% during 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 last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Flexsteel Industries in the first quarter valued at $58,000. Nuveen LLC purchased a new stake in shares of Flexsteel Industries in the first quarter valued at $550,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Flexsteel Industries by 18.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,241 shares of the company's stock worth $374,000 after acquiring an additional 1,579 shares during the last quarter. Finally, US Bancorp DE acquired a new position in shares of Flexsteel Industries in the first quarter worth $26,000. Institutional investors and hedge funds own 36.27% of the company's stock.

Flexsteel Industries Trading Up 1.2%

NASDAQ:FLXS opened at $49.03 on Tuesday. The stock has a market capitalization of $258.39 million, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.05 and a beta of 0.33. The firm has a 50 day moving average of $39.29 and a 200-day moving average of $36.66. Flexsteel Industries, Inc. has a 1 year low of $29.38 and a 1 year high of $65.87.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last issued 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. The business had revenue of $114.61 million during the quarter, compared to analyst estimates of $111.93 million. Flexsteel Industries had a net margin of 4.57% and a return on equity of 14.74%. During the same quarter last year, the business posted $0.75 earnings per share. Flexsteel Industries has set its Q1 2026 guidance at EPS. As a group, analysts forecast that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Wednesday, June 25th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. This is a boost from Flexsteel Industries's previous quarterly dividend of $0.17. Flexsteel Industries's dividend payout ratio (DPR) is presently 22.60%.

Wall Street Analysts Forecast Growth

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

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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