Trexquant Investment LP Acquires New Shares 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 acquired 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 and Exchange Commission. The fund acquired 13,596 shares of the company's stock, valued at approximately $496,000. Trexquant Investment LP owned about 0.26% of Flexsteel Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FLXS. Price T Rowe Associates Inc. MD lifted its holdings in shares of Flexsteel Industries by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,219 shares of the company's stock worth $556,000 after acquiring an additional 226 shares during the last quarter. Northern Trust Corp increased its stake in shares of Flexsteel Industries by 7.2% in the fourth quarter. Northern Trust Corp now owns 54,064 shares of the company's stock worth $2,938,000 after buying an additional 3,629 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Flexsteel Industries in the fourth quarter worth $348,000. Bank of America Corp DE increased its stake in shares of Flexsteel Industries by 40.3% in the fourth quarter. Bank of America Corp DE now owns 4,843 shares of the company's stock worth $263,000 after buying an additional 1,392 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Flexsteel Industries in the fourth quarter worth $181,000. 36.27% of the stock is currently owned by institutional investors.

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 note on Saturday, August 30th.

Insider Transactions at Flexsteel Industries

In related news, insider Michael Joseph Mcclaflin sold 2,600 shares of the stock in a transaction that occurred 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 approximately $1,569,678. This represents a 7.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 15.60% of the company's stock.

Flexsteel Industries Stock Down 1.2%

FLXS traded down $0.60 during midday trading on Friday, hitting $48.94. 22,076 shares of the company traded hands, compared to its average volume of 44,051. 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. The company's 50-day moving average is $40.11 and its 200 day moving average is $36.80. Flexsteel Industries, Inc. has a 52 week low of $29.38 and a 52 week high of $65.87.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its earnings results on Monday, August 18th. The company reported $1.40 earnings per share (EPS) 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 business had revenue of $114.61 million for the quarter, compared to analysts' expectations of $111.93 million. During the same quarter in the prior year, the business earned $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. On average, sell-side analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Wednesday, September 24th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 24th. Flexsteel Industries's dividend payout ratio is currently 22.60%.

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.