Flexsteel Industries (NASDAQ:FLXS) Insider Sells $121,550.00 in Stock

Flexsteel Industries, Inc. (NASDAQ:FLXS) insider Michael Joseph Mcclaflin sold 2,600 shares of Flexsteel Industries stock in a transaction 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 transaction, the insider directly owned 33,576 shares of the company’s stock, valued at $1,569,678. This represents a 7.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Flexsteel Industries Price Performance

Shares of NASDAQ FLXS opened at $48.94 on Friday. The stock has a market capitalization of $257.91 million, a PE ratio of 13.82, a P/E/G ratio of 1.07 and a beta of 0.34. The business has a fifty day moving average price of $40.11 and a two-hundred day moving average price of $36.87. Flexsteel Industries, Inc. has a fifty-two week low of $29.38 and a fifty-two week high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, August 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.56. Flexsteel Industries had a return on equity of 14.74% and a net margin of 4.57%.The company had revenue of $114.61 million during the quarter, compared to analysts’ expectations of $111.93 million. During the same quarter in the previous year, the firm earned $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. On average, equities analysts expect that Flexsteel Industries, Inc. will post 3.53 EPS for the current year.

Flexsteel Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. Flexsteel Industries’s payout ratio is 22.60%.

Hedge Funds Weigh In On Flexsteel Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE acquired a new position in Flexsteel Industries in the 1st quarter worth about $26,000. State of Wyoming acquired a new position in Flexsteel Industries in the 4th quarter worth about $52,000. GAMMA Investing LLC increased its holdings in Flexsteel Industries by 4,864.0% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the company’s stock worth $45,000 after purchasing an additional 1,216 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Flexsteel Industries in the 1st quarter worth about $58,000. Finally, Jones Financial Companies Lllp increased its holdings in Flexsteel Industries by 5,214.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $97,000 after purchasing an additional 2,607 shares in the last quarter. Institutional investors and hedge funds own 36.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 30th.

About Flexsteel Industries

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.