Flexsteel Industries, Inc. (NASDAQ:FLXS) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its position in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 33.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,202 shares of the company’s stock after buying an additional 24,492 shares during the quarter. American Century Companies Inc.’s holdings in Flexsteel Industries were worth $5,336,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Flexsteel Industries by 26.0% during the 3rd quarter. FMR LLC now owns 37,450 shares of the company’s stock valued at $1,659,000 after purchasing an additional 7,723 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Flexsteel Industries by 84.8% during the third quarter. BNP Paribas Financial Markets now owns 9,531 shares of the company’s stock worth $422,000 after buying an additional 4,373 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Flexsteel Industries by 129.0% during the third quarter. MetLife Investment Management LLC now owns 2,746 shares of the company’s stock worth $122,000 after buying an additional 1,547 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Flexsteel Industries in the third quarter worth approximately $294,000. Finally, State Street Corp increased its holdings in shares of Flexsteel Industries by 17.9% in the third quarter. State Street Corp now owns 58,687 shares of the company’s stock valued at $2,609,000 after buying an additional 8,917 shares in the last quarter. 36.27% of the stock is owned by institutional investors and hedge funds.

Flexsteel Industries Stock Up 0.7 %

FLXS opened at $34.43 on Friday. The firm has a market cap of $181.41 million, a PE ratio of 9.62, a P/E/G ratio of 1.14 and a beta of 0.31. The business has a fifty day simple moving average of $44.80 and a 200-day simple moving average of $50.21. Flexsteel Industries, Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.21. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. On average, equities research analysts anticipate that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 26th. Flexsteel Industries’s dividend payout ratio (DPR) is currently 18.99%.

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.