Invesco Ltd. Sells 1,183 Shares of Flexsteel Industries, Inc. $FLXS

Invesco Ltd. lowered its stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,631 shares of the company’s stock after selling 1,183 shares during the period. Invesco Ltd.’s holdings in Flexsteel Industries were worth $498,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 buying an additional 1,579 shares during the period. US Bancorp DE purchased a new position in shares of Flexsteel Industries in the first quarter worth about $26,000. Rhumbline Advisers increased its holdings in shares of Flexsteel Industries by 7.8% in the first quarter. Rhumbline Advisers now owns 7,788 shares of the company’s stock worth $284,000 after buying an additional 565 shares during the period. Marion Wealth Management increased its holdings in shares of Flexsteel Industries by 1.2% in the first quarter. Marion Wealth Management now owns 32,048 shares of the company’s stock worth $1,170,000 after buying an additional 388 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Flexsteel Industries by 4,864.0% in the first quarter. GAMMA Investing LLC now owns 1,241 shares of the company’s stock worth $45,000 after buying an additional 1,216 shares during the period. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Stock Performance

Flexsteel Industries stock opened at $48.44 on Friday. The stock’s 50 day simple moving average is $39.03 and its two-hundred day simple moving average is $36.81. The stock has a market cap of $255.28 million, a price-to-earnings ratio of 13.68, a PEG ratio of 1.01 and a beta of 0.34. 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 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. The business had revenue of $114.61 million for the quarter, compared to analysts’ expectations of $111.93 million. Flexsteel Industries had a return on equity of 14.74% and a net margin of 4.57%.During the same period in the previous year, the firm posted $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. On average, analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current year.

Flexsteel Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 25th. This is a positive change from Flexsteel Industries’s previous quarterly dividend of $0.17. Flexsteel Industries’s payout ratio is presently 22.60%.

Analysts Set New Price Targets

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

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.