Cubist Systematic Strategies LLC Invests $314,000 in Flexsteel Industries, Inc. $FLXS

Cubist Systematic Strategies LLC bought a new position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) during the 1st quarter, Holdings Channel reports. The firm bought 8,612 shares of the company’s stock, valued at approximately $314,000.

Several other large investors also recently made changes to their positions in the business. American Century Companies Inc. grew its holdings in shares of Flexsteel Industries by 18.5% during the first quarter. American Century Companies Inc. now owns 116,368 shares of the company’s stock worth $4,249,000 after purchasing an additional 18,166 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Flexsteel Industries by 7.2% during the fourth quarter. Northern Trust Corp now owns 54,064 shares of the company’s stock worth $2,938,000 after purchasing an additional 3,629 shares during the last quarter. Marion Wealth Management grew its holdings in shares of Flexsteel Industries by 1.2% during the first quarter. Marion Wealth Management now owns 32,048 shares of the company’s stock worth $1,170,000 after purchasing an additional 388 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Flexsteel Industries by 274.7% during the fourth quarter. Nuveen Asset Management LLC now owns 23,202 shares of the company’s stock worth $1,261,000 after purchasing an additional 17,010 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Flexsteel Industries by 55.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,807 shares of the company’s stock worth $913,000 after purchasing an additional 6,005 shares during the last quarter. Institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Stock Down 0.1%

Flexsteel Industries stock opened at $49.54 on Friday. The business’s 50-day simple moving average is $39.92 and its 200 day simple moving average is $36.86. The stock has a market cap of $261.08 million, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.07 and a beta of 0.34. Flexsteel Industries, Inc. has a 12-month low of $29.38 and a 12-month high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last released its earnings results 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. Flexsteel Industries had a return on equity of 14.74% and a net margin of 4.57%.The firm had revenue of $114.61 million for the quarter, compared to analyst estimates of $111.93 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Flexsteel Industries has set its Q1 2026 guidance at EPS. As a group, sell-side analysts expect that Flexsteel Industries, Inc. will post 3.53 EPS for the current year.

Flexsteel Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

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 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.