Barclays PLC Boosts Holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Barclays PLC lifted its stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,147 shares of the company’s stock after purchasing an additional 1,061 shares during the period. Barclays PLC owned 0.12% of Flexsteel Industries worth $273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. lifted its position in Flexsteel Industries by 185.1% during the 2nd quarter. American Century Companies Inc. now owns 46,521 shares of the company’s stock valued at $1,445,000 after acquiring an additional 30,203 shares during the period. Bank of New York Mellon Corp bought a new stake in Flexsteel Industries during the second quarter valued at approximately $425,000. State Street Corp grew its position in Flexsteel Industries by 17.9% during 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 during the period. FMR LLC grew its position in Flexsteel Industries by 26.0% during the third quarter. FMR LLC now owns 37,450 shares of the company’s stock valued at $1,659,000 after buying an additional 7,723 shares during the period. Finally, Marshall Wace LLP bought a new stake in Flexsteel Industries during the second quarter valued at approximately $217,000. 36.27% of the stock is owned by hedge funds and other institutional investors.

Flexsteel Industries Stock Performance

Shares of NASDAQ FLXS opened at $53.10 on Monday. The firm has a 50 day moving average of $58.53 and a 200 day moving average of $45.84. The company has a current ratio of 2.84, a quick ratio of 1.04 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $276.54 million, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.57 and a beta of 0.41. Flexsteel Industries, Inc. has a 12-month low of $17.55 and a 12-month high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. Flexsteel Industries had a net margin of 3.30% and a return on equity of 10.09%. The business had revenue of $104.01 million for the quarter, compared to the consensus estimate of $101.60 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, research analysts anticipate that Flexsteel Industries, Inc. will post 3.25 earnings per share for the current year.

Flexsteel Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Saturday, December 28th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 27th. Flexsteel Industries’s dividend payout ratio is presently 26.88%.

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.