Ritholtz Wealth Management Grows Position in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Ritholtz Wealth Management increased its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 35.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,144 shares of the company’s stock after acquiring an additional 3,728 shares during the quarter. Ritholtz Wealth Management owned about 0.27% of Flexsteel Industries worth $769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FLXS. American Century Companies Inc. raised its holdings in Flexsteel Industries by 185.1% in the second quarter. American Century Companies Inc. now owns 46,521 shares of the company’s stock worth $1,445,000 after purchasing an additional 30,203 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Flexsteel Industries by 226.6% during the third quarter. JPMorgan Chase & Co. now owns 21,408 shares of the company’s stock valued at $948,000 after acquiring an additional 14,853 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Flexsteel Industries during the second quarter valued at $425,000. State Street Corp increased its holdings in shares of 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 acquiring an additional 8,917 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of 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 acquiring an additional 7,723 shares in the last quarter. Institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Price Performance

Shares of NASDAQ:FLXS opened at $50.64 on Tuesday. Flexsteel Industries, Inc. has a 1-year low of $25.10 and a 1-year high of $65.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.84 and a quick ratio of 1.04. The business has a fifty day moving average price of $56.72 and a 200-day moving average price of $47.44. The company has a market capitalization of $263.73 million, a PE ratio of 20.02, a PEG ratio of 1.24 and a beta of 0.41.

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 return on equity of 10.09% and a net margin of 3.30%. The firm had revenue of $104.01 million during the quarter, compared to the consensus estimate of $101.60 million. During the same period last year, the company earned $0.14 earnings per share. As a group, equities analysts expect that Flexsteel Industries, Inc. will post 3.25 EPS for the current fiscal year.

Flexsteel Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Saturday, December 28th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. Flexsteel Industries’s payout ratio is presently 26.88%.

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.