Charles Schwab Investment Management Inc. Increases Stock Holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Charles Schwab Investment Management Inc. grew its stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,109 shares of the company’s stock after buying an additional 557 shares during the period. Charles Schwab Investment Management Inc. owned 0.27% of Flexsteel Industries worth $767,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in Flexsteel Industries by 275.7% during the 4th quarter. Bank of New York Mellon Corp now owns 47,919 shares of the company’s stock worth $2,604,000 after purchasing an additional 35,166 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Flexsteel Industries during the 4th quarter worth about $888,000. JPMorgan Chase & Co. grew 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 worth $948,000 after buying an additional 14,853 shares in the last quarter. State Street Corp raised its position 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 during the last quarter. Finally, FMR LLC raised its position in shares of Flexsteel Industries by 26.0% in 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 last quarter. 36.27% of the stock is owned by institutional investors and hedge funds.

Flexsteel Industries Trading Down 3.3 %

NASDAQ FLXS opened at $37.16 on Monday. Flexsteel Industries, Inc. has a twelve month low of $28.81 and a twelve month high of $65.87. The business’s 50-day moving average price is $46.30 and its 200 day moving average price is $50.53. The company has a market capitalization of $195.80 million, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.14 and a beta of 0.31.

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

Flexsteel Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.83%. Flexsteel Industries’s dividend payout ratio is currently 18.99%.

About Flexsteel Industries

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.