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

Charles Schwab Investment Management Inc. lifted its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,109 shares of the company’s stock after purchasing an additional 557 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Flexsteel Industries were worth $767,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FLXS. Los Angeles Capital Management LLC acquired a new stake in Flexsteel Industries in the fourth quarter worth approximately $888,000. Bank of New York Mellon Corp raised its stake in shares of Flexsteel Industries by 275.7% in the 4th quarter. Bank of New York Mellon Corp now owns 47,919 shares of the company’s stock worth $2,604,000 after buying an additional 35,166 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Flexsteel Industries by 1.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 17,406 shares of the company’s stock valued at $946,000 after buying an additional 265 shares during the period. Rhumbline Advisers boosted its stake in Flexsteel Industries by 49.7% during the fourth quarter. Rhumbline Advisers now owns 7,223 shares of the company’s stock valued at $392,000 after buying an additional 2,399 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Flexsteel Industries by 4.9% during the fourth quarter. Empowered Funds LLC now owns 23,127 shares of the company’s stock worth $1,257,000 after acquiring an additional 1,079 shares during the period. 36.27% of the stock is owned by institutional investors and hedge funds.

Flexsteel Industries Price Performance

Shares of FLXS opened at $37.16 on Monday. The firm’s 50 day moving average is $46.30 and its 200-day moving average is $50.53. Flexsteel Industries, Inc. has a 12-month low of $28.81 and a 12-month high of $65.87. The stock has a market capitalization of $195.80 million, a P/E ratio of 10.38, a P/E/G ratio of 1.14 and a beta of 0.31.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.21. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. As a group, equities research analysts forecast that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Dividend Announcement

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

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.