Bank of New York Mellon Corp raised its position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 275.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,919 shares of the company's stock after buying an additional 35,166 shares during the quarter. Bank of New York Mellon Corp owned about 0.92% of Flexsteel Industries worth $2,604,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of Flexsteel Industries by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 22,048 shares of the company's stock valued at $977,000 after acquiring an additional 1,072 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Flexsteel Industries during the 3rd quarter valued at about $221,000. FMR LLC raised its stake in Flexsteel Industries by 26.0% during the third quarter. FMR LLC now owns 37,450 shares of the company's stock worth $1,659,000 after acquiring an additional 7,723 shares during the period. BNP Paribas Financial Markets lifted its holdings in Flexsteel Industries by 84.8% in the third quarter. BNP Paribas Financial Markets now owns 9,531 shares of the company's stock worth $422,000 after acquiring an additional 4,373 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Flexsteel Industries by 129.0% in the third quarter. MetLife Investment Management LLC now owns 2,746 shares of the company's stock valued at $122,000 after acquiring an additional 1,547 shares during the period. Institutional investors own 36.27% of the company's stock.
Flexsteel Industries Stock Up 3.0 %
Shares of NASDAQ:FLXS traded up $1.13 during trading on Monday, hitting $39.43. 11,937 shares of the company traded hands, compared to its average volume of 30,424. The business's fifty day moving average is $47.49 and its 200-day moving average is $50.57. The stock has a market capitalization of $207.76 million, a price-to-earnings ratio of 11.01, a PEG ratio of 1.14 and a beta of 0.31. Flexsteel Industries, Inc. has a one year low of $28.81 and a one year high of $65.87.
Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.21. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. On average, analysts forecast that Flexsteel Industries, Inc. will post 3.53 EPS for the current year.
Flexsteel Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 26th will be given a $0.17 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.68 annualized dividend and a yield of 1.72%. Flexsteel Industries's dividend payout ratio is presently 18.99%.
About Flexsteel Industries
(
Free Report)
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.
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