American Century Companies Inc. Boosts Stock Position in Flexsteel Industries, Inc. (NASDAQ:FLXS)

American Century Companies Inc. boosted its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 33.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,202 shares of the company's stock after buying an additional 24,492 shares during the period. American Century Companies Inc. owned approximately 1.86% of Flexsteel Industries worth $5,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLXS. Bank of New York Mellon Corp raised its stake in shares of 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 valued at $2,604,000 after purchasing an additional 35,166 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Flexsteel Industries during the fourth quarter valued at about $888,000. JPMorgan Chase & Co. lifted its holdings in shares of Flexsteel Industries by 226.6% in 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 boosted 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 acquiring an additional 8,917 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Flexsteel Industries during the fourth quarter valued at approximately $471,000. Institutional investors own 36.27% of the company's stock.

Flexsteel Industries Stock Performance

Flexsteel Industries stock traded up $1.61 during midday trading on Wednesday, reaching $35.92. 20,714 shares of the stock were exchanged, compared to its average volume of 30,138. The company's fifty day moving average is $43.29 and its 200-day moving average is $49.91. Flexsteel Industries, Inc. has a 52 week low of $28.81 and a 52 week high of $65.87. The firm has a market cap of $189.26 million, a PE ratio of 10.03, a PEG ratio of 1.14 and a beta of 0.23.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.21. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. On average, sell-side analysts anticipate that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.89%. 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.