Teachers Advisors LLC boosted its position in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 14.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,589 shares of the company’s stock after buying an additional 1,846 shares during the quarter. Teachers Advisors LLC owned 0.19% of Flexsteel Industries worth $789,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of FLXS. Schwab Charles Investment Management Inc. lifted its holdings in Flexsteel Industries by 30.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 15,600 shares of the company’s stock worth $845,000 after buying an additional 3,600 shares in the last quarter. Boston Partners acquired a new stake in shares of Flexsteel Industries in the 2nd quarter valued at about $1,912,000. Rhumbline Advisers raised its stake in shares of Flexsteel Industries by 11.6% in the 2nd quarter. Rhumbline Advisers now owns 8,659 shares of the company’s stock valued at $469,000 after purchasing an additional 900 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Flexsteel Industries by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 71,395 shares of the company’s stock valued at $3,864,000 after purchasing an additional 2,780 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its stake in shares of Flexsteel Industries by 2.5% in the 2nd quarter. Stanley Laman Group Ltd. now owns 9,458 shares of the company’s stock valued at $512,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 65.55% of the company’s stock.
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Shares of Flexsteel Industries, Inc. (NASDAQ FLXS) opened at $47.80 on Monday. The stock has a market cap of $375.00, a PE ratio of 15.72 and a beta of 2.05. Flexsteel Industries, Inc. has a 12 month low of $40.09 and a 12 month high of $62.99.
Flexsteel Industries (NASDAQ:FLXS) last issued its earnings results on Tuesday, August 15th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.11). The company had revenue of $117.43 million during the quarter. Flexsteel Industries had a net margin of 5.29% and a return on equity of 10.60%.
Separately, BidaskClub lowered shares of Flexsteel Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
Flexsteel Industries Company Profile
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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