Flexsteel Industries, Inc. $FLXS Stock: North Star Investment Management Corp. Trims Position

North Star Investment Management Corp. decreased its stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 22.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,400 shares of the company’s stock after selling 8,000 shares during the period. North Star Investment Management Corp.’s holdings in Flexsteel Industries were worth $2,404,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Flexsteel Industries during the 2nd quarter worth $20,589,000. Renaissance Technologies LLC lifted its position in Flexsteel Industries by 7.9% in the first quarter. Renaissance Technologies LLC now owns 142,200 shares of the company’s stock valued at $6,390,000 after acquiring an additional 10,400 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Flexsteel Industries by 0.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 91,525 shares of the company’s stock valued at $4,113,000 after acquiring an additional 545 shares in the last quarter. Congress Asset Management Co. acquired a new position in Flexsteel Industries in the third quarter valued at $6,824,000. Finally, Bank of New York Mellon Corp acquired a new position in Flexsteel Industries in the second quarter valued at $3,543,000. Institutional investors and hedge funds own 36.27% of the company’s stock.

Flexsteel Industries Trading Up 9.7%

FLXS stock opened at $73.96 on Thursday. The company has a market capitalization of $396.13 million, a P/E ratio of 12.05, a PEG ratio of 1.33 and a beta of 0.51. The business has a 50 day simple moving average of $83.15 and a 200-day simple moving average of $63.35. Flexsteel Industries, Inc. has a twelve month low of $34.00 and a twelve month high of $90.64.

Flexsteel Industries (NASDAQ:FLXS) last announced its earnings results on Monday, October 26th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.01. The business had revenue of $113.97 million for the quarter, compared to analysts’ expectations of $112.70 million. Flexsteel Industries had a net margin of 7.21% and a return on equity of 16.11%. Research analysts predict that Flexsteel Industries, Inc. will post 5.29 EPS for the current fiscal year.

Flexsteel Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 12th. Investors of record on Wednesday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Flexsteel Industries’s dividend payout ratio is currently 16.29%.

Insider Buying and Selling at Flexsteel Industries

In other Flexsteel Industries news, insider Michael McClaflin sold 2,500 shares of Flexsteel Industries stock in a transaction on Monday, August 31st. The shares were sold at an average price of $79.57, for a total value of $198,925.00. Following the transaction, the insider directly owned 36,026 shares in the company, valued at approximately $2,866,588.82. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David Crimmins sold 4,494 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $80.91, for a total transaction of $363,609.54. Following the completion of the sale, the insider directly owned 30,194 shares of the company’s stock, valued at $2,442,996.54. The trade was a 12.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 28,914 shares of company stock valued at $2,350,392. Company insiders own 11.20% of the company’s stock.

Trending Headlines about Flexsteel Industries

Here are the key news stories impacting Flexsteel Industries this week:

• Positive Sentiment: Quarterly results modestly exceeded expectations. Flexsteel reported fiscal Q1 earnings of $1.24 per share, versus the $1.23 consensus estimate, while revenue reached $113.97 million compared with expectations of $112.70 million. The results support the view that demand for the company’s furniture remains resilient. Flexsteel Industries Fiscal Q1 Earnings Fall, Revenue Rise; Guides for Fiscal Q2
• Positive Sentiment: Analyst estimates moved higher. Sidoti raised its fiscal 2027 EPS forecast to $5.40 from $5.29 and its fiscal 2028 forecast to $6.25 from $6.05, with increases across several quarterly estimates. The revisions signal improving expectations for Flexsteel’s earnings trajectory. Flexsteel Industries analyst estimate revisions
• Positive Sentiment: Zacks upgraded Flexsteel to Rank #2, or “Buy.” The upgrade reflects improving earnings-estimate trends and could attract additional near-term investor interest. Flexsteel Upgraded to Buy
• Positive Sentiment: Freedom Broker raised its price target to $86 from $80. Although the firm maintained a “hold” rating, the higher target indicates more perceived value following the earnings update.
• Neutral Sentiment: Management’s outlook included both growth and pressure. The earnings call highlighted continued operating progress, but investors are focused on tariff-related costs and their potential effect on gross margins and future profitability. Flexsteel Industries Earnings Call Highlights Growth Amid Pressure
• Neutral Sentiment: Technical conditions may also be supporting the rebound: after a sharp four-week decline, FLXS was described as oversold, while upward earnings revisions suggest a possible trend reversal. Flexsteel Trend Reversal Analysis

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Zacks Research raised Flexsteel Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Weiss Ratings upgraded Flexsteel Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Freedom Broker boosted their target price on Flexsteel Industries from $80.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Freedom Capital cut Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Flexsteel Industries Company Profile

Flexsteel Industries, Inc is a furniture company that designs, manufactures, imports and markets residential furniture. Based in Dubuque, Iowa, the company serves the U.S. home furnishings market through retail furniture stores, national and regional chains, interior designers and online channels.

The company’s product offerings include upholstered seating such as sofas, sectionals, chairs and recliners, along with motion furniture, dining and bedroom furniture, occasional tables and home office products.