Punch & Associates Investment Management Inc. Has $1.57 Million Stock Position in Flexsteel Industries, Inc. $FLXS

Punch & Associates Investment Management Inc. reduced its position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 35.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,863 shares of the company’s stock after selling 23,822 shares during the period. Punch & Associates Investment Management Inc. owned approximately 0.81% of Flexsteel Industries worth $1,565,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG acquired a new position in Flexsteel Industries during the fourth quarter valued at approximately $181,000. Nuveen Asset Management LLC raised its position in Flexsteel Industries by 274.7% during the fourth quarter. Nuveen Asset Management LLC now owns 23,202 shares of the company’s stock valued at $1,261,000 after purchasing an additional 17,010 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Flexsteel Industries by 223.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,686 shares of the company’s stock valued at $200,000 after purchasing an additional 2,546 shares in the last quarter. Bank of America Corp DE raised its position in Flexsteel Industries by 40.3% during the fourth quarter. Bank of America Corp DE now owns 4,843 shares of the company’s stock valued at $263,000 after purchasing an additional 1,392 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Flexsteel Industries by 4,864.0% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the company’s stock valued at $45,000 after purchasing an additional 1,216 shares during the last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Stock Performance

Shares of NASDAQ FLXS opened at $48.44 on Friday. Flexsteel Industries, Inc. has a 52-week low of $29.38 and a 52-week high of $65.87. The firm has a 50 day moving average price of $39.03 and a two-hundred day moving average price of $36.73. The stock has a market cap of $255.28 million, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.05 and a beta of 0.34.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings results on Monday, August 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.56. Flexsteel Industries had a net margin of 4.57% and a return on equity of 14.74%. The firm had revenue of $114.61 million during the quarter, compared to analysts’ expectations of $111.93 million. During the same period in the prior year, the company posted $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. Analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Wednesday, June 25th were given a $0.20 dividend. This is an increase from Flexsteel Industries’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, June 25th. This represents a $0.80 annualized dividend and a yield of 1.7%. Flexsteel Industries’s dividend payout ratio is currently 22.60%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th.

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.