Flexsteel Industries (NASDAQ:FLXS) Insider Sells $39,830.00 in Stock

Posted by Francis Steltz on Aug 27th, 2026

Flexsteel Industries, Inc. (NASDAQ:FLXS – Get Free Report) insider Michael Joseph Mcclaflin sold 500 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $79.66, for a total value of $39,830.00. Following the transaction, the insider owned 35,897 shares in the company, valued at $2,859,555.02. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Flexsteel Industries Stock Up 0.3%

Shares of FLXS stock opened at $81.77 on Thursday. The stock has a market capitalization of $438.29 million, a PE ratio of 13.17, a P/E/G ratio of 1.28 and a beta of 0.56. The firm has a 50 day moving average of $73.92 and a two-hundred day moving average of $59.91. Flexsteel Industries, Inc. has a 52 week low of $34.00 and a 52 week high of $88.49.

Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last announced its quarterly earnings data on Monday, August 17th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.24. The company had revenue of $115.37 million for the quarter, compared to the consensus estimate of $109.51 million. Flexsteel Industries had a net margin of 7.21% and a return on equity of 16.11%. Analysts expect that Flexsteel Industries, Inc. will post 5.29 EPS for the current fiscal year.

Flexsteel Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, June 24th were paid a $0.25 dividend. This is an increase from Flexsteel Industries’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, June 24th. Flexsteel Industries’s payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

FLXS has been the subject of several research analyst reports. Zacks Research cut shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Freedom Capital lowered shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Freedom Broker cut shares of Flexsteel Industries from a “buy” rating to a “hold” rating and boosted their price target for the company from $72.00 to $80.00 in a research report on Tuesday, August 18th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Flexsteel Industries in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $80.00.

Get Our Latest Research Report on Flexsteel Industries

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FLXS. Mariner LLC acquired a new position in Flexsteel Industries in the 4th quarter valued at $46,099,000. BlackRock Inc. acquired a new stake in shares of Flexsteel Industries in the 2nd quarter worth $20,589,000. Punch & Associates Investment Management Inc. purchased a new stake in shares of Flexsteel Industries in the second quarter valued at about $6,817,000. Bank of New York Mellon Corp acquired a new position in shares of Flexsteel Industries during the second quarter worth about $3,543,000. Finally, Empowered Funds LLC acquired a new position in shares of Flexsteel Industries during the second quarter worth about $2,459,000. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Company Profile

(Get Free Report)

Flexsteel Industries, Inc (NASDAQ: FLXS) is a U.S.-based furniture manufacturer specializing in the design, production, and marketing of residential upholstered furniture and wood casegoods. The company operates through two primary segments: Upholstery, which encompasses seating products such as sofas, loveseats, chairs, recliners, and sectionals; and Casegoods, which includes accent and occasional tables, cabinets, bookcases, and other wood-based furnishings. Flexsteel sells its products through a network of independent retailers, furniture stores, and distributors across North America.

Flexsteel’s upholstery segment is distinguished by its patented Blue Steel Spring® technology, which offers enhanced longevity and comfort by replacing conventional webbing and springs with a welded steel seat suspension.