David A. Oneil Sells 1,958 Shares of ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) CEO David A. Oneil sold 1,958 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $40.04, for a total transaction of $78,398.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

David A. Oneil also recently made the following trade(s):

• On Tuesday, June 24th, David A. Oneil sold 4,042 shares of ESPEY MFG & ELECTRONICS stock. The stock was sold at an average price of $40.00, for a total transaction of $161,680.00.
• On Tuesday, June 3rd, David A. Oneil sold 1,023 shares of ESPEY MFG & ELECTRONICS stock. The stock was sold at an average price of $38.00, for a total transaction of $38,874.00.

ESPEY MFG & ELECTRONICS Trading Up 8.1%

ESP stock opened at $45.72 on Friday. The company has a market capitalization of $129.43 million, a P/E ratio of 17.06 and a beta of 0.06. ESPEY MFG & ELECTRONICS CORP has a 1-year low of $20.50 and a 1-year high of $45.91.

ESPEY MFG & ELECTRONICS Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Monday, June 16th. ESPEY MFG & ELECTRONICS’s dividend payout ratio (DPR) is 37.31%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of ESPEY MFG & ELECTRONICS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 21st.

About ESPEY MFG & ELECTRONICS

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company’s principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.