Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP – Get Free Report) CEO David Oneil sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $67.71, for a total transaction of $169,275.00. Following the completion of the sale, the chief executive officer owned 13,750 shares in the company, valued at $931,012.50. The trade was a 15.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Espey Mfg. & Electronics Stock Performance
Shares of ESP traded down $1.10 during mid-day trading on Tuesday, reaching $66.00. 26,884 shares of the company’s stock traded hands, compared to its average volume of 27,288. The business’s 50-day moving average price is $63.37 and its 200-day moving average price is $56.20. The stock has a market capitalization of $198 million, a P/E ratio of 17.41 and a beta of 0.36. Espey Mfg. & Electronics Corp. has a 12 month low of $36.00 and a 12 month high of $74.77.
Espey Mfg. & Electronics (NYSEAMERICAN:ESP – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.11. The business had revenue of $11.42 million during the quarter, compared to analyst estimates of $13.20 million. Espey Mfg. & Electronics had a return on equity of 20.38% and a net margin of 25.50%.
Espey Mfg. & Electronics Dividend Announcement
Wall Street Analyst Weigh In
Separately, Freedom Capital downgraded shares of Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Espey Mfg. & Electronics has a consensus rating of “Hold”.
Check Out Our Latest Research Report on ESP
Hedge Funds Weigh In On Espey Mfg. & Electronics
Institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP lifted its stake in Espey Mfg. & Electronics by 6.3% during the fourth quarter. First Trust Advisors LP now owns 6,866 shares of the company’s stock valued at $324,000 after buying an additional 404 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Espey Mfg. & Electronics by 12.7% during the fourth quarter. XTX Topco Ltd now owns 5,871 shares of the company’s stock valued at $277,000 after acquiring an additional 660 shares during the period. Geode Capital Management LLC lifted its position in shares of Espey Mfg. & Electronics by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 24,692 shares of the company’s stock valued at $1,165,000 after acquiring an additional 745 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Espey Mfg. & Electronics by 11.0% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,100 shares of the company’s stock worth $321,000 after purchasing an additional 800 shares during the period. Finally, Man Group plc lifted its holdings in shares of Espey Mfg. & Electronics by 14.4% in the fourth quarter. Man Group plc now owns 6,538 shares of the company’s stock valued at $308,000 after purchasing an additional 824 shares in the last quarter. Hedge funds and other institutional investors own 36.65% of the company’s stock.
About Espey Mfg. & Electronics
Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.
Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.
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