Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Director Paul Corr Sells 2,550 Shares

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESPGet Free Report) Director Paul Corr sold 2,550 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $65.89, for a total value of $168,019.50. Following the completion of the transaction, the director owned 20,439 shares in the company, valued at approximately $1,346,725.71. This represents a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Espey Mfg. & Electronics Trading Up 3.5%

Shares of NYSEAMERICAN ESP opened at $66.06 on Friday. Espey Mfg. & Electronics Corp. has a 1 year low of $36.00 and a 1 year high of $74.77. The firm’s 50-day moving average is $63.65 and its 200-day moving average is $56.71. The firm has a market capitalization of $198.18 million, a PE ratio of 17.43 and a beta of 0.36.

Espey Mfg. & Electronics (NYSEAMERICAN:ESPGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.11. Espey Mfg. & Electronics had a net margin of 25.50% and a return on equity of 20.38%. The business had revenue of $11.42 million for the quarter, compared to analyst estimates of $13.20 million.

Espey Mfg. & Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Espey Mfg. & Electronics’s payout ratio is 40.82%.

Institutional Investors Weigh In On Espey Mfg. & Electronics

Large investors have recently modified their holdings of the business. Sage Investment Advisers LLC bought a new position in shares of Espey Mfg. & Electronics during the 4th quarter valued at about $680,000. Ritholtz Wealth Management increased its stake in Espey Mfg. & Electronics by 98.1% during the 4th quarter. Ritholtz Wealth Management now owns 17,808 shares of the company’s stock worth $839,000 after purchasing an additional 8,817 shares in the last quarter. Sei Investments Co. acquired a new stake in Espey Mfg. & Electronics during the 1st quarter worth approximately $1,384,000. De Lisle Partners LLP raised its holdings in Espey Mfg. & Electronics by 9.4% during the 4th quarter. De Lisle Partners LLP now owns 56,247 shares of the company’s stock worth $2,664,000 after buying an additional 4,822 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in Espey Mfg. & Electronics in the third quarter valued at approximately $67,000. 36.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Freedom Capital downgraded shares of Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Espey Mfg. & Electronics has an average rating of “Hold”.

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About Espey Mfg. & Electronics

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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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Insider Buying and Selling by Quarter for Espey Mfg. & Electronics (NYSEAMERICAN:ESP)

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