Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP – Get 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:ESP – Get 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
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”.
Get Our Latest Report on Espey Mfg. & Electronics
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.
See Also
- Five stocks we like better than Espey Mfg. & Electronics
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
Receive News & Ratings for Espey Mfg. & Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Espey Mfg. & Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
