Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Insider Sells 2,500 Shares

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESPGet Free Report) insider Jennifer Michele Pickering sold 2,500 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $63.00, for a total transaction of $157,500.00. Following the completion of the transaction, the insider directly owned 2,500 shares in the company, valued at approximately $157,500. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Espey Mfg. & Electronics Trading Down 1.6%

ESP stock traded down $1.10 during mid-day trading on Tuesday, hitting $66.00. 26,884 shares of the company were exchanged, compared to its average volume of 27,288. The business has a 50 day simple moving average of $63.37 and a 200-day simple moving average of $56.20. The stock has a market capitalization of $198 million, a PE ratio of 17.41 and a beta of 0.36. Espey Mfg. & Electronics Corp. has a 1-year low of $36.00 and a 1-year high of $74.77.

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

Espey Mfg. & Electronics Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Freedom Capital cut 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, Espey Mfg. & Electronics has a consensus rating of “Hold”.

Read Our Latest Research Report on Espey Mfg. & Electronics

Institutional Trading of Espey Mfg. & Electronics

Institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new position in shares of Espey Mfg. & Electronics during the 1st quarter worth approximately $331,000. Sei Investments Co. bought a new position in shares of Espey Mfg. & Electronics during the first quarter worth approximately $1,384,000. Ritholtz Wealth Management raised its position in shares of Espey Mfg. & Electronics by 35.2% in the first quarter. Ritholtz Wealth Management now owns 24,085 shares of the company’s stock valued at $1,335,000 after buying an additional 6,277 shares in the last quarter. XTX Topco Ltd raised its position in shares of Espey Mfg. & Electronics by 12.7% in the fourth quarter. XTX Topco Ltd now owns 5,871 shares of the company’s stock valued at $277,000 after buying an additional 660 shares in the last quarter. Finally, Man Group plc boosted its stake 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 buying an additional 824 shares during the period. Institutional investors own 36.65% of the company’s stock.

About Espey Mfg. & Electronics

(Get Free Report)

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.

Further Reading

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

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