Shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $58.76 and traded as low as $56.36. Espey Mfg. & Electronics shares last traded at $56.57, with a volume of 71,193 shares.
Wall Street Analysts Forecast Growth
Separately, Freedom Capital cut shares of Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Espey Mfg. & Electronics currently has an average rating of “Hold”.
View Our Latest Report on Espey Mfg. & Electronics
Espey Mfg. & Electronics Trading Up 1.2%
Espey Mfg. & Electronics (NYSEAMERICAN:ESP – Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 15th were given 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 yield of 1.7%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 40.82%.
Insider Buying and Selling at Espey Mfg. & Electronics
In other news, CEO David A. Oneil sold 2,500 shares of the company’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 value of $169,275.00. Following the completion of the sale, the chief executive officer owned 13,750 shares of the company’s stock, valued at approximately $931,012.50. This represents a 15.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl Helmetag sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director directly owned 23,169 shares of the company’s stock, valued at $1,474,938.54. The trade was a 4.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 11,100 shares of company stock worth $727,674. 5.54% of the stock is owned by company insiders.
Institutional Trading of Espey Mfg. & Electronics
Several hedge funds and other institutional investors have recently bought and sold shares of ESP. Lazard Asset Management LLC purchased a new position in shares of Espey Mfg. & Electronics in the 1st quarter valued at $331,000. Sei Investments Co. purchased a new stake in shares of Espey Mfg. & Electronics during the 1st quarter worth $1,384,000. Ritholtz Wealth Management boosted its position in Espey Mfg. & Electronics by 35.2% during the first quarter. Ritholtz Wealth Management now owns 24,085 shares of the company’s stock valued at $1,335,000 after purchasing an additional 6,277 shares in the last quarter. XTX Topco Ltd boosted its position in 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 purchasing an additional 660 shares in the last quarter. Finally, Man Group plc grew its stake in 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 during the last quarter. Institutional investors own 36.65% of the company’s stock.
Espey Mfg. & Electronics Company Profile
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
- Five stocks we like better than Espey Mfg. & Electronics
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
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.
