Espey Mfg. & Electronics (NYSEAMERICAN:ESP) CEO David Oneil Sells 2,500 Shares

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) CEO David Oneil sold 2,500 shares of the stock in a transaction on Monday, June 22nd. The stock was 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 approximately $931,012.50. This trade represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Espey Mfg. & Electronics Stock Down 1.6%

Shares of NYSEAMERICAN ESP opened at $66.00 on Wednesday. The company’s fifty day moving average is $63.50 and its 200-day moving average is $56.39. The stock has a market cap of $198 million, a price-to-earnings ratio of 17.41 and a beta of 0.36. Espey Mfg. & Electronics Corp. has a twelve month low of $36.00 and a twelve month high of $74.77.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.11. The business had revenue of $11.42 million during the quarter, compared to analysts’ expectations of $13.20 million. Espey Mfg. & Electronics had a net margin of 25.50% and a return on equity of 20.38%.

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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. Espey Mfg. & Electronics’s payout ratio is presently 40.82%.

Institutional Investors Weigh In On Espey Mfg. & Electronics

Several large investors have recently made changes to their positions in ESP. First Trust Advisors LP raised its stake in shares of Espey Mfg. & Electronics by 6.3% in the 4th quarter. First Trust Advisors LP now owns 6,866 shares of the company’s stock valued at $324,000 after purchasing an additional 404 shares during the period. XTX Topco Ltd boosted its position 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 worth $277,000 after buying an additional 660 shares during the period. Geode Capital Management LLC grew its holdings in shares of Espey Mfg. & Electronics by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 24,692 shares of the company’s stock worth $1,165,000 after buying an additional 745 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Espey Mfg. & Electronics by 11.0% during the third quarter. Hillsdale Investment Management Inc. now owns 8,100 shares of the company’s stock worth $321,000 after buying an additional 800 shares in the last quarter. Finally, Man Group plc raised its position in Espey Mfg. & Electronics by 14.4% in the 4th 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 last quarter. Institutional investors own 36.65% of the company’s stock.

Analysts Set New Price Targets

Separately, Freedom Capital lowered 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 currently has a consensus rating of “Hold”.

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.