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

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) insider Jennifer Michele Pickering sold 2,500 shares of Espey Mfg. & Electronics stock in a transaction that occurred on 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 $157,500. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Espey Mfg. & Electronics Price Performance

NYSEAMERICAN ESP opened at $66.00 on Wednesday. The business has a fifty day moving average price of $63.50 and a two-hundred day moving average price of $56.39. Espey Mfg. & Electronics Corp. has a fifty-two week low of $36.00 and a fifty-two week high of $74.77. The stock has a market capitalization of $198 million, a PE ratio of 17.41 and a beta of 0.36.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.99 earnings per share (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 analyst estimates of $13.20 million.

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

Institutional Investors Weigh In On Espey Mfg. & Electronics

Several hedge funds have recently modified their holdings of ESP. Bank of America Corp DE increased its holdings in Espey Mfg. & Electronics by 356.3% in the 2nd quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock worth $56,000 after purchasing an additional 962 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Espey Mfg. & Electronics during the third quarter worth about $67,000. Bridgeway Capital Management LLC acquired a new position in shares of Espey Mfg. & Electronics in the second quarter valued at approximately $211,000. JPMorgan Chase & Co. raised its holdings in Espey Mfg. & Electronics by 56,588.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company’s stock valued at $202,000 after buying an additional 5,093 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in Espey Mfg. & Electronics during the 4th quarter worth approximately $267,000. Institutional investors and hedge funds own 36.65% of the company’s stock.

Analyst Ratings Changes

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