ESPEY MFG & ELECTRONICS (NYSE:ESP) CEO David Oneil Sells 8,856 Shares

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) CEO David Oneil sold 8,856 shares of ESPEY MFG & ELECTRONICS stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $50.00, for a total transaction of $442,800.00. Following the completion of the sale, the chief executive officer owned 16,250 shares of the company’s stock, valued at $812,500. This trade represents a 35.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ESPEY MFG & ELECTRONICS Price Performance

NYSE:ESP opened at $58.53 on Wednesday. The company has a 50 day moving average price of $50.07 and a 200-day moving average price of $44.74. The firm has a market cap of $173.19 million, a price-to-earnings ratio of 17.06 and a beta of 0.16. ESPEY MFG & ELECTRONICS CORP has a 1-year low of $24.85 and a 1-year high of $62.15.

Hedge Funds Weigh In On ESPEY MFG & ELECTRONICS

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of ESPEY MFG & ELECTRONICS by 356.3% during the 2nd quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock valued at $56,000 after buying an additional 962 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of ESPEY MFG & ELECTRONICS in the third quarter valued at $67,000. JPMorgan Chase & Co. boosted its position in shares of ESPEY MFG & ELECTRONICS by 56,588.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company’s stock valued at $202,000 after purchasing an additional 5,093 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in ESPEY MFG & ELECTRONICS in the second quarter worth approximately $211,000. Finally, Man Group plc acquired a new stake in shares of ESPEY MFG & ELECTRONICS during the third quarter worth $226,000. Institutional investors and hedge funds own 36.65% of the company’s stock.

Analyst Ratings Changes

Separately, Freedom Capital upgraded ESPEY MFG & ELECTRONICS to a “strong-buy” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, ESPEY MFG & ELECTRONICS has a consensus rating of “Strong Buy”.

ESPEY MFG & ELECTRONICS Company Profile

Espey Manufacturing & Electronics Corporation (NYSE: ESP) specializes in the design and production of precision wound components and power conversion solutions for demanding applications. The company’s core offerings include custom transformers, inductors, chokes and electromagnetic assemblies engineered to meet rigorous performance standards in defense, industrial, medical and renewable energy markets. By integrating advanced design tools with in-house manufacturing capabilities, Espey delivers tailored passive magnetic components that address electromagnetic compatibility, thermal management and size-weight constraints.

In addition to its wound component expertise, Espey provides a range of electromagnetic interference (EMI) filters, magnetics subassemblies and custom power supplies.