ESPEY MFG & ELECTRONICS (NYSE:ESP) Director Sells $138,960.00 in Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Director Paul Corr sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $57.90, for a total transaction of $138,960.00. Following the transaction, the director directly owned 20,439 shares of the company’s stock, valued at $1,183,418.10. This trade represents a 10.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

ESPEY MFG & ELECTRONICS Trading Down 2.9%

Shares of ESP traded down $1.67 during mid-day trading on Friday, reaching $56.81. The company had a trading volume of 19,188 shares, compared to its average volume of 25,495. ESPEY MFG & ELECTRONICS CORP has a fifty-two week low of $24.85 and a fifty-two week high of $62.15. The firm has a fifty day simple moving average of $50.64 and a 200-day simple moving average of $44.92. The stock has a market cap of $168.10 million, a price-to-earnings ratio of 16.56 and a beta of 0.16.

Institutional Trading of ESPEY MFG & ELECTRONICS

A number of hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP purchased a new position in shares of ESPEY MFG & ELECTRONICS in the third quarter valued at $1,047,000. SummerHaven Investment Management LLC acquired a new stake in shares of ESPEY MFG & ELECTRONICS during the 3rd quarter valued at approximately $711,000. Steel Partners Holdings L.P. acquired a new stake in shares of ESPEY MFG & ELECTRONICS during the fourth quarter worth $784,000. Sage Investment Advisers LLC bought a new stake in shares of ESPEY MFG & ELECTRONICS during the 4th quarter valued at about $680,000. Finally, Marshall Wace LLP acquired a new stake in ESPEY MFG & ELECTRONICS during the second quarter worth about $591,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.

Wall Street Analyst Weigh In

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