ESPEY MFG & ELECTRONICS (NYSE:ESP) Director Sells $57,900.00 in Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Director Michael Wool sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $57.90, for a total transaction of $57,900.00. Following the sale, the director directly owned 17,400 shares of the company’s stock, valued at $1,007,460. This trade represents a 5.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ESPEY MFG & ELECTRONICS Trading Down 0.9%

NYSE:ESP traded down $0.51 during mid-day trading on Monday, reaching $57.54. The company’s stock had a trading volume of 12,990 shares, compared to its average volume of 25,248. The firm’s fifty day moving average price is $50.93 and its two-hundred day moving average price is $44.99. The stock has a market cap of $170.26 million, a P/E ratio of 16.78 and a beta of 0.16. ESPEY MFG & ELECTRONICS CORP has a 12-month low of $24.85 and a 12-month high of $62.15.

Institutional Trading of ESPEY MFG & ELECTRONICS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. raised its position in ESPEY MFG & ELECTRONICS by 15.9% in the second quarter. Hillsdale Investment Management Inc. now owns 7,300 shares of the company’s stock worth $334,000 after acquiring an additional 1,000 shares during the period. Heron Bay Capital Management purchased a new stake in shares of ESPEY MFG & ELECTRONICS in the 2nd quarter worth $274,000. American Century Companies Inc. raised its holdings in ESPEY MFG & ELECTRONICS by 27.4% in the 2nd quarter. American Century Companies Inc. now owns 11,234 shares of the company’s stock worth $514,000 after purchasing an additional 2,415 shares during the period. Marshall Wace LLP purchased a new position in ESPEY MFG & ELECTRONICS during the second quarter valued at $591,000. Finally, Bank of America Corp DE lifted its position in ESPEY MFG & ELECTRONICS by 356.3% during the second quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock valued at $56,000 after purchasing an additional 962 shares in the last quarter. 36.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Freedom Capital upgraded ESPEY MFG & ELECTRONICS to a “strong-buy” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

About ESPEY MFG & ELECTRONICS

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.