ESPEY MFG & ELECTRONICS (NYSE:ESP) Director Paul Corr Sells 2,400 Shares

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Director Paul Corr sold 2,400 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $57.90, for a total value of $138,960.00. Following the sale, the director owned 20,439 shares in the company, valued at $1,183,418.10. The trade was a 10.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

ESPEY MFG & ELECTRONICS Price Performance

NYSE:ESP traded down $1.67 during midday trading on Friday, reaching $56.81. 19,188 shares of the company traded hands, compared to its average volume of 25,495. The firm has a market capitalization of $168.10 million, a price-to-earnings ratio of 16.56 and a beta of 0.16. The company has a fifty day moving average price of $50.64 and a 200 day moving average price of $44.92. ESPEY MFG & ELECTRONICS CORP has a twelve month low of $24.85 and a twelve month high of $62.15.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. lifted its holdings 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 purchasing an additional 1,000 shares during the period. Heron Bay Capital Management bought a new stake in shares of ESPEY MFG & ELECTRONICS during the 2nd quarter worth about $274,000. American Century Companies Inc. lifted its stake in shares of 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 acquiring an additional 2,415 shares during the period. Marshall Wace LLP acquired a new stake in shares of ESPEY MFG & ELECTRONICS in the 2nd quarter worth approximately $591,000. Finally, Bank of America Corp DE boosted its holdings in shares of ESPEY MFG & ELECTRONICS by 356.3% in the second quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock valued at $56,000 after acquiring an additional 962 shares in the last quarter. 36.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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