Key Points
- CEO David Oneil sold 8,856 shares on Feb. 13 at an average price of $50 for proceeds of $442,800, cutting his stake by 35.27% to 16,250 shares (valued at $812,500).
- ESPEY opened at $58.53, trades in a 52‑week range of $24.85–$62.15, has a market cap of $173.19 million and a P/E of 17.06, with 50‑ and 200‑day moving averages near $50.07 and $44.74 respectively.
- Analyst/institutional activity: Freedom Capital upgraded the stock to a "Strong Buy" and institutional investors own about 36.65% of shares, with several funds modestly increasing their positions recently.
ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) CEO David Oneil sold 8,856 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $50.00, for a total value of $442,800.00. Following the sale, the chief executive officer directly 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 accessible through this link.
ESPEY MFG & ELECTRONICS Price Performance
Shares of NYSE:ESP opened at $58.53 on Wednesday. ESPEY MFG & ELECTRONICS CORP has a fifty-two week low of $24.85 and a fifty-two week high of $62.15. The stock has a market capitalization of $173.19 million, a P/E ratio of 17.06 and a beta of 0.16. The business has a 50-day moving average of $50.07 and a two-hundred day moving average of $44.74.
Institutional Investors Weigh In On ESPEY MFG & ELECTRONICS
Several hedge funds have recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in ESPEY MFG & ELECTRONICS by 6.3% in the fourth quarter. First Trust Advisors LP now owns 6,866 shares of the company's stock valued at $324,000 after buying an additional 404 shares in the last quarter. Geode Capital Management LLC boosted its position in ESPEY MFG & ELECTRONICS by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 24,692 shares of the company's stock worth $1,165,000 after purchasing an additional 745 shares during the period. Hillsdale Investment Management Inc. raised its holdings in ESPEY MFG & ELECTRONICS by 11.0% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,100 shares of the company's stock valued at $321,000 after acquiring an additional 800 shares during the period. Naples Global Advisors LLC lifted its holdings in ESPEY MFG & ELECTRONICS by 6.9% during the 4th quarter. Naples Global Advisors LLC now owns 14,441 shares of the company's stock worth $681,000 after purchasing an additional 932 shares during the last quarter. Finally, Bank of America Corp DE increased 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 worth $56,000 after acquiring an additional 962 shares during the period. 36.65% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Freedom Capital upgraded shares of 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, According to MarketBeat.com, ESPEY MFG & ELECTRONICS presently has an average rating of "Strong Buy".
Check Out Our Latest Research Report on ESPEY MFG & ELECTRONICS
About ESPEY MFG & ELECTRONICS
(
Get Free Report)
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.
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