Key Points
- Director Michael Wool sold 1,000 shares on Feb. 19 at an average price of $57.90 for $57,900, cutting his stake to 17,400 shares (a 5.43% decrease) valued at about $1.01M.
- ESP stock opened at $57.54 (down ~0.9%), trades in a 52-week range of $24.85–$62.15, and has a market cap of $170.3M with a trailing P/E of 16.78.
- Institutional interest and analyst view: Institutions own 36.65% of the company with several firms recently adding positions, and Freedom Capital upgraded ESP to a "Strong Buy" (market average rating: Strong Buy based on one analyst).
ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) Director Michael Wool sold 1,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $57.90, for a total value of $57,900.00. Following the completion of the sale, the director directly owned 17,400 shares in the company, valued at approximately $1,007,460. This represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
ESPEY MFG & ELECTRONICS Stock Down 0.9%
Shares of NYSE ESP opened at $57.54 on Tuesday. ESPEY MFG & ELECTRONICS CORP has a 52-week low of $24.85 and a 52-week high of $62.15. The firm's 50-day moving average price is $51.19 and its 200-day moving average price is $45.09. The company has a market cap of $170.26 million, a PE ratio of 16.78 and a beta of 0.16.
Institutional Investors Weigh In On ESPEY MFG & ELECTRONICS
Several institutional investors have recently made changes to their positions in ESP. Bank of America Corp DE raised its position in ESPEY MFG & ELECTRONICS by 356.3% in the 2nd quarter. Bank of America Corp DE now owns 1,232 shares of the company's stock worth $56,000 after purchasing an additional 962 shares during the period. BNP Paribas Financial Markets purchased a new position in ESPEY MFG & ELECTRONICS during the 3rd quarter worth $67,000. JPMorgan Chase & Co. raised its holdings in shares of ESPEY MFG & ELECTRONICS by 56,588.9% in the third quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company's stock valued at $202,000 after acquiring an additional 5,093 shares in the last quarter. Bridgeway Capital Management LLC bought a new position in ESPEY MFG & ELECTRONICS in the second quarter worth approximately $211,000. Finally, Man Group plc purchased a new stake in shares of ESPEY MFG & ELECTRONICS during the third quarter valued at about $226,000. Institutional investors own 36.65% of the company's stock.
Analyst Upgrades and Downgrades
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 company has an average rating of "Strong Buy".
View Our Latest Research Report on ESP
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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