ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) CEO Sells $78,398.32 in Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) CEO David A. Oneil sold 1,958 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $40.04, for a total transaction of $78,398.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

David A. Oneil also recently made the following trade(s):

• On Tuesday, June 24th, David A. Oneil sold 4,042 shares of ESPEY MFG & ELECTRONICS stock. The shares were sold at an average price of $40.00, for a total transaction of $161,680.00.
• On Tuesday, June 3rd, David A. Oneil sold 1,023 shares of ESPEY MFG & ELECTRONICS stock. The stock was sold at an average price of $38.00, for a total transaction of $38,874.00.

ESPEY MFG & ELECTRONICS Stock Performance

ESPEY MFG & ELECTRONICS stock traded up $1.08 during midday trading on Wednesday, reaching $42.30. The company's stock had a trading volume of 47,159 shares, compared to its average volume of 18,910. The stock has a market cap of $119.75 million, a PE ratio of 15.78 and a beta of 0.06. ESPEY MFG & ELECTRONICS CORP has a 52-week low of $20.50 and a 52-week high of $42.60.

ESPEY MFG & ELECTRONICS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Monday, June 16th. ESPEY MFG & ELECTRONICS's payout ratio is currently 37.31%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded ESPEY MFG & ELECTRONICS from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 21st.

About ESPEY MFG & ELECTRONICS

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.