ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Director Sells $82,140.00 in Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) Director Paul J. Corr sold 2,000 shares of ESPEY MFG & ELECTRONICS stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $41.07, for a total transaction of $82,140.00. Following the transaction, the director now owns 20,439 shares of the company's stock, valued at approximately $839,429.73. The trade was a 8.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

ESPEY MFG & ELECTRONICS Stock Performance

Shares of ESP traded up $0.03 during mid-day trading on Thursday, hitting $40.75. The company had a trading volume of 18,650 shares, compared to its average volume of 17,900. ESPEY MFG & ELECTRONICS CORP has a 1-year low of $20.50 and a 1-year high of $41.88. The stock has a market capitalization of $115.36 million, a PE ratio of 15.21 and a beta of 0.06.

ESPEY MFG & ELECTRONICS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. ESPEY MFG & ELECTRONICS's dividend payout ratio (DPR) is 37.31%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of ESPEY MFG & ELECTRONICS from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 21st.

ESPEY MFG & ELECTRONICS Company Profile

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.

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