Paul J. Corr Sells 2,000 Shares of ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) Director Paul J. Corr sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $41.07, for a total transaction of $82,140.00. Following the completion of the transaction, the director now directly owns 20,439 shares of the company's stock, valued at $839,429.73. This trade represents a 8.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ESPEY MFG & ELECTRONICS Trading Up 0.3%

Shares of ESP stock traded up $0.13 during trading hours on Friday, reaching $40.88. 47,221 shares of the company's stock were exchanged, compared to its average volume of 18,161. The company has a market cap of $115.73 million, a PE ratio of 15.25 and a beta of 0.06. ESPEY MFG & ELECTRONICS CORP has a fifty-two week low of $20.50 and a fifty-two week high of $41.88.

ESPEY MFG & ELECTRONICS Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised ESPEY MFG & ELECTRONICS from a "buy" rating to a "strong-buy" rating in a research 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.