Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Stock Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Espey stock crossed above its 50‑day moving average, trading as high as $73 and last at $71.58 versus a 50‑day MA of $58.56 and a 200‑day MA of $49.14, signaling a technical upside move.
• Analyst sentiment and fundamentals are supportive: Freedom Capital upgraded ESP to a Strong Buy and the consensus is "Strong Buy," while the company beat Q results with $0.99 EPS vs. $0.76 expected and reported a 19.09% ROE and 23.37% net margin.
• Insiders have been selling recently (14,498 shares sold last quarter) though they still own 5.54% and institutions own 36.65%; Espey pays a quarterly dividend that annualizes to $1.00 (yield ~1.4%, DPR 40.82%).

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report)'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $58.56 and traded as high as $73.00. Espey Mfg. & Electronics shares last traded at $71.58, with a volume of 24,407 shares trading hands.

Analysts Set New Price Targets

Separately, Freedom Capital upgraded shares of Espey Mfg. & Electronics to a "strong-buy" rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Strong Buy".

Espey Mfg. & Electronics Stock Up 0.3%

The company has a fifty day moving average of $58.56 and a two-hundred day moving average of $49.14. The stock has a market capitalization of $211.88 million, a price-to-earnings ratio of 20.87 and a beta of 0.25.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.23. Espey Mfg. & Electronics had a return on equity of 19.09% and a net margin of 23.37%.The company had revenue of $12.14 million during the quarter, compared to the consensus estimate of $12.40 million.

Espey Mfg. & Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Espey Mfg. & Electronics's dividend payout ratio (DPR) is 40.82%.

Insider Buying and Selling at Espey Mfg. & Electronics

In other Espey Mfg. & Electronics news, Director Michael W. Wool sold 1,000 shares of the firm's 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 owned 17,400 shares of the company's stock, valued at approximately $1,007,460. This trade represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Corr sold 2,242 shares of the firm's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $58.23, for a total value of $130,551.66. Following the completion of the sale, the director directly owned 22,839 shares of the company's stock, valued at approximately $1,329,914.97. This trade represents a 8.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 14,498 shares of company stock valued at $770,212. 5.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Espey Mfg. & Electronics by 356.3% in the second quarter. Bank of America Corp DE now owns 1,232 shares of the company's stock valued at $56,000 after buying an additional 962 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Espey Mfg. & Electronics during the 3rd quarter worth about $67,000. Bridgeway Capital Management LLC purchased a new stake in Espey Mfg. & Electronics during the 2nd quarter worth about $211,000. JPMorgan Chase & Co. increased its position in Espey Mfg. & Electronics by 56,588.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company's stock worth $202,000 after purchasing an additional 5,093 shares in the last quarter. Finally, GC Wealth Management RIA LLC purchased a new stake in Espey Mfg. & Electronics during the 4th quarter worth about $267,000. Hedge funds and other institutional investors own 36.65% of the company's stock.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company's core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey's sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.

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