ESPEY MFG & ELECTRONICS (NYSE:ESP) Shares Down 0.2% - Should You Sell?

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) shares traded down 0.2% on Wednesday . The company traded as low as $40.70 and last traded at $40.72. 24,377 shares changed hands during trading, an increase of 36% from the average session volume of 17,893 shares. The stock had previously closed at $40.81.

Wall Street Analysts Forecast Growth

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

ESPEY MFG & ELECTRONICS Trading Up 0.3%

The firm has a market cap of $115.73 million, a price-to-earnings ratio of 15.25 and a beta of 0.06.

ESPEY MFG & ELECTRONICS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 16th will be issued 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 payout ratio is 37.31%.

Insider Activity at ESPEY MFG & ELECTRONICS

In other news, CEO David A. Oneil sold 1,023 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $38.00, for a total value of $38,874.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul J. Corr sold 1,600 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $36.38, for a total transaction of $58,208.00. Following the completion of the sale, the director now owns 20,439 shares of the company's stock, valued at approximately $743,570.82. This represents a 7.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,600 shares of company stock worth $433,447 in the last 90 days. 6.78% of the stock is owned by corporate insiders.

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.