ESPEY MFG & ELECTRONICS (NYSE:ESP) Trading Down 0.2% - Time to Sell?

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) shares were down 0.2% on Thursday . The company traded as low as $47.25 and last traded at $47.39. Approximately 11,487 shares traded hands during trading, a decline of 42% from the average daily volume of 19,649 shares. The stock had previously closed at $47.50.

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 report on Wednesday, May 21st.

ESPEY MFG & ELECTRONICS Trading Up 4.2%

The company has a market capitalization of $139.79 million, a price-to-earnings ratio of 18.43 and a beta of 0.13.

ESPEY MFG & ELECTRONICS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, June 16th. ESPEY MFG & ELECTRONICS's dividend payout ratio (DPR) is presently 37.31%.

Insider Buying and Selling at ESPEY MFG & ELECTRONICS

In other ESPEY MFG & ELECTRONICS news, CEO David A. Oneil sold 4,042 shares of ESPEY MFG & ELECTRONICS stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $40.00, for a total value of $161,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David A. Oneil sold 5,000 shares of ESPEY MFG & ELECTRONICS stock in a transaction on Monday, May 19th. The shares were sold at an average price of $35.80, for a total transaction of $179,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,000 shares of the company's stock, valued at $179,000. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,600 shares of company stock valued at $673,525. Corporate insiders own 6.78% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ESPEY MFG & ELECTRONICS stock. Wealth Enhancement Advisory Services LLC acquired a new stake in ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,624 shares of the company's stock, valued at approximately $219,000. Wealth Enhancement Advisory Services LLC owned approximately 0.16% of ESPEY MFG & ELECTRONICS as of its most recent filing with the Securities and Exchange Commission (SEC). 36.65% of the stock is owned by institutional investors and hedge funds.

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.