ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) CEO David A. Oneil sold 1,023 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $38.00, for a total transaction of $38,874.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ESPEY MFG & ELECTRONICS Price Performance
Shares of ESP traded down $0.15 during mid-day trading on Friday, reaching $37.72. 28,845 shares of the company's stock were exchanged, compared to its average volume of 17,303. ESPEY MFG & ELECTRONICS CORP has a 52-week low of $20.50 and a 52-week high of $40.61. The stock has a market cap of $106.79 million, a price-to-earnings ratio of 14.07 and a beta of 0.06.
ESPEY MFG & ELECTRONICS Dividend Announcement
The business 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. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Monday, June 16th. ESPEY MFG & ELECTRONICS's payout ratio is 37.31%.
Analyst Ratings Changes
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.
Get Our Latest Stock Analysis on ESP
ESPEY MFG & ELECTRONICS Company Profile
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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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