ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) CEO David A. Oneil Sells 1,977 Shares

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) CEO David A. Oneil sold 1,977 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $38.05, for a total transaction of $75,224.85. Following the completion of the transaction, the chief executive officer now directly owns 1,023 shares of the company's stock, valued at approximately $38,925.15. The trade was a 65.90% 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.

David A. Oneil also recently made the following trade(s):

• On Tuesday, June 3rd, David A. Oneil sold 1,023 shares of ESPEY MFG & ELECTRONICS stock. The stock was sold at an average price of $38.00, for a total value of $38,874.00.

ESPEY MFG & ELECTRONICS Stock Down 0.4%

ESP stock traded down $0.15 during midday trading on Friday, reaching $37.72. The company had a trading volume of 28,845 shares, compared to its average volume of 17,303. The company has a market cap of $106.79 million, a P/E ratio of 14.07 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 $40.61.

ESPEY MFG & ELECTRONICS Dividend Announcement

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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, June 16th. ESPEY MFG & ELECTRONICS's payout ratio is currently 37.31%.

Analyst Upgrades and Downgrades

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