Insider Selling: ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) CEO Sells $161,680.00 in Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) CEO David A. Oneil sold 4,042 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink.

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

• On Monday, June 23rd, David A. Oneil sold 1,958 shares of ESPEY MFG & ELECTRONICS stock. The stock was sold at an average price of $40.04, for a total value of $78,398.32.
• 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 Up 1.1%

NYSE ESP opened at $46.22 on Friday. The firm has a market cap of $130.85 million, a price-to-earnings ratio of 17.25 and a beta of 0.06. ESPEY MFG & ELECTRONICS CORP has a 52 week low of $20.50 and a 52 week high of $48.71.

ESPEY MFG & ELECTRONICS Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 16th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. ESPEY MFG & ELECTRONICS’s dividend payout ratio (DPR) is presently 37.31%.

Wall Street Analysts Forecast Growth

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