Michael Wool Sells 1,000 Shares of ESPEY MFG & ELECTRONICS (NYSE:ESP) Stock

ESPEY MFG & ELECTRONICS CORP (NYSE:ESP) Director Michael Wool sold 1,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $57.90, for a total value of $57,900.00. Following the sale, the director owned 17,400 shares of the company’s stock, valued at approximately $1,007,460. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ESPEY MFG & ELECTRONICS Stock Up 0.8%

ESPEY MFG & ELECTRONICS stock opened at $58.00 on Wednesday. The business has a 50-day simple moving average of $51.49 and a two-hundred day simple moving average of $45.19. The company has a market cap of $171.62 million, a P/E ratio of 16.91 and a beta of 0.16. ESPEY MFG & ELECTRONICS CORP has a 52-week low of $24.85 and a 52-week high of $62.15.

Analyst Upgrades and Downgrades

Separately, Freedom Capital upgraded ESPEY MFG & ELECTRONICS to a “strong-buy” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Hedge Funds Weigh In On ESPEY MFG & ELECTRONICS

Several large investors have recently made changes to their positions in ESP. Bank of America Corp DE grew its position in shares of ESPEY MFG & ELECTRONICS by 356.3% during the second quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock worth $56,000 after purchasing an additional 962 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in ESPEY MFG & ELECTRONICS during the 3rd quarter valued at approximately $67,000. Bridgeway Capital Management LLC bought a new stake in shares of ESPEY MFG & ELECTRONICS during the second quarter valued at approximately $211,000. JPMorgan Chase & Co. lifted its holdings in shares of ESPEY MFG & ELECTRONICS by 56,588.9% in the third quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company’s stock worth $202,000 after buying an additional 5,093 shares in the last quarter. Finally, GC Wealth Management RIA LLC purchased a new position in ESPEY MFG & ELECTRONICS during the fourth quarter valued at $267,000. 36.65% of the stock is currently owned by hedge funds and other institutional investors.

ESPEY MFG & ELECTRONICS Company Profile

Espey Manufacturing & Electronics Corporation (NYSE: ESP) specializes in the design and production of precision wound components and power conversion solutions for demanding applications. The company’s core offerings include custom transformers, inductors, chokes and electromagnetic assemblies engineered to meet rigorous performance standards in defense, industrial, medical and renewable energy markets. By integrating advanced design tools with in-house manufacturing capabilities, Espey delivers tailored passive magnetic components that address electromagnetic compatibility, thermal management and size-weight constraints.

In addition to its wound component expertise, Espey provides a range of electromagnetic interference (EMI) filters, magnetics subassemblies and custom power supplies.