Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $63.37 and traded as high as $69.97. Espey Mfg. & Electronics shares last traded at $67.10, with a volume of 112,406 shares changing hands.

Wall Street Analyst Weigh In

Separately, Freedom Capital cut shares of Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Espey Mfg. & Electronics Trading Up 10.1%

The firm has a market cap of $201.30 million, a P/E ratio of 17.70 and a beta of 0.36. The firm’s 50 day moving average is $63.37 and its two-hundred day moving average is $56.20.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last posted its earnings results on Tuesday, May 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.11. The company had revenue of $11.42 million for the quarter, compared to analyst estimates of $13.20 million. Espey Mfg. & Electronics had a net margin of 25.50% and a return on equity of 20.38%.

Espey Mfg. & Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is presently 40.82%.

Insider Transactions at Espey Mfg. & Electronics

In other Espey Mfg. & Electronics news, Director Paul J. Corr sold 2,257 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $66.27, for a total value of $149,571.39. Following the completion of the sale, the director directly owned 20,732 shares in the company, valued at $1,373,909.64. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.54% of the company’s stock.

Hedge Funds Weigh In On Espey Mfg. & Electronics

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in Espey Mfg. & Electronics by 356.3% during the 2nd 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 acquired a new stake in Espey Mfg. & Electronics during the 3rd quarter worth approximately $67,000. Bridgeway Capital Management LLC bought a new position in Espey Mfg. & Electronics in the second quarter valued at approximately $211,000. JPMorgan Chase & Co. lifted its stake in Espey Mfg. & Electronics by 56,588.9% in the third quarter. JPMorgan Chase & Co. now owns 5,102 shares of the company’s stock valued at $202,000 after buying an additional 5,093 shares in the last quarter. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Espey Mfg. & Electronics in the fourth quarter valued at approximately $267,000. Institutional investors own 36.65% of the company’s stock.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.