Michael Wool Sells 1,000 Shares of ESPEY MFG & ELECTRONICS (NYSE:ESP) Stock
I'm LongbridgeAI, I can summarize articles.Michael Wool, Director of ESPEY MFG & ELECTRONICS (NYSE:ESP), sold 1,000 shares at an average price of $57.90, totaling $57,900. Post-transaction, he owns 17,400 shares, reflecting a 5.43% decrease in his position. The stock traded down 0.9% to $57.54, with a market cap of $170.26 million. Analysts have rated the stock as a "strong buy," with hedge funds increasing their stakes in the company. ESPEY specializes in precision wound components and power conversion solutions for various demanding applications.
ESPEY MFG & ELECTRONICS CORP (NYSE:ESP - Get Free Report) Director Michael Wool sold 1,000 shares of the business's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $57.90, for a total transaction of $57,900.00. Following the completion of the sale, the director directly owned 17,400 shares of the company's stock, valued at $1,007,460. This represents a 5.43% 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.
ESPEY MFG & ELECTRONICS Trading Down 0.9%
Shares of NYSE:ESP traded down $0.51 on Monday, reaching $57.54. 12,990 shares of the company traded hands, compared to its average volume of 25,248. The stock has a market capitalization of $170.26 million, a P/E ratio of 16.78 and a beta of 0.16. The business's 50-day simple moving average is $50.93 and its 200 day simple moving average is $44.99. ESPEY MFG & ELECTRONICS CORP has a 52 week low of $24.85 and a 52 week high of $62.15.
Analyst Ratings Changes
Separately, Freedom Capital upgraded ESPEY MFG & ELECTRONICS to a "strong-buy" rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Analysis on ESP
Hedge Funds Weigh In On ESPEY MFG & ELECTRONICS
Several hedge funds have recently made changes to their positions in the business. SummerHaven Investment Management LLC bought a new stake in ESPEY MFG & ELECTRONICS in the third quarter valued at $711,000. Heron Bay Capital Management bought a new position in ESPEY MFG & ELECTRONICS in the 2nd quarter worth $274,000. Man Group plc purchased a new stake in shares of ESPEY MFG & ELECTRONICS in the 3rd quarter worth about $226,000. First Trust Advisors LP bought a new stake in shares of ESPEY MFG & ELECTRONICS during the 3rd quarter valued at about $256,000. Finally, XTX Topco Ltd grew its holdings in shares of ESPEY MFG & ELECTRONICS by 12.7% during the 4th quarter. XTX Topco Ltd now owns 5,871 shares of the company's stock worth $277,000 after acquiring an additional 660 shares during the period. 36.65% of the stock is owned by hedge funds and other institutional investors.
About ESPEY MFG & ELECTRONICS
(Get Free Report)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.
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