Insider Buying: Paul Corr Acquires Shares in Espey Mfg. & Electronics
Paul Corr purchased 2,550 shares of Espey Mfg. & Electronics Corp. at $18.05 per share.
Key Points
- Paul Corr bought 2,550 shares of Espey Mfg. & Electronics Corp. on June 23, 2026, at $18.05 each, totaling $46,027.50.
- Espey Mfg. & Electronics trades on the NYSE American with a market cap of about $197.9 million and a P/E ratio of 17.3.
- Freedom Broker downgraded Espey to a hold rating with a $65.00 price target on May 18, 2026.
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On June 23, 2026, Paul Corr made a notable insider purchase of Espey Mfg. & Electronics Corp. (NYSE American: ESP) shares. He acquired 2,550 shares at an average price of $18.05 each, bringing the total transaction value to approximately $46,027.50. This transaction was not part of a pre-planned trading plan.
Insider Buying and Selling at Espey Mfg. & Electronics Corp.
The recent insider activity at Espey Mfg. & Electronics Corp. included multiple transactions. Paul Corr bought 2,550 shares on June 23 at $18.05 per share. On the same day, David O'Neil, the President & CEO, sold 2,500 shares at $67.71 each. Additionally, Jennifer Michele Pickering, CHRO & Corporate Secretary, was involved in transactions on June 22, buying and selling 2,500 shares at $24.46 each.
Other Institutional Activity in Espey Mfg. & Electronics
Several institutional investors have adjusted their positions in Espey Mfg. & Electronics. Renaissance Technologies LLC reduced its holdings slightly by 100 shares, ending with 103,212 shares valued at about $5.72 million. Dimensional Fund Advisors LP also decreased its stake by 5,570 shares to a total of 93,523 shares worth approximately $5.18 million. Vanguard Capital Management LLC opened a new position with 85,006 shares valued at $4.71 million. Meanwhile, American Century Companies Inc. significantly increased its holdings by 16,637 shares, reaching a total of 53,086 shares valued at around $2.94 million.
Espey Mfg. & Electronics Corp. Stock Up 7.4%
Shares of NYSE American:ESP traded near $66.82 on Friday. Espey Mfg. & Electronics Corp. has a market capitalization of approximately $197.9 million. The company has a price-to-earnings ratio of 17.3 and a beta of 0.361, indicating relatively low volatility compared to the overall market. The stock's 52-week range is between $36.00 and $74.77, with a 50-day moving average of $64.08 and a 200-day moving average of $51.72.
$ESP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Espey Mfg. & Electronics Corp. reported revenues of $42.25 million, reflecting a growth of 10.9%. The company's net margin stands at 25.5%, with a return on equity of 20.97%. Earnings per share were reported at $3.81. The next earnings release is scheduled for September 16, 2026.
Dividend
The company pays an annual dividend of $1.00 per share, yielding 1.51% at current prices. The dividend payout ratio is 26.25%.
Analysts Set New Price Targets
On May 18, 2026, Freedom Broker downgraded Espey Mfg. & Electronics Corp. to a hold rating, setting a price target of $65.00. This reflects a cautious outlook from the firm's analysts.
About Espey Mfg. & Electronics Corp.
Based in Saratoga Springs, New York, Espey Mfg. & Electronics Corp. is a key player in the industrials sector, particularly in the electrical equipment and parts industry. The company, led by CEO David A. O'Neil, manufactures and sells a variety of electronic equipment for military and industrial applications. Its products include power supplies, converters, and transformers used in various applications such as locomotives and radar systems. With about 152 employees, Espey serves both domestic and international markets.
Bottom Line
Paul Corr's recent purchase of Espey Mfg. & Electronics Corp. shares is notable in the context of insider activity. Investors often watch insider transactions closely as they can provide insights into the company's prospects. While insider trades are insightful, remember that they are backward-looking and may not reflect current market conditions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.