Paul Corr Sells Shares of Espey Mfg. & Electronics Corp.
On June 23, Paul Corr sold 2,550 shares of Espey Mfg. & Electronics Corp., valued at $46,027.50.
Key Points
- Paul Corr sold 2,550 shares of Espey Mfg. & Electronics Corp. on June 23, valued at $46,027.50.
- Shares of ESP traded near $66.82 on Friday, with a market cap of about $197.9 million and a P/E ratio of 17.34.
- Freedom Broker downgraded ESP to a hold with a $65 price target on May 18, 2026.
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On June 23, 2026, Paul Corr sold 2,550 shares of Espey Mfg. & Electronics Corp. (NYSE American: ESP) at an average price of $18.05 per share. This transaction was valued at approximately $46,027.50. The sale was not part of a pre-planned trading program.
Other Institutional Activity in Espey Mfg. & Electronics Corp.
Several institutional investors have also made changes to their positions in Espey Mfg. & Electronics Corp. Renaissance Technologies LLC slightly reduced its holdings by 100 shares, ending with 103,212 shares valued at about $5.72 million. Dimensional Fund Advisors LP decreased its stake by 5,570 shares, holding 93,523 shares worth approximately $5.18 million, a 5.6% reduction. Vanguard Capital Management LLC opened a new position with 85,006 shares valued at $4.71 million. Arrowstreet Capital, Limited Partnership and De Lisle Partners LLP maintained their positions with no change, holding 61,879 and 56,247 shares, respectively. American Century Companies Inc increased its holdings by 16,637 shares, a 45.6% rise, to 53,086 shares valued at about $2.94 million.
Espey Mfg. & Electronics Corp. Stock Up 3.0%
Shares of ESP traded near $66.82 on Friday. The company has a market capitalization of approximately $197.9 million, with a P/E ratio of 17.34. Its stock has a 52-week low of $36.00 and a high of $74.77. The 50-day moving average is $64.08, while the 200-day moving average stands at $51.72. Espey Mfg. & Electronics Corp. has a current ratio of 2.28 and a quick ratio of 1.34, indicating good short-term financial health.
$ESP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Espey Mfg. & Electronics Corp. reported revenue of $42.25 million, reflecting a growth of 10.9%. The company achieved a net margin of 25.5% and a return on equity of 20.97%. Earnings per share were $3.81. The next earnings report is expected on September 16, 2026.
Dividend
Espey Mfg. & Electronics Corp. pays an annual dividend rate of $1.00 per share, yielding 1.51%. The dividend payout ratio is 26.25%.
Insider Buying and Selling at Espey Mfg. & Electronics Corp.
In addition to Paul Corr's transactions, David O'Neil, the President and CEO, sold 2,500 shares at $67.71 on June 22. Jennifer Michele Pickering, CHRO & Corporate Secretary, bought and sold 2,500 shares at $24.46 on the same day.
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. The consensus among analysts is a target price of $65, with only one analyst covering the stock.
About Espey Mfg. & Electronics Corp.
Espey Mfg. & Electronics Corp., headquartered in Saratoga Springs, New York, designs and manufactures electronic equipment for military and industrial uses. Its offerings include power supplies, converters, transformers, and other components for various applications such as shipboard power and radar systems. The company also provides design and testing services. Led by CEO Mr. David A. O'Neil, Espey employs approximately 152 people.
Bottom Line
Insider transactions like Paul Corr's recent sale are closely watched by investors for potential insights into company prospects. While such sales can be routine, they often attract attention. Espey Mfg. & Electronics Corp.'s stock is trading within its 52-week range, and its recent earnings report shows solid growth. Investors will continue to monitor both institutional moves and analyst opinions for further direction.
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