Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Stock Rating Upgraded by StockNews.com

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Espey Mfg. & Electronics Price Performance

Espey Mfg. & Electronics stock opened at $29.48 on Thursday. The stock has a market cap of $82.25 million, a PE ratio of 11.98 and a beta of 0.15. Espey Mfg. & Electronics has a one year low of $16.50 and a one year high of $33.00.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last announced its quarterly earnings results on Friday, September 27th. The company reported $0.73 earnings per share (EPS) for the quarter. Espey Mfg. & Electronics had a return on equity of 15.66% and a net margin of 15.56%. The business had revenue of $11.61 million during the quarter.

Insider Transactions at Espey Mfg. & Electronics

In related news, insider Peggy A. Murphy sold 1,018 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $29.40, for a total transaction of $29,929.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 6.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Espey Mfg. & Electronics by 55.3% in the third quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock valued at $719,000 after buying an additional 8,511 shares during the period. De Lisle Partners LLP raised its holdings in Espey Mfg. & Electronics by 7.5% in the 3rd quarter. De Lisle Partners LLP now owns 43,114 shares of the company’s stock valued at $1,298,000 after acquiring an additional 3,000 shares in the last quarter. Ellsworth Advisors LLC lifted its position in shares of Espey Mfg. & Electronics by 6.9% during the 3rd quarter. Ellsworth Advisors LLC now owns 23,977 shares of the company’s stock valued at $721,000 after acquiring an additional 1,555 shares during the period. Secure Asset Management LLC acquired a new stake in shares of Espey Mfg. & Electronics during the 3rd quarter worth $219,000. Finally, Renaissance Technologies LLC increased its position in shares of Espey Mfg. & Electronics by 3.7% in the second quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock worth $2,370,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 36.65% of the company’s stock.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.