Stock events for Espey Manufacturing & Electronics Corp. (ESP)
Espey's stock has seen significant appreciation over the past year. Recent stock-related events include regular quarterly dividend payments, earnings reports indicating positive EPS and revenue, insider selling and buying activity, and a "Buy" rating from Goldman Sachs.
Demand Seasonality affecting Espey Manufacturing & Electronics Corp.’s stock price
Explicit details regarding demand seasonality for Espey Manufacturing & Electronics Corp.'s products and services are not extensively provided in the available information. However, given the company's primary focus on specialized military and industrial applications, its demand is likely less subject to the seasonal fluctuations typically seen in consumer-driven markets. The company's substantial backlog offers multi-year revenue visibility, further suggesting a less seasonal demand pattern.
Overview of Espey Manufacturing & Electronics Corp.’s business
Espey Manufacturing & Electronics Corp. is a power electronics design and OEM company specializing in military and industrial power supplies and transformers. The company's products include power supplies, converters, filters, transformers, magnetic components, power distribution equipment, UPS systems, and antennas used in demanding applications. Espey offers services such as design and development, build-to-print, design studies, environmental testing, metal fabrication, painting, and automatic testing equipment development. The company is vertically integrated, performing in-house production of components, circuit boards, metalwork, wiring, and testing.
ESP’s Geographic footprint
Espey Manufacturing & Electronics Corp. is headquartered in Saratoga Springs, New York, where its facility houses all design, manufacturing, and testing operations. The company manufactures and sells electronic equipment primarily for military and industrial applications in the United States and internationally, serving industrial manufacturers, defense companies, the U.S. government, foreign governments, and foreign electronic equipment companies through its direct sales organization and outside sales representatives.
ESP Corporate Image Assessment
Espey Manufacturing & Electronics Corp. is recognized as an industry leader in power conversion, magnetics, and build-to-print products for the defense and industrial markets. The company has been in business since 1930, designing and developing products for the government and military. Espey scored higher than 3% of companies evaluated by MarketBeat and ranked 43rd out of 48 stocks in the manufacturing sector. The company's operations have been described as solid, with improving profitability and a robust backlog.
Ownership
Espey Mfg. & Electronics Corp. has 84 institutional owners and shareholders, holding a total of 803,944 shares, representing 36.65% of Espey's stock. Major institutional owners include Dimensional Fund Advisors Lp, Renaissance Technologies Llc, and Vanguard Group Inc. Key executives are also listed as shareholders.
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$56.98