FY2025 EPS Estimates for Mayville Engineering Company, Inc. (NYSE:MEC) Lowered by Analyst

Mayville Engineering Company, Inc. (NYSE:MEC) – Equities research analysts at Northland Capmk decreased their FY2025 EPS estimates for Mayville Engineering in a research report issued on Thursday, August 8th. Northland Capmk analyst E. Jackson now expects that the company will earn $0.97 per share for the year, down from their prior estimate of $1.07. The consensus estimate for Mayville Engineering’s current full-year earnings is $0.66 per share. Northland Capmk also issued estimates for Mayville Engineering’s FY2026 earnings at $1.19 EPS and FY2028 earnings at $1.40 EPS.

Several other equities research analysts have also recently commented on MEC. Northland Securities lifted their target price on Mayville Engineering from $20.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. William Blair upgraded Mayville Engineering to a “strong-buy” rating in a report on Wednesday, May 8th.

Mayville Engineering Stock Performance

Shares of Mayville Engineering stock opened at $19.21 on Monday. The firm has a 50 day simple moving average of $17.42 and a 200 day simple moving average of $15.06. Mayville Engineering has a fifty-two week low of $9.72 and a fifty-two week high of $19.50. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.00. The firm has a market cap of $394.32 million, a P/E ratio of 45.74 and a beta of 0.94.

Hedge Funds Weigh In On Mayville Engineering

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tocqueville Asset Management L.P. lifted its stake in shares of Mayville Engineering by 0.5% in the 1st quarter. Tocqueville Asset Management L.P. now owns 643,400 shares of the company’s stock valued at $9,220,000 after purchasing an additional 3,000 shares during the period. Vanguard Group Inc. boosted its holdings in Mayville Engineering by 7.9% during the first quarter. Vanguard Group Inc. now owns 538,175 shares of the company’s stock worth $7,712,000 after buying an additional 39,460 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mayville Engineering by 17.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 517,323 shares of the company’s stock worth $8,618,000 after buying an additional 77,486 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Mayville Engineering by 404.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 250,785 shares of the company’s stock valued at $4,178,000 after acquiring an additional 201,047 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in shares of Mayville Engineering by 0.4% in the 1st quarter. Ancora Advisors LLC now owns 248,280 shares of the company’s stock valued at $3,558,000 after acquiring an additional 1,100 shares during the period. 45.44% of the stock is owned by institutional investors.

Mayville Engineering Company Profile

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.