Insider Selling: Mayville Engineering (NYSE:MEC) CEO Sells $538,260.00 in Stock

Mayville Engineering Company, Inc. (NYSE:MEC) CEO Jagadeesh Reddy sold 17,942 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $30.00, for a total value of $538,260.00. Following the sale, the chief executive officer directly owned 140,445 shares in the company, valued at approximately $4,213,350. This trade represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mayville Engineering Trading Up 0.3%

Shares of NYSE:MEC opened at $32.64 on Friday. Mayville Engineering Company, Inc. has a 12-month low of $12.10 and a 12-month high of $33.50. The company has a market capitalization of $668.77 million, a PE ratio of -40.80 and a beta of 1.29. The business has a 50 day moving average of $22.97 and a two-hundred day moving average of $20.20. The company has a current ratio of 1.64, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91.

Mayville Engineering (NYSE:MEC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.13. The business had revenue of $144.78 million for the quarter, compared to analysts’ expectations of $139.18 million. Mayville Engineering had a negative net margin of 2.93% and a negative return on equity of 5.77%. As a group, analysts forecast that Mayville Engineering Company, Inc. will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Mayville Engineering

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in shares of Mayville Engineering by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 926,216 shares of the company’s stock worth $16,625,000 after purchasing an additional 49,041 shares in the last quarter. Royce & Associates LP lifted its stake in Mayville Engineering by 10.2% in the 4th quarter. Royce & Associates LP now owns 624,307 shares of the company’s stock valued at $11,687,000 after buying an additional 57,590 shares in the last quarter. EVR Research LP purchased a new position in Mayville Engineering in the 4th quarter valued at about $11,326,000. Blair William & Co. IL boosted its holdings in Mayville Engineering by 54.8% in the 4th quarter. Blair William & Co. IL now owns 583,759 shares of the company’s stock worth $10,928,000 after buying an additional 206,549 shares during the last quarter. Finally, 22NW LP boosted its holdings in Mayville Engineering by 3.6% in the 4th quarter. 22NW LP now owns 414,280 shares of the company’s stock worth $7,755,000 after buying an additional 14,390 shares during the last quarter. 45.44% of the stock is owned by hedge funds and other institutional investors.

Mayville Engineering News Roundup

Here are the key news stories impacting Mayville Engineering this week:

• Positive Sentiment: Northland Securities raised several earnings estimates for Mayville Engineering (MEC), including Q2 2026, Q3 2026, FY2026, FY2029 and FY2030, signaling analysts see a better profit trajectory ahead.
• Positive Sentiment: Mayville Engineering was named the number one fabricator for the sixteenth consecutive year, reinforcing its industry reputation and competitive positioning. Mayville Engineering Company Named Number One Fabricator for Sixteenth Consecutive Year
• Neutral Sentiment: The company’s most recent quarterly report already helped sentiment: MEC beat EPS and revenue estimates in early May, which continues to support the stock’s move higher.
• Neutral Sentiment: CEO Jagadeesh Reddy sold 17,942 shares at $30 each. Insider selling can weigh on sentiment, but the sale was relatively modest and does not necessarily indicate deteriorating fundamentals. SEC Form 4
• Negative Sentiment: Northland trimmed longer-term FY2030 EPS expectations, which suggests some caution about the pace of profit growth further out.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MEC. DA Davidson lifted their price objective on shares of Mayville Engineering from $23.00 to $32.00 and gave the company a “buy” rating in a report on Monday, May 11th. Citigroup raised their target price on Mayville Engineering from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Weiss Ratings lowered Mayville Engineering from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. Northland Securities set a $30.00 price target on Mayville Engineering in a report on Thursday, May 7th. Finally, Zacks Research upgraded Mayville Engineering from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.75.

Mayville Engineering Company Profile

Mayville Engineering Company, Inc (NYSE:MEC) is a U.S.-based industrial manufacturer specializing in engineered metal castings and precision machining services. Headquartered in Mayville, Wisconsin, the company leverages over a century of casting experience to design, produce and finish complex metal components for a broad range of heavy-duty applications.

The company operates two principal business segments: iron castings and steel castings. Its iron segment utilizes green sand and lost-foam molding processes to produce gray and ductile iron components, while the steel segment employs electric-arc furnace technology to manufacture high-strength steel castings.