Mayville Engineering Company, Inc. (NYSE:MEC) Given Average Rating of “Moderate Buy” by Brokerages

Mayville Engineering Company, Inc. (NYSE:MEC) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $35.75.

MEC has been the subject of a number of analyst reports. Northland Securities set a $40.00 price objective on shares of Mayville Engineering in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Mayville Engineering in a research note on Friday, July 10th. DA Davidson increased their price target on shares of Mayville Engineering from $32.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Citigroup raised their price target on shares of Mayville Engineering from $33.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, July 13th.

Insider Transactions at Mayville Engineering

In other news, SVP Craig D. Nichols sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $23.24, for a total value of $92,960.00. Following the transaction, the senior vice president owned 146 shares in the company, valued at $3,393.04. This represents a 96.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Sean P. Leuba sold 12,855 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $25.44, for a total value of $327,031.20. Following the transaction, the senior vice president owned 6,633 shares of the company’s stock, valued at approximately $168,743.52. This trade represents a 65.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 71,785 shares of company stock valued at $2,073,629 over the last 90 days. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mayville Engineering

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Mayville Engineering in the 2nd quarter valued at $44,332,000. EVR Research LP bought a new stake in Mayville Engineering during the 4th quarter valued at $11,326,000. Jupiter Topco LLC bought a new position in shares of Mayville Engineering during the 2nd quarter worth $21,550,000. Ameriprise Financial Inc. increased its stake in shares of Mayville Engineering by 894.2% during the third quarter. Ameriprise Financial Inc. now owns 394,161 shares of the company’s stock valued at $5,424,000 after buying an additional 354,514 shares during the period. Finally, JB Capital Partners LP purchased a new position in shares of Mayville Engineering during the second quarter valued at $9,384,180,000. Hedge funds and other institutional investors own 45.44% of the company’s stock.

Mayville Engineering Price Performance

MEC opened at $24.07 on Monday. The company has a current ratio of 1.70, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The company has a market cap of $613.81 million, a price-to-earnings ratio of -28.66 and a beta of 1.27. The stock has a fifty day simple moving average of $31.21 and a two-hundred day simple moving average of $25.03. Mayville Engineering has a 12-month low of $12.25 and a 12-month high of $38.76.

Mayville Engineering (NYSE:MEC) last released its earnings results on Tuesday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.12. The firm had revenue of $162.98 million during the quarter, compared to analyst estimates of $150.59 million. Mayville Engineering had a negative net margin of 2.95% and a negative return on equity of 6.63%. Research analysts predict that Mayville Engineering will post -0.22 earnings per share for the current fiscal year.

Key Mayville Engineering News

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

• Positive Sentiment: Northland Securities raised its FY2029 EPS forecast to $1.31 from $1.21 and its FY2030 forecast to $1.52 from $1.18, suggesting the analyst sees stronger profitability potential over the longer term.
• Neutral Sentiment: A separate report discusses analyst predictions for MEC’s FY2028 earnings, but the available article information does not provide the specific estimate or any change from prior forecasts. Research Analysts Offer Predictions for MEC FY2028 Earnings
• Negative Sentiment: Northland Securities reduced its FY2026 EPS forecast to a loss of $0.29 from a loss of $0.04, while cutting its FY2027 estimate to $0.79 from $0.88. The revisions point to weaker near-term operating performance than previously expected.
• Negative Sentiment: The firm also lowered quarterly forecasts: Q3 2026 EPS fell to $0.03 from $0.18, Q4 2026 EPS to $0.02 from $0.13, Q1 2027 EPS to $0.12 from $0.18, and Q2 2027 EPS to $0.18 from $0.20. These cuts are the most immediate pressure on MEC shares.

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.