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

Shares of Mayville Engineering Company, Inc. (NYSE:MEC) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $35.75.

A number of equities research analysts have recently commented on the company. Citigroup lifted their target price on Mayville Engineering from $33.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Mayville Engineering in a research report on Friday, July 10th. Northland Securities set a $40.00 target price on shares of Mayville Engineering in a research note on Thursday, August 6th. Finally, DA Davidson boosted their target price on shares of Mayville Engineering from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd.

Mayville Engineering Price Performance

Shares of NYSE:MEC opened at $24.07 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.70 and a debt-to-equity ratio of 0.39. Mayville Engineering has a twelve month low of $12.25 and a twelve month high of $38.76. The stock’s 50 day moving average is $31.21 and its 200-day moving average is $25.03. The firm has a market capitalization of $613.81 million, a price-to-earnings ratio of -28.66 and a beta of 1.27.

Mayville Engineering (NYSE:MEC) last posted its earnings results on Tuesday, August 4th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12. The company had revenue of $162.98 million for 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%. Sell-side analysts forecast that Mayville Engineering will post -0.22 EPS for the current fiscal year.

Insider Transactions at Mayville Engineering

In related news, CEO Jagadeesh A. Reddy sold 15,688 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $35.05, for a total value of $549,864.40. Following the completion of the transaction, the chief executive officer directly owned 124,105 shares of the company’s stock, valued at approximately $4,349,880.25. This trade represents a 11.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ryan F. Raber sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $26.00, for a total value of $520,000.00. Following the completion of the transaction, the executive vice president directly owned 86,970 shares of the company’s stock, valued at $2,261,220. The trade was a 18.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 71,785 shares of company stock valued at $2,073,629. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Mayville Engineering

Several hedge funds have recently bought and sold shares of MEC. Royce & Associates LP lifted its holdings in Mayville Engineering by 10.2% in the 4th quarter. Royce & Associates LP now owns 624,307 shares of the company’s stock worth $11,687,000 after buying an additional 57,590 shares during the period. 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 valued at $16,625,000 after buying an additional 49,041 shares during the period. UBS Group AG increased its stake in shares of Mayville Engineering by 38.6% during the fourth quarter. UBS Group AG now owns 146,552 shares of the company’s stock valued at $2,743,000 after buying an additional 40,798 shares during the period. Congruence Capital LLC bought a new position in shares of Mayville Engineering during the fourth quarter valued at approximately $3,896,000. Finally, North Star Investment Management Corp. bought a new position in shares of Mayville Engineering during the first quarter valued at approximately $538,000. Hedge funds and other institutional investors own 45.44% of the company’s stock.

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.