Mayville Engineering (NYSE:MEC) Sees Unusually-High Trading Volume – Should You Buy?

Posted by George Bondi on Jun 5th, 2026

Shares of Mayville Engineering Company, Inc. (NYSE:MEC – Get Free Report) saw an uptick in trading volume on Wednesday . 295,755 shares changed hands during mid-day trading, an increase of 27% from the previous session’s volume of 232,358 shares.The stock last traded at $32.21 and had previously closed at $32.33.

Trending Headlines about Mayville Engineering

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 Analysts Forecast Growth

Several research firms have recently issued reports on MEC. Weiss Ratings lowered shares of 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 shares of Mayville Engineering in a report on Thursday, May 7th. DA Davidson boosted their price target on shares of Mayville Engineering from $23.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Citigroup boosted their price target on shares of Mayville Engineering from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Zacks Research raised shares of Mayville Engineering from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.75.

View Our Latest Research Report on Mayville Engineering

Mayville Engineering Stock Up 0.3%

The stock has a 50 day moving average of $22.97 and a 200-day moving average of $20.20. The firm has a market capitalization of $668.90 million, a P/E ratio of -40.80 and a beta of 1.29. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 1.64.

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

Insider Activity at Mayville Engineering

In related news, SVP Craig D. Nichols sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $23.24, for a total value of $92,960.00. Following the sale, the senior vice president directly owned 146 shares in the company, valued at approximately $3,393.04. The trade was a 96.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jagadeesh A. Reddy sold 17,942 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $30.00, for a total value of $538,260.00. Following the completion of the sale, the chief executive officer owned 140,445 shares in the company, valued at $4,213,350. This represents a 11.33% 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 63,738 shares of company stock worth $1,716,390. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Mayville Engineering

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEC. Empowered Funds LLC raised its stake in Mayville Engineering by 7.3% in the 1st quarter. Empowered Funds LLC now owns 98,207 shares of the company’s stock valued at $1,319,000 after acquiring an additional 6,694 shares during the period. Jane Street Group LLC raised its stake in Mayville Engineering by 158.6% in the 1st quarter. Jane Street Group LLC now owns 47,194 shares of the company’s stock valued at $634,000 after acquiring an additional 28,946 shares during the period. Geode Capital Management LLC increased its position in shares of Mayville Engineering by 9.5% during the second quarter. Geode Capital Management LLC now owns 318,321 shares of the company’s stock valued at $5,081,000 after buying an additional 27,552 shares during the period. JPMorgan Chase & Co. increased its position in shares of Mayville Engineering by 20.7% during the second quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock valued at $127,000 after buying an additional 1,359 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Mayville Engineering by 8.3% during the second quarter. Rhumbline Advisers now owns 19,969 shares of the company’s stock valued at $319,000 after buying an additional 1,526 shares during the period. 45.44% of the stock is currently owned by institutional investors.

Mayville Engineering Company Profile

(Get Free Report)

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.