Mayville Engineering Company, Inc. (NYSE:MEC – Free Report) – Research analysts at Northland Securities lowered their Q3 2026 earnings per share (EPS) estimates for Mayville Engineering in a note issued to investors on Thursday, August 6th. Northland Securities analyst T. Jackson now anticipates that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.18. The consensus estimate for Mayville Engineering’s current full-year earnings is ($0.08) per share. Northland Securities also issued estimates for Mayville Engineering’s Q4 2026 earnings at $0.02 EPS, FY2026 earnings at ($0.29) EPS, Q1 2027 earnings at $0.12 EPS, Q2 2027 earnings at $0.18 EPS, FY2027 earnings at $0.79 EPS, FY2029 earnings at $1.31 EPS and FY2030 earnings at $1.52 EPS.
Other analysts also recently issued research reports about the stock. 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 report on Monday, July 13th. DA Davidson boosted their price objective 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, Weiss Ratings restated a “sell (d+)” rating on shares of Mayville Engineering in a report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.75.
Mayville Engineering Price Performance
NYSE MEC opened at $23.47 on Thursday. Mayville Engineering has a one year low of $12.25 and a one year high of $38.76. The stock has a 50-day moving average of $31.58 and a 200 day moving average of $24.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.70. The company has a market capitalization of $598.49 million, a price-to-earnings ratio of -27.94 and a beta of 1.27.
Mayville Engineering (NYSE:MEC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.12. Mayville Engineering had a negative return on equity of 6.63% and a negative net margin of 2.95%.The firm had revenue of $162.98 million for the quarter, compared to the consensus estimate of $150.59 million.
Hedge Funds Weigh In On Mayville Engineering
Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in shares of Mayville Engineering by 3.0% in the third quarter. Raymond James Financial Inc. now owns 25,187 shares of the company’s stock valued at $347,000 after acquiring an additional 740 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Mayville Engineering by 6.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,792 shares of the company’s stock valued at $245,000 after acquiring an additional 800 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Mayville Engineering by 20.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock worth $127,000 after acquiring an additional 1,359 shares in the last quarter. Clearstead Advisors LLC increased its position in Mayville Engineering by 194.9% during the 4th quarter. Clearstead Advisors LLC now owns 2,094 shares of the company’s stock valued at $39,000 after purchasing an additional 1,384 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Mayville Engineering by 109.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,751 shares of the company’s stock valued at $38,000 after purchasing an additional 1,435 shares in the last quarter. Hedge funds and other institutional investors own 45.44% of the company’s stock.
Insiders Place Their Bets
In other news, SVP Craig D. Nichols sold 4,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $3,393.04. The trade was a 96.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jagadeesh A. Reddy sold 17,942 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $30.00, for a total transaction of $538,260.00. Following the transaction, the chief executive officer directly owned 140,445 shares of the company’s stock, valued at $4,213,350. The trade was a 11.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 71,785 shares of company stock worth $2,073,629. 5.60% of the stock is currently owned by insiders.
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.
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