Johnson Financial Group Inc. Makes New $974,000 Investment in Mayville Engineering Company, Inc. $MEC

Posted by Brenda Bartman on Aug 20th, 2026

Johnson Financial Group Inc. purchased a new stake in Mayville Engineering Company, Inc. (NYSE:MEC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,000 shares of the company’s stock, valued at approximately $974,000. Johnson Financial Group Inc. owned 0.10% of Mayville Engineering as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Mayville Engineering during the second quarter worth $44,332,000. Dimensional Fund Advisors LP grew its holdings in 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 buying an additional 49,041 shares in the last quarter. Royce & Associates LP grew its stake in shares of 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 acquiring an additional 57,590 shares in the last quarter. EVR Research LP bought a new stake in Mayville Engineering in the 4th quarter worth about $11,326,000. Finally, Blair William & Co. IL grew its holdings in shares of Mayville Engineering by 54.8% in the fourth quarter. Blair William & Co. IL now owns 583,759 shares of the company’s stock valued at $10,928,000 after acquiring an additional 206,549 shares in the last quarter. 45.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mayville Engineering

In other news, EVP Ryan F. Raber sold 20,000 shares of Mayville Engineering stock in a transaction dated Tuesday, May 26th. The shares were 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 owned 86,970 shares in the company, valued at $2,261,220. This trade represents a 18.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sean P. Leuba sold 12,855 shares of Mayville Engineering stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $25.44, for a total transaction of $327,031.20. Following the completion of the transaction, the senior vice president owned 6,633 shares of the company’s stock, valued at $168,743.52. The trade was a 65.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 67,785 shares of company stock worth $1,980,669. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. DA Davidson lifted their target price on Mayville Engineering from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Citigroup increased 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. Weiss Ratings restated a “sell (d+)” rating on shares of Mayville Engineering in a report on Friday, July 10th. Finally, Northland Securities set a $40.00 price objective on shares of Mayville Engineering in a research report on Thursday, August 6th. Four 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 stock presently has an average rating of “Moderate Buy” and an average price target of $35.75.

Check Out Our Latest Report on Mayville Engineering

Mayville Engineering Price Performance

Shares of NYSE MEC opened at $22.59 on Thursday. 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 stock has a fifty day simple moving average of $30.57 and a two-hundred day simple moving average of $25.12. Mayville Engineering Company, Inc. has a 1-year low of $12.25 and a 1-year high of $38.76. The firm has a market cap of $576.04 million, a price-to-earnings ratio of -26.89 and a beta of 1.27.

Mayville Engineering (NYSE:MEC – Get Free Report) last issued 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. 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 analyst estimates of $150.59 million. Analysts anticipate that Mayville Engineering Company, Inc. will post -0.22 earnings per share for the current year.

About Mayville Engineering

(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.