Wellington Management Group LLP Buys Shares of 477,583 Mayville Engineering Company, Inc. $MEC

Posted by Stanley Muller on Sep 7th, 2026

Wellington Management Group LLP bought a new position in Mayville Engineering Company, Inc. (NYSE:MEC – Free Report) in the second quarter, Holdings Channel reports. The institutional investor bought 477,583 shares of the company’s stock, valued at approximately $17,890,000.

Several other institutional investors have also modified their holdings of MEC. Empowered Funds LLC acquired a new position in shares of Mayville Engineering during the 2nd quarter valued at about $4,367,000. Formula Growth Ltd. acquired a new stake in Mayville Engineering during the second quarter worth about $2,810,000. Panoramic Capital LLC acquired a new stake in Mayville Engineering during the second quarter worth about $2,622,000. Pillsbury Lake Capital LLC purchased a new position in Mayville Engineering during the second quarter worth about $5,122,505. Finally, Bank of America Corp DE purchased a new position in Mayville Engineering during the second quarter worth about $10,351,000. Hedge funds and other institutional investors own 45.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jagadeesh A. Reddy sold 15,688 shares of Mayville Engineering 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 sale, the chief executive officer owned 124,105 shares in the company, valued at approximately $4,349,880.25. This trade represents a 11.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 completion of the sale, the senior vice president directly owned 6,633 shares in the company, valued at approximately $168,743.52. The trade was a 65.96% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.60% of the company’s stock.

Mayville Engineering Trading Down 0.4%

NYSE MEC opened at $19.59 on Monday. The firm’s 50-day moving average is $27.02 and its two-hundred day moving average is $25.06. Mayville Engineering Company, Inc. has a 12 month low of $12.25 and a 12 month high of $38.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.70 and a quick ratio of 0.96. The stock has a market capitalization of $499.55 million, a P/E ratio of -23.32 and a beta of 1.26.

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 for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.12. The business had revenue of $162.98 million during the quarter, compared to analysts’ expectations of $150.59 million. Mayville Engineering had a negative net margin of 2.95% and a negative return on equity of 6.63%. On average, sell-side analysts anticipate that Mayville Engineering Company, Inc. will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Northland Securities set a $40.00 price target on shares of Mayville Engineering in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Mayville Engineering in a research report on Friday, July 10th. DA Davidson upped their price objective on Mayville Engineering from $32.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Citigroup increased their price objective on Mayville Engineering from $33.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.75.

Get Our Latest Analysis on Mayville Engineering

Mayville Engineering Company Profile

(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.