Mayville Engineering (NYSE:MEC) CEO Jagadeesh Reddy Sells 17,942 Shares of Stock

Posted by Brian Himes on Jun 3rd, 2026

Mayville Engineering Company, Inc. (NYSE:MEC – Get Free Report) CEO Jagadeesh Reddy sold 17,942 shares of the company’s stock in a transaction dated 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 owned 140,445 shares in the company, valued at $4,213,350. The trade was a 11.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mayville Engineering Stock Performance

Shares of NYSE:MEC opened at $32.31 on Wednesday. The company has a market capitalization of $662.09 million, a price-to-earnings ratio of -40.39 and a beta of 1.29. Mayville Engineering Company, Inc. has a 12 month low of $12.10 and a 12 month high of $32.50. The firm’s 50-day moving average is $22.06 and its 200 day moving average is $19.86. The company has a current ratio of 1.64, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91.

Mayville Engineering (NYSE:MEC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.13. The company had revenue of $144.78 million for the quarter, compared to the consensus estimate of $139.18 million. Mayville Engineering had a negative net margin of 2.93% and a negative return on equity of 5.77%. Research analysts predict that Mayville Engineering Company, Inc. will post -0.23 EPS for the current year.

Trending Headlines about Mayville Engineering

Here are the key news stories impacting Mayville Engineering this week:

Positive Sentiment: Northland Securities raised multiple EPS estimates for Mayville Engineering, including FY2027 to $0.88 from $0.83 and FY2028 to $1.07 from $1.06, signaling improving profit expectations and a potentially stronger outlook for MEC.
Positive Sentiment: Mayville Engineering was named the number one fabricator for the sixteenth consecutive year, reinforcing the company’s reputation and competitive position in its industry. Mayville Engineering Company Named Number One Fabricator for Sixteenth Consecutive Year
Neutral Sentiment: Northland also nudged up near-term quarterly estimates for Q4 2026, Q1 2027, Q2 2027, and Q3 2027, which suggests analysts see steadier earnings improvement ahead, though the current fiscal year is still expected to be in the red.
Neutral Sentiment: CEO Jagadeesh A. Reddy sold 17,942 shares at $30 each, trimming his holdings by about 11.3%. While insider selling can sometimes worry investors, the transaction does not necessarily indicate a change in business fundamentals. SEC Form 4
Neutral Sentiment: An additional article reviewed MEC’s Q1 earnings versus peers, but it did not include a major new catalyst beyond the company’s previously reported beat on EPS and revenue.

Hedge Funds Weigh In On Mayville Engineering

A number of hedge funds have recently added to or reduced their stakes in MEC. Raymond James Financial Inc. boosted its stake in shares of Mayville Engineering by 3.0% during the third quarter. Raymond James Financial Inc. now owns 25,187 shares of the company’s stock valued at $347,000 after purchasing an additional 740 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Mayville Engineering by 6.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,792 shares of the company’s stock valued at $245,000 after purchasing an additional 800 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 1,359 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Mayville Engineering by 194.9% during the fourth 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Mayville Engineering by 109.0% during the third 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. 45.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on MEC. Weiss Ratings downgraded shares of Mayville Engineering from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. Citigroup upped their target price on shares of Mayville Engineering from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. DA Davidson upped their target price on shares of Mayville Engineering from $23.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of Mayville Engineering from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Finally, Northland Securities set a $30.00 target price on shares of Mayville Engineering in a research note on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.75.

Check Out Our Latest Stock Analysis on Mayville Engineering

About Mayville Engineering

(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.