Mayville Engineering (NYSE:MEC) CEO Jagadeesh Reddy Sells 15,688 Shares

Posted by on Jun 13th, 2026

Mayville Engineering Company, Inc. (NYSE:MEC – Get Free Report) CEO Jagadeesh Reddy sold 15,688 shares of Mayville Engineering stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $35.05, for a total transaction of $549,864.40. Following the completion of the sale, the chief executive officer owned 124,105 shares of the company’s stock, valued at approximately $4,349,880.25. This trade represents a 11.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mayville Engineering Stock Up 1.1%

Shares of NYSE:MEC opened at $35.61 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91. The company has a fifty day simple moving average of $24.94 and a 200 day simple moving average of $20.97. The firm has a market cap of $729.73 million, a PE ratio of -44.52 and a beta of 1.29. Mayville Engineering Company, Inc. has a 12-month low of $12.10 and a 12-month high of $36.50.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MEC shares. Northland Securities set a $30.00 price target on shares of Mayville Engineering in a report on Thursday, May 7th. Zacks Research raised shares of Mayville Engineering from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. DA Davidson upped their price objective 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 upped their price objective 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, Weiss Ratings downgraded shares of Mayville Engineering from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.75.

View Our Latest Research Report on Mayville Engineering

Institutional Investors Weigh In On Mayville Engineering

Several hedge funds and other institutional investors have recently bought and sold shares of MEC. BNP Paribas Financial Markets raised its position in Mayville Engineering by 109.0% in the third quarter. BNP Paribas Financial Markets now owns 2,751 shares of the company’s stock worth $38,000 after acquiring an additional 1,435 shares in the last quarter. Clearstead Advisors LLC raised its position in Mayville Engineering by 194.9% in the fourth quarter. Clearstead Advisors LLC now owns 2,094 shares of the company’s stock worth $39,000 after acquiring an additional 1,384 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Mayville Engineering in the fourth quarter worth about $73,000. Picton Mahoney Asset Management bought a new stake in Mayville Engineering in the fourth quarter worth about $109,000. Finally, AlphaQuest LLC raised its holdings in Mayville Engineering by 26.2% during the 3rd quarter. AlphaQuest LLC now owns 8,342 shares of the company’s stock worth $115,000 after buying an additional 1,733 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.

Featured Stories

Insider Buying and Selling by Quarter for Mayville Engineering (NYSE:MEC)

Receive News & Ratings for Mayville Engineering Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mayville Engineering and related companies with MarketBeat.com's FREE daily email newsletter.