Mayville Engineering (NYSE:MEC) Posts Earnings Results, Beats Estimates By $0.12 EPS

Posted by Geri Gentry on Aug 5th, 2026

Mayville Engineering (NYSE:MEC – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.12, FiscalAI reports. Mayville Engineering had a negative return on equity of 5.77% and a negative net margin of 2.93%.The company had revenue of $162.98 million during the quarter, compared to analysts’ expectations of $150.59 million.

Mayville Engineering Price Performance

Mayville Engineering stock traded up $0.13 during midday trading on Wednesday, hitting $27.86. 395,207 shares of the company’s stock were exchanged, compared to its average volume of 349,680. The company has a market cap of $570.85 million, a P/E ratio of -34.82 and a beta of 1.27. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 1.64. The stock has a 50-day moving average price of $32.23 and a two-hundred day moving average price of $24.72. Mayville Engineering has a 52-week low of $12.10 and a 52-week high of $38.76.

Insider Activity

In related news, SVP Craig D. Nichols sold 4,000 shares of the stock in a transaction on Thursday, May 21st. The stock was 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 $3,393.04. This represents a 96.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ryan F. Raber sold 20,000 shares of the stock in a transaction on 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 directly owned 86,970 shares in the company, valued at approximately $2,261,220. This represents a 18.70% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 80,726 shares of company stock worth $2,311,768. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mayville Engineering

Several institutional investors have recently modified their holdings of MEC. Empowered Funds LLC raised its holdings in shares of Mayville Engineering by 7.3% during the 1st quarter. Empowered Funds LLC now owns 98,207 shares of the company’s stock valued at $1,319,000 after buying an additional 6,694 shares in the last quarter. Jane Street Group LLC boosted its stake in Mayville Engineering by 158.6% in the first quarter. Jane Street Group LLC now owns 47,194 shares of the company’s stock worth $634,000 after buying an additional 28,946 shares in the last quarter. Geode Capital Management LLC grew its position in Mayville Engineering by 9.5% during the second quarter. Geode Capital Management LLC now owns 318,321 shares of the company’s stock valued at $5,081,000 after acquiring an additional 27,552 shares during the last quarter. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 1,359 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Mayville Engineering by 8.3% during the second quarter. Rhumbline Advisers now owns 19,969 shares of the company’s stock worth $319,000 after acquiring an additional 1,526 shares in the last quarter. 45.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MEC has been the subject of a number of recent analyst reports. Northland Securities set a $30.00 target price on Mayville Engineering in a report on Thursday, May 7th. DA Davidson raised their price objective on shares of Mayville Engineering from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Citigroup boosted their price objective on shares of Mayville Engineering from $33.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Mayville Engineering in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Mayville Engineering currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.25.

Check Out Our Latest Research Report on Mayville Engineering

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.