Mayville Engineering (NYSE:MEC) Stock Gets Price Target Cut from DA Davidson

Posted by Brian Himes on Nov 12th, 2026

Mayville Engineering (NYSE:MEC – Free Report) had its price objective trimmed by DA Davidson from $36.00 to $19.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on MEC. Citigroup cut their target price on shares of Mayville Engineering from $38.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Mayville Engineering in a research report on Tuesday, October 6th. Finally, Northland Securities set a $40.00 target price on Mayville Engineering in a research note on Thursday, August 6th. Three 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 presently has a consensus rating of “Hold” and a consensus price target of $28.67.

View Our Latest Research Report on MEC

Mayville Engineering Stock Up 1.8%

Shares of Mayville Engineering stock opened at $13.99 on Monday. The company has a market cap of $356.77 million, a P/E ratio of -20.28 and a beta of 1.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.96 and a current ratio of 1.74. Mayville Engineering has a one year low of $12.41 and a one year high of $38.76. The firm has a fifty day moving average of $15.91 and a two-hundred day moving average of $22.44.

Mayville Engineering (NYSE:MEC – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The company had revenue of $170.36 million during the quarter, compared to analysts’ expectations of $165.07 million. Mayville Engineering had a negative net margin of 2.32% and a negative return on equity of 5.05%. On average, analysts forecast that Mayville Engineering will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Mayville Engineering

Institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc purchased a new stake in Mayville Engineering in the 2nd quarter worth approximately $53,000. Parkside Financial Bank & Trust raised its holdings in Mayville Engineering by 4,657.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,665 shares of the company’s stock valued at $62,000 after acquiring an additional 1,630 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Mayville Engineering by 33.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,207 shares of the company’s stock worth $77,000 after purchasing an additional 1,304 shares during the period. Persistent Asset Partners Ltd purchased a new position in shares of Mayville Engineering during the 2nd quarter worth $80,000. Finally, State of Wyoming purchased a new position in shares of Mayville Engineering during the 3rd quarter worth $83,000. Hedge funds and other institutional investors own 45.44% of the company’s stock.

About Mayville Engineering

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Mayville Engineering Company (MEC) is a contract manufacturer headquartered in Mayville, Wisconsin. Founded in 1945, the company provides engineering, metal fabrication, finishing and assembly services for original equipment manufacturers. MEC’s capabilities include laser cutting, stamping, forming, welding, machining, coating and the production of finished components and assemblies. Its products are used in applications such as vehicle frames, chassis, cab structures and other equipment components.