CenterBook Partners LP purchased a new stake in shares of Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 98,553 shares of the company's stock, valued at approximately $1,324,000. CenterBook Partners LP owned 0.48% of Mayville Engineering as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Mayville Engineering by 29.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,791 shares of the company's stock valued at $212,000 after purchasing an additional 3,564 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Mayville Engineering by 4.7% in the first quarter. Janney Montgomery Scott LLC now owns 36,309 shares of the company's stock worth $488,000 after acquiring an additional 1,646 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Mayville Engineering by 9,690.3% in the first quarter. GAMMA Investing LLC now owns 3,035 shares of the company's stock worth $41,000 after acquiring an additional 3,004 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Mayville Engineering by 28.2% in the fourth quarter. Jane Street Group LLC now owns 18,248 shares of the company's stock worth $287,000 after acquiring an additional 4,013 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Mayville Engineering in the first quarter worth about $152,000. Institutional investors and hedge funds own 45.44% of the company's stock.
Mayville Engineering Stock Performance
Shares of MEC traded down $0.53 during mid-day trading on Friday, reaching $15.31. The company's stock had a trading volume of 72,586 shares, compared to its average volume of 114,066. Mayville Engineering Company, Inc. has a 1-year low of $11.72 and a 1-year high of $23.02. The stock has a market cap of $313.24 million, a P/E ratio of 14.18 and a beta of 1.15. The business has a 50-day simple moving average of $15.73 and a two-hundred day simple moving average of $14.80. The company has a current ratio of 1.67, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.
Mayville Engineering (NYSE:MEC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $135.58 million during the quarter, compared to analysts' expectations of $134.52 million. Mayville Engineering had a return on equity of 9.30% and a net margin of 4.09%. During the same period last year, the firm posted $0.22 EPS. As a group, equities research analysts anticipate that Mayville Engineering Company, Inc. will post 0.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms recently issued reports on MEC. DA Davidson began coverage on Mayville Engineering in a report on Tuesday, June 17th. They set a "buy" rating and a $23.00 price objective for the company. Citigroup reiterated a "buy" rating and set a $21.00 price objective (up from $17.00) on shares of Mayville Engineering in a report on Monday, July 14th.
Read Our Latest Stock Analysis on MEC
Mayville Engineering Company Profile
(
Free Report)
Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.
Featured Articles

Before you consider Mayville Engineering, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mayville Engineering wasn't on the list.
While Mayville Engineering currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for August 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.