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Mayville Engineering Stock Price, News & Analysis (NYSE:MEC)

$13.10
+0.05 (+0.38%)
(As of 10:11 AM ET)
Compare
Today's Range
$12.81
$13.10
50-Day Range
$10.73
$13.30
52-Week Range
$9.55
$16.66
Volume
1,532 shs
Average Volume
96,748 shs
Market Capitalization
$266.06 million
P/E Ratio
33.59
Dividend Yield
N/A
Price Target
$17.33

Mayville Engineering MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
32.6% Upside
$17.33 Price Target
Short Interest
Healthy
3.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$100,500 Bought Last Quarter
Proj. Earnings Growth
8.00%
From $0.75 to $0.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Construction Sector

14th out of 80 stocks

Metal Forgings & Stampings Industry

2nd out of 2 stocks


MEC stock logo

About Mayville Engineering Stock (NYSE:MEC)

Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, prototyping and tooling, fabrication, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers. The company serves heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets. Mayville Engineering Company, Inc. was founded in 1945 and is headquartered in Mayville, Wisconsin.

MEC Stock Price History

MEC Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Q3 2023 Mayville Engineering Company Inc Earnings Call
Mayville Engineering Co Inc MEC
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Mayville Engineering Backs Annual Sales View; Announces 2026 Targets
4 Analysts Have This to Say About Mayville Engineering
Citi Reaffirms Their Buy Rating on Mayville Engineering Company (MEC)
Mayville Engineering (MEC) Q2 Earnings Top Estimates
See More Headlines
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Company Calendar

Last Earnings
10/31/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Metal forgings & stampings
Sub-Industry
N/A
Fax
N/A
Employees
2,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.33
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+32.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$18.73 million
Pretax Margin
1.53%

Debt

Sales & Book Value

Annual Sales
$539.39 million
Cash Flow
$2.44 per share
Book Value
$10.80 per share

Miscellaneous

Free Float
19,110,000
Market Cap
$265.45 million
Optionable
Not Optionable
Beta
0.82
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Key Executives

  • Mr. Jagadeesh A. Reddy (Age 51)
    President, CEO & Director
    Comp: $978.9k
  • Mr. Todd M. Butz (Age 51)
    CFO, Secretary & Treasurer
    Comp: $936.21k
  • Mr. Ryan F. Raber (Age 40)
    Executive Vice President of Strategy, Sales & Marketing
    Comp: $858.12k
  • Mr. Sean P. Leuba (Age 52)
    Senior VP of Corporate Development & General Counsel
  • Ms. Rachele M. Lehr
    Chief Human Resources Officer














MEC Stock Analysis - Frequently Asked Questions

Should I buy or sell Mayville Engineering stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MEC shares.
View MEC analyst ratings
or view top-rated stocks.

What is Mayville Engineering's stock price target for 2024?

4 brokers have issued 12 month price objectives for Mayville Engineering's shares. Their MEC share price targets range from $14.00 to $20.00. On average, they anticipate the company's stock price to reach $17.33 in the next year. This suggests a possible upside of 32.6% from the stock's current price.
View analysts price targets for MEC
or view top-rated stocks among Wall Street analysts.

How have MEC shares performed in 2023?

Mayville Engineering's stock was trading at $12.66 on January 1st, 2023. Since then, MEC stock has increased by 3.2% and is now trading at $13.07.
View the best growth stocks for 2023 here
.

Are investors shorting Mayville Engineering?

Mayville Engineering saw a increase in short interest in October. As of October 31st, there was short interest totaling 441,700 shares, an increase of 26.3% from the October 15th total of 349,700 shares. Based on an average daily volume of 69,100 shares, the days-to-cover ratio is presently 6.4 days. Approximately 3.3% of the shares of the stock are sold short.
View Mayville Engineering's Short Interest
.

When is Mayville Engineering's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our MEC earnings forecast
.

How were Mayville Engineering's earnings last quarter?

Mayville Engineering Company, Inc. (NYSE:MEC) released its earnings results on Tuesday, October, 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm earned $158.22 million during the quarter, compared to analyst estimates of $159.54 million. Mayville Engineering had a net margin of 1.41% and a trailing twelve-month return on equity of 7.64%.

What guidance has Mayville Engineering issued on next quarter's earnings?

Mayville Engineering issued an update on its FY 2023 earnings guidance on Wednesday, September, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $580.00 million-$610.00 million, compared to the consensus revenue estimate of $596.20 million.

What other stocks do shareholders of Mayville Engineering own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mayville Engineering investors own include Energy Transfer (ET), Aurora Cannabis (ACB), Alibaba Group (BABA), Walt Disney (DIS), NVIDIA (NVDA), OPKO Health (OPK), SSR Mining (SSRM), VBI Vaccines (VBIV), AbbVie (ABBV) and Aldeyra Therapeutics (ALDX).

When did Mayville Engineering IPO?

(MEC) raised $126 million in an initial public offering (IPO) on Thursday, May 9th 2019. The company issued 6,300,000 shares at $19.00-$21.00 per share. Baird, Citigroup and Jefferies served as the underwriters for the IPO and UBS Investment Bank and William Blair were co-managers.

Who are Mayville Engineering's major shareholders?

Mayville Engineering's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (12.90%), Tocqueville Asset Management L.P. (3.20%), UBS Group AG (1.09%), Blair William & Co. IL (0.96%), Ancora Advisors LLC (0.81%) and American Century Companies Inc. (0.48%). Insiders that own company stock include Jagadeesh A Reddy, Patrick D Michels, Robert D Kamphuis, Steven L Fisher, Timothy L Christen and Todd M Butz.
View institutional ownership trends
.

How do I buy shares of Mayville Engineering?

Shares of MEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:MEC) was last updated on 12/8/2023 by MarketBeat.com Staff

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