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NYSE:MEC

Mayville Engineering (MEC) Stock Price, News & Analysis

$12.49
-0.08 (-0.64%)
(As of 09:42 AM ET)
Today's Range
$12.49
$12.57
50-Day Range
$11.64
$14.61
52-Week Range
$9.55
$16.07
Volume
779 shs
Average Volume
39,550 shs
Market Capitalization
$253.67 million
P/E Ratio
32.03
Dividend Yield
N/A
Price Target
$17.00

Mayville Engineering MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
35.2% Upside
$17.00 Price Target
Short Interest
Bearish
2.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.08mentions of Mayville Engineering in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
80.49%
From $0.41 to $0.74 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.52 out of 5 stars

Construction Sector

61st out of 100 stocks

Metal Forgings & Stampings Industry

4th out of 4 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

Mayville Engineering's Earnings Outlook
Detecting Cancer in Mere Seconds: Early Investment Opportunity
A revolutionary cancer diagnostic tool is likely to come to fruition with anticipated FDA approval expected in just months. With the ability to detect cancer's "molecular fingerprint" in just seconds, it also offers far superior accuracy to current detection methods and reduces the need for invasive biopsies.
Mayville Engineering (MEC) to Release Earnings on Tuesday
Mayville Engineering Co. Inc.
MEC Feb 2024 12.500 call
Detecting Cancer in Mere Seconds: Early Investment Opportunity
A revolutionary cancer diagnostic tool is likely to come to fruition with anticipated FDA approval expected in just months. With the ability to detect cancer's "molecular fingerprint" in just seconds, it also offers far superior accuracy to current detection methods and reduces the need for invasive biopsies.
Q3 2023 Mayville Engineering Company Inc Earnings Call
Mayville Engineering Co Inc MEC
Mayville Engineering Backs Annual Sales View; Announces 2026 Targets
See More Headlines
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Company Calendar

Today
3/05/2024
Last Earnings
3/05/2024
Next Earnings (Confirmed)
3/05/2024
Fiscal Year End
12/31/2024

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
$17.00
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+35.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$18.73 million
Pretax Margin
1.53%

Debt

Sales & Book Value

Annual Sales
$539.39 million
Cash Flow
$2.41 per share
Book Value
$10.80 per share

Miscellaneous

Free Float
19,110,000
Market Cap
$255.30 million
Optionable
Not Optionable
Beta
0.82
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Key Executives

  • Mr. Jagadeesh A. Reddy (Age 52)
    President, CEO & Director
    Comp: $978.9k
  • Mr. Todd M. Butz (Age 52)
    CFO, Secretary & Treasurer
    Comp: $936.21k
  • Mr. Ryan F. Raber (Age 41)
    Executive Vice President of Strategy, Sales & Marketing
    Comp: $858.12k
  • Mr. Sean P. Leuba (Age 53)
    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?

2 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 1 buy rating 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?

2 brokerages have issued 1-year price targets for Mayville Engineering's stock. Their MEC share price targets range from $14.00 to $20.00. On average, they expect the company's share price to reach $17.00 in the next year. This suggests a possible upside of 35.2% 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 2024?

Mayville Engineering's stock was trading at $14.42 on January 1st, 2024. Since then, MEC shares have decreased by 12.8% and is now trading at $12.57.
View the best growth stocks for 2024 here
.

Are investors shorting Mayville Engineering?

Mayville Engineering saw a decline in short interest in the month of January. As of January 31st, there was short interest totaling 315,900 shares, a decline of 13.8% from the January 15th total of 366,600 shares. Based on an average trading volume of 46,100 shares, the days-to-cover ratio is presently 6.9 days. Approximately 2.3% of the company's 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, March 5th 2024.
View our MEC earnings forecast
.

How can I listen to Mayville Engineering's earnings call?

Mayville Engineering will be holding an earnings conference call on Wednesday, March 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 226-828-7578 with passcode "125943".

How were Mayville Engineering's earnings last quarter?

Mayville Engineering Company, Inc. (NYSE:MEC) released its quarterly earnings results on Tuesday, March, 5th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.03. Mayville Engineering had a trailing twelve-month return on equity of 7.64% and a net margin of 1.41%. During the same quarter in the previous year, the firm earned $0.22 EPS.

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), 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 IPO on Thursday, May 9th 2019. The company issued 6,300,000 shares at $19.00-$21.00 per share. Baird, Citigroup and Jefferies acted 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 many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (12.92%), Vanguard Group Inc. (2.46%), Dimensional Fund Advisors LP (1.92%), UBS Group AG (1.12%), Bridgeway Capital Management LLC (0.97%) and JB Capital Partners LP (0.84%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MEC) was last updated on 3/5/2024 by MarketBeat.com Staff

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