NYSE:MEC Mayville Engineering (MEC) Stock Forecast, Price & News $10.83 -0.14 (-1.28%) (As of 10/2/2023 ET) Add Compare Share Share Today's Range$10.72▼$11.0550-Day Range$10.53▼$12.5652-Week Range$5.95▼$16.66Volume63,072 shsAverage Volume82,533 shsMarket Capitalization$220.82 millionP/E Ratio16.92Dividend YieldN/APrice Target$17.33 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Mayville Engineering MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside60.0% Upside$17.33 Price TargetShort InterestBearish2.60% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.69Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth9.88%From $0.81 to $0.89 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.15 out of 5 starsConstruction Sector68th out of 102 stocksMetal Forgings & Stampings Industry4th out of 4 stocks 3.4 Analyst's Opinion Consensus RatingMayville Engineering has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.33, Mayville Engineering has a forecasted upside of 60.0% from its current price of $10.83.Amount of Analyst CoverageMayville Engineering has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.60% of the float of Mayville Engineering has been sold short.Short Interest Ratio / Days to CoverMayville Engineering has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Mayville Engineering has recently increased by 0.28%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldMayville Engineering does not currently pay a dividend.Dividend GrowthMayville Engineering does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEC. Previous Next 2.6 News and Social Media Coverage News SentimentMayville Engineering has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Mayville Engineering this week, compared to 1 article on an average week.MarketBeat Follows2 people have added Mayville Engineering to their MarketBeat watchlist in the last 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mayville Engineering insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.90% of the stock of Mayville Engineering is held by insiders.Percentage Held by Institutions42.78% of the stock of Mayville Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Mayville Engineering are expected to grow by 9.88% in the coming year, from $0.81 to $0.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mayville Engineering is 16.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.82.Price to Earnings Ratio vs. SectorThe P/E ratio of Mayville Engineering is 16.92, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 14.76.Price to Book Value per Share RatioMayville Engineering has a P/B Ratio of 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Mayville Engineering (NYSE:MEC) StockMayville 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.Read More MEC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MEC Stock News HeadlinesSeptember 29, 2023 | finance.yahoo.comImplied Volatility Surging for Mayville Engineering (MEC) Stock OptionsSeptember 14, 2023 | markets.businessinsider.comMayville Engineering Backs Annual Sales View; Announces 2026 TargetsOctober 3, 2023 | Legacy Research (Ad)Elon Did It Again: This Could be Bigger than TeslaLove him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.September 14, 2023 | finance.yahoo.comMayville Engineering Company to Introduce Strategy Update & Multi-Year Financial Targets at 2023 Investor DaySeptember 12, 2023 | msn.comMayville Engineering : Value May Not Be Enough At PresentAugust 24, 2023 | msn.comThese firms from Dodge County, elsewhere need talent. So they're opening Milwaukee officesAugust 23, 2023 | finance.yahoo.comThose who invested in Mayville Engineering Company (NYSE:MEC) a year ago are up 48%August 16, 2023 | markets.businessinsider.com4 Analysts Have This to Say About Mayville EngineeringOctober 3, 2023 | Goldco (Ad)Warren Buffett: Stark Warning On InflationAccording to a recent letter to Berkshire Hathaway shareholders, “Billionaire Investment Guru Warren Buffett issues stark inflation warning”. The new numbers have shown a comeback for inflation, surging to its highest levels in six months, and it’s now looking like there’s little chance our policy makers can put this cat back in the bag. That’s why it’s critical you heed Warren’s Buffett’s advice and “brace yourself”, before it’s too late. Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late! August 16, 2023 | markets.businessinsider.comCiti Reaffirms Their Buy Rating on Mayville Engineering Company (MEC)August 15, 2023 | msn.comMayville Engineering is moving its headquarters to Milwaukee to help recruit talentAugust 4, 2023 | msn.comEF Hutton Reiterates Mayville Engineering (MEC) Buy RecommendationAugust 1, 2023 | markets.businessinsider.comRobert W. Baird Reaffirms Their Hold Rating on Mayville Engineering Company (MEC)August 1, 2023 | finance.yahoo.comMayville Engineering (MEC) Q2 Earnings Top EstimatesAugust 1, 2023 | finance.yahoo.comMayville Engineering Company Announces Second Quarter 2023 ResultsJuly 28, 2023 | fool.comMayville Engineering (NYSE: MEC)July 20, 2023 | finance.yahoo.comMayville Engineering Company to Host Inaugural Investor Day on September 14, 2023July 19, 2023 | finance.yahoo.comMayville Engineering Company Second Quarter 2023 Results Conference Call and Webcast DateJuly 17, 2023 | finance.yahoo.comWhen Should You Buy Mayville Engineering Company, Inc. (NYSE:MEC)?July 6, 2023 | finance.yahoo.comIs the Options Market Predicting a Spike in Mayville (MEC) Stock?July 5, 2023 | finance.yahoo.comMayville Engineering Company Completes Acquisition of Mid-States AluminumJune 29, 2023 | finance.yahoo.comMayville Engineering Company Announces Upsized $250 Million Credit FacilityJune 26, 2023 | finance.yahoo.comMayville Engineering Company to Join Russell 3000® IndexJune 21, 2023 | markets.businessinsider.comEF Hutton Remains a Buy on Mayville Engineering Company (MEC)June 20, 2023 | markets.businessinsider.comMayville Engineering Company (MEC) Gets a Hold from Robert W. BairdJune 20, 2023 | benzinga.comMayville Engineering Acquires Privately-Held Mid-States Aluminum For $96MJune 20, 2023 | msn.comMayville Engineering to buy Mid-States Aluminum in $96M dealSee More Headlines Receive MEC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mayville Engineering and its competitors with MarketBeat's FREE daily newsletter. Email Address MEC Company Calendar Last Earnings8/01/2023Today10/02/2023Next Earnings (Estimated)11/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Metal forgings & stampings Sub-IndustryN/A SectorConstruction Current SymbolNYSE:MEC CUSIPN/A CIK1766368 Webwww.mecinc.com Phone(920) 387-4500FaxN/AEmployees2,300Year FoundedN/APrice Target and Rating Average Stock Price Forecast$17.33 High Stock Price Forecast$20.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+60.0%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.64 Trailing P/E Ratio16.92 Forward P/E Ratio13.37 P/E GrowthN/ANet Income$18.73 million Net Margins2.41% Pretax Margin2.70% Return on Equity8.02% Return on Assets3.79% Debt Debt-to-Equity Ratio0.79 Current Ratio3.03 Quick Ratio2.18 Sales & Book Value Annual Sales$539.39 million Price / Sales0.41 Cash Flow$2.36 per share Price / Cash Flow4.58 Book Value$10.80 per share Price / Book1.00Miscellaneous Outstanding Shares20,390,000Free Float19,190,000Market Cap$220.82 million OptionableNot Optionable Beta0.86 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Jagadeesh A. Reddy (Age 51)Pres, CEO & Director Comp: $978.9kMr. Todd M. Butz (Age 51)CFO, Sec. & Treasurer Comp: $936.21kMr. Ryan F. Raber (Age 40)Exec. VP of Strategy, Sales & Marketing Comp: $858.12kMr. Randall P. Stille (Age 52)Chief Operating Officer Mr. Sean P. Leuba (Age 52)Sr. VP of Corp. Devel. & Gen. Counsel Ms. Rachele M. LehrChief HR OfficerMore ExecutivesKey CompetitorsOrion GroupNYSE:ORNWilldan GroupNASDAQ:WLDNLatham GroupNASDAQ:SWIMCaesarstoneNASDAQ:CSTESouthlandNASDAQ:SLNDView All CompetitorsInsiders & InstitutionsOsaic Holdings Inc.Bought 83,736 shares on 8/21/2023Ownership: 1.054%California State Teachers Retirement SystemBought 3,675 shares on 8/21/2023Ownership: 0.018%Nuveen Asset Management LLCBought 41,078 shares on 8/16/2023Ownership: 0.201%Harbour Investments Inc.Sold 1,262 shares on 8/15/2023Ownership: 0.038%Citadel Advisors LLCBought 3,200 shares on 8/15/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions MEC Stock - Frequently Asked Questions Should I buy or sell Mayville Engineering stock right now? 4 Wall Street 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 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 forecast for 2023? 4 brokers have issued 12-month price objectives for Mayville Engineering's stock. Their MEC share price forecasts range from $14.00 to $20.00. On average, they anticipate the company's stock price to reach $17.33 in the next twelve months. This suggests a possible upside of 60.0% 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 at the start of the year. Since then, MEC stock has decreased by 14.5% and is now trading at $10.83. View the best growth stocks for 2023 here. When is Mayville Engineering's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023. View our MEC earnings forecast. How were Mayville Engineering's earnings last quarter? Mayville Engineering Company, Inc. (NYSE:MEC) issued its earnings results on Tuesday, August, 1st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $138.98 million for the quarter, compared to analysts' expectations of $143.28 million. Mayville Engineering had a trailing twelve-month return on equity of 8.02% and a net margin of 2.41%. 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 earnings per share 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 on Thursday, May 9th 2019. The company issued 6,300,000 shares at a price of $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. What is Mayville Engineering's stock symbol? Mayville Engineering trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEC." 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. What is Mayville Engineering's stock price today? One share of MEC stock can currently be purchased for approximately $10.83. How much money does Mayville Engineering make? Mayville Engineering (NYSE:MEC) has a market capitalization of $220.82 million and generates $539.39 million in revenue each year. The company earns $18.73 million in net income (profit) each year or $0.64 on an earnings per share basis. How many employees does Mayville Engineering have? The company employs 2,300 workers across the globe. How can I contact Mayville Engineering? Mayville Engineering's mailing address is 715 SOUTH STREET, MAYVILLE WI, 53050. The official website for the company is www.mecinc.com. The company can be reached via phone at (920) 387-4500 or via email at nelwell@lincolnchurchilladvisors.com. This page (NYSE:MEC) was last updated on 10/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Mayville Engineering Company, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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