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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
Freshworks gets juiced on its AI customer engagement platform
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
3 tech outperformers adored by analysts
High short interest stocks: this popular trend is re-emerging
New CBOE “special perk” helps traders target income every weekend (Ad)
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Boeing glides past series of setbacks on new flight path
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Fed is set to leave interest rates unchanged while facing speculation about eventual rate cuts
Stock market today: World shares mostly higher after Wall Street hits 2023 peak
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
Freshworks gets juiced on its AI customer engagement platform
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
3 tech outperformers adored by analysts
High short interest stocks: this popular trend is re-emerging
New CBOE “special perk” helps traders target income every weekend (Ad)
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Boeing glides past series of setbacks on new flight path
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Fed is set to leave interest rates unchanged while facing speculation about eventual rate cuts
Stock market today: World shares mostly higher after Wall Street hits 2023 peak
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
Freshworks gets juiced on its AI customer engagement platform
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
3 tech outperformers adored by analysts
High short interest stocks: this popular trend is re-emerging
New CBOE “special perk” helps traders target income every weekend (Ad)
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Boeing glides past series of setbacks on new flight path
Is This The Most Overlooked Gold Investment Strategy of 2024? (Ad)
Fed is set to leave interest rates unchanged while facing speculation about eventual rate cuts
Stock market today: World shares mostly higher after Wall Street hits 2023 peak

Mayville Engineering (MEC) Stock Price, News & Analysis

$13.10
+0.05 (+0.38%)
(As of 12/8/2023 08:57 PM ET)
Compare
Today's Range
$12.77
$13.47
50-Day Range
$10.73
$13.30
52-Week Range
$9.55
$16.66
Volume
29,200 shs
Average Volume
96,461 shs
Market Capitalization
$266.06 million
P/E Ratio
33.59
Dividend Yield
N/A
Price Target
$17.00

Mayville Engineering MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
29.8% Upside
$17.00 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.

2.41 out of 5 stars

Construction Sector

23rd out of 89 stocks

Metal Forgings & Stampings Industry

3rd 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Q3 2023 Mayville Engineering Company Inc Earnings Call
Mayville Engineering Co Inc MEC
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
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
12/10/2023
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
$17.00
High Stock Price Target
$20.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+29.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$18.73 million
Pretax Margin
1.53%

Debt

Sales & Book Value

Annual Sales
$539.39 million
Cash Flow
$2.40 per share
Book Value
$10.80 per share

Miscellaneous

Free Float
19,110,000
Market Cap
$266.06 million
Optionable
Not Optionable
Beta
0.82
12 Stocks Corporate Insiders are Abandoning Cover

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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?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last twelve months. There are currently 1 hold rating and 2 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?

3 Wall Street research analysts have issued 12-month 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 stock price to reach $17.00 in the next year. This suggests a possible upside of 29.8% 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 shares have increased by 3.5% and is now trading at $13.10.
View the best growth stocks for 2023 here
.

Are investors shorting Mayville Engineering?

Mayville Engineering saw a increase in short interest in the month of 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 short-interest ratio is currently 6.4 days. Currently, 3.3% of the shares of the company 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) announced its quarterly earnings results on Tuesday, October, 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. The company 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 updated its FY 2023 earnings guidance on Wednesday, September, 20th. The company provided earnings per share (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 a price of $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 many different institutional and retail investors. Top institutional investors 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 12/11/2023 by MarketBeat.com Staff

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