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NYSE:MEC - Mayville Engineering Stock Price, Forecast & News

$5.99
-0.78 (-11.52 %)
(As of 03/30/2020 06:35 AM ET)
Today's Range
$5.91
Now: $5.99
$6.63
50-Day Range
$4.01
MA: $6.83
$8.04
52-Week Range
$3.89
Now: $5.99
$17.40
Volume19,449 shs
Average Volume48,097 shs
Market Capitalization$117.10 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Mayville Engineering Company, Inc. operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components. It also supplies engineered components to original equipment manufacturers; and manufactures stamped and fabricated metal products. The company was founded in 1945 and is headquartered in Mayville, Wisconsin.
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Mayville Engineering logo

Industry, Sector and Symbol

Industry Metal forgings & stampings
Sub-IndustryN/A
SectorConstruction
CUSIPN/A
CIKN/A
Phone920-387-4500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$519.70 million
Cash Flow$2.65 per share
Book Value$10.18 per share

Profitability

Net Income$-4,750,000.00

Miscellaneous

Employees2,600
Market Cap$117.10 million
Next Earnings Date5/26/2020 (Estimated)
OptionableNot Optionable

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Mayville Engineering (NYSE:MEC) Frequently Asked Questions

How has Mayville Engineering's stock been impacted by COVID-19 (Coronavirus)?

Mayville Engineering's stock was trading at $5.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MEC shares have increased by 5.6% and is now trading at $5.99. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mayville Engineering?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Mayville Engineering.

When is Mayville Engineering's next earnings date?

Mayville Engineering is scheduled to release its next quarterly earnings announcement on Tuesday, May 26th 2020. View our earnings forecast for Mayville Engineering.

How were Mayville Engineering's earnings last quarter?

Mayville Engineering Company, Inc. (NYSE:MEC) issued its quarterly earnings results on Wednesday, February, 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.12. The company had revenue of $102.33 million for the quarter, compared to analysts' expectations of $100.14 million. Mayville Engineering had a positive return on equity of 10.49% and a negative net margin of 0.93%. View Mayville Engineering's earnings history.

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

Mayville Engineering updated its FY 2020 After-Hours earnings guidance on Wednesday, February, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $425-465 million, compared to the consensus revenue estimate of $457.1 million.

What price target have analysts set for MEC?

5 equities research analysts have issued 1-year target prices for Mayville Engineering's shares. Their forecasts range from $17.00 to $19.00. On average, they expect Mayville Engineering's stock price to reach $18.00 in the next year. This suggests a possible upside of 200.5% from the stock's current price. View analysts' price targets for Mayville Engineering.

Has Mayville Engineering been receiving favorable news coverage?

Media coverage about MEC stock has trended somewhat negative on Monday, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mayville Engineering earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutMayville Engineering.

Are investors shorting Mayville Engineering?

Mayville Engineering saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 25,400 shares, an increase of 26.4% from the February 13th total of 20,100 shares. Based on an average trading volume of 47,100 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold. View Mayville Engineering's Current Options Chain.

Who are some of Mayville Engineering's key competitors?

Some companies that are related to Mayville Engineering include TriMas (TRS), Materion (MTRN), Park-Ohio (PKOH), Shiloh Industries (SHLO) and Omni-Lite Industries Canada (OLNCF).

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 LP Unit (ET), NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Exxon Mobil (XOM), Aptinyx (APTX), Gilead Sciences (GILD), Onconova Therapeutics (ONTX), Opko Health (OPK) and AbbVie (ABBV).

Who are Mayville Engineering's key executives?

Mayville Engineering's management team includes the following people:
  • Mr. Robert D. Kamphuis, Chairman, CEO & Pres (Age 61)
  • Mr. Todd M. Butz, CFO, Sec. & Treasurer (Age 48)
  • Mr. Ryan F. Raber, Exec. VP of Strategy, Sales & Marketing (Age 36)
  • Mr. Stephen P. Mance, Chief Operating Officer
  • Mr. Clifford O. Sanderson, VP of HR (Age 61)

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 $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."

Who are Mayville Engineering's major shareholders?

Mayville Engineering's stock is owned by a number of retail and institutional investors. Top institutional investors include Jennison Associates LLC (3.79%), Royce & Associates LP (2.46%), State Street Corp (0.48%), Tocqueville Asset Management L.P. (0.48%), Geode Capital Management LLC (0.45%) and Advisor Group Inc. (0.37%). Company insiders that own Mayville Engineering stock include Clifford O Sanderson, Craig E Johnson, Jay O Rothman, Peter John A St, Robert D Kamphuis, Ryan F Raber, Slater Chad, Steven L Fisher, Timothy L Christen and Todd M Butz. View institutional ownership trends for Mayville Engineering.

Which institutional investors are selling Mayville Engineering stock?

MEC stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, and Nuveen Asset Management LLC. View insider buying and selling activity for Mayville Engineering.

Which institutional investors are buying Mayville Engineering stock?

MEC stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Tocqueville Asset Management L.P., Advisor Group Inc., Strs Ohio, Bank of New York Mellon Corp, State Street Corp, Alambic Investment Management L.P., and Marshall Wace LLP. Company insiders that have bought Mayville Engineering stock in the last two years include Clifford O Sanderson, Craig E Johnson, Jay O Rothman, Peter John A St, Robert D Kamphuis, Ryan F Raber, Slater Chad, Steven L Fisher, Timothy L Christen, and Todd M Butz. View insider buying and selling activity for Mayville Engineering.

How do I buy shares of Mayville Engineering?

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

What is Mayville Engineering's stock price today?

One share of MEC stock can currently be purchased for approximately $5.99.

How big of a company is Mayville Engineering?

Mayville Engineering has a market capitalization of $117.10 million and generates $519.70 million in revenue each year. The company earns $-4,750,000.00 in net income (profit) each year or $1.11 on an earnings per share basis. Mayville Engineering employs 2,600 workers across the globe. View additional information about Mayville Engineering.

What is Mayville Engineering's official website?

The official website for Mayville Engineering is http://www.mecinc.com/.

How can I contact Mayville Engineering?

Mayville Engineering's mailing address is 715 SOUTH STREET, MAYVILLE WI, 53050. The company can be reached via phone at 920-387-4500 or via email at [email protected]


MarketBeat Community Rating for Mayville Engineering (NYSE MEC)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  56 (Vote Outperform)
Underperform Votes:  83 (Vote Underperform)
Total Votes:  139
MarketBeat's community ratings are surveys of what our community members think about Mayville Engineering and other stocks. Vote "Outperform" if you believe MEC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MEC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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