NYSE:MECMayville Engineering Stock Price, Forecast & News

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 (WHO). Since then, MEC stock has increased by 10.4% and is now trading at $6.26. View which stocks have been most impacted by Coronavirus.

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.

Mayville Engineering is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Mayville Engineering.

Mayville Engineering Company, Inc. (NYSE:MEC) released its quarterly earnings results on Tuesday, May, 5th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.05) by $0.05. The business earned $108.61 million during the quarter, compared to analyst estimates of $101.51 million. Mayville Engineering had a positive return on equity of 7.98% and a negative net margin of 1.50%. View Mayville Engineering's earnings history.

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

5 Wall Street analysts have issued twelve-month price targets for Mayville Engineering's stock. Their forecasts range from $8.00 to $19.00. On average, they expect Mayville Engineering's share price to reach $14.67 in the next year. This suggests a possible upside of 134.3% from the stock's current price. View analysts' price targets for Mayville Engineering.

Media stories about MEC stock have trended neutral recently, InfoTrie reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 0.2 on InfoTrie's scale. They also gave news articles about the company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutMayville Engineering.

Mayville Engineering saw a increase in short interest in May. As of May 15th, there was short interest totaling 42,700 shares, an increase of 12.1% from the April 30th total of 38,100 shares. Based on an average daily volume of 48,000 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are sold short. View Mayville Engineering's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Mayville Engineering investors own include Energy Transfer LP Unit (ET), Carnival (CCL), Walt Disney (DIS), NVIDIA (NVDA), Alibaba Group (BABA), Enterprise Products Partners (EPD), Ford Motor (F), Harley-Davidson (HOG), Kohl's (KSS) and Occidental Petroleum (OXY).

(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 served as the underwriters for the IPO and UBS Investment Bank and William Blair were co-managers.

Mayville Engineering trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEC."

Mayville Engineering's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wells Fargo & Company MN (6.60%), Invesco Ltd. (2.61%), Wellington Management Group LLP (2.38%), BlackRock Inc. (1.72%), Advisor Group Holdings Inc. (0.61%) and State Street Corp (0.50%). 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.

MEC stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Morgan Stanley, Nuveen Asset Management LLC, Invesco Ltd., Bank of New York Mellon Corp, UBS Group AG, Two Sigma Advisers LP, and Alambic Investment Management L.P.. View insider buying and selling activity for Mayville Engineering.

MEC stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Advisor Group Holdings Inc., Sontag Advisory LLC, National Investment Services of America LLC, Mesirow Financial Investment Management Inc., Squarepoint Ops LLC, Busey Wealth Management, and Geode Capital Management LLC. 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.

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.

One share of MEC stock can currently be purchased for approximately $6.26.

Mayville Engineering has a market capitalization of $124.12 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.

The official website for Mayville Engineering is www.mecinc.com.

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]