NYSE:MEC Mayville Engineering Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. Log In and Add $8.86 -0.17 (-1.88 %) (As of 09/25/2020 12:00 AM ET) Add Compare Share Today's Range$8.62Now: $8.86▼$9.1450-Day Range$7.72MA: $8.95▼$9.9752-Week Range$3.89Now: $8.86▼$14.21Volume17,952 shsAverage Volume44,727 shsMarket Capitalization$177.72 millionP/E Ratio147.67Dividend YieldN/ABeta0.34 ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesInstitutional OwnershipHeadlinesShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.5 Analyst's Opinion Consensus RatingMayville Engineering has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.00, Mayville Engineering has a forecasted upside of 12.9% from its current price of $8.86.Amount of Analyst CoverageMayville Engineering has only been the subject of 2 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesMayville Engineering has received 63 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMayville Engineering has received 90 “underperform” votes. (Add your “underperform” vote.)Community SentimentMayville Engineering has received 58.82% “underperform” votes from our community.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. 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 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mayville Engineering insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $128,500.00 in company stock.Percentage Held by InsidersOnly 3.90% of the stock of Mayville Engineering is held by insiders.Percentage Held by InstitutionsOnly 31.37% of the stock of Mayville Engineering is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Mayville Engineering are expected to grow in the coming year, from ($0.45) to $0.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mayville Engineering is 147.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.37.Price to Earnings Ratio vs. SectorThe P/E ratio of Mayville Engineering is 147.67, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 27.79.Price to Book Value per Share RatioMayville Engineering has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.5Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.17 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Metal forgings & stampings Sub-IndustryN/A SectorConstruction Current SymbolNYSE:MEC Previous Symbol CUSIPN/A CIKN/A Webwww.mecinc.com Phone920-387-4500Debt Debt-to-Equity Ratio0.39 Current Ratio2.81 Quick Ratio1.50Price-To-Earnings Trailing P/E Ratio147.67 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$519.70 million Price / Sales0.34 Cash Flow$2.58 per share Price / Cash Flow3.44 Book Value$10.18 per share Price / Book0.87Profitability EPS (Most Recent Fiscal Year)$1.11 Net Income$-4,750,000.00 Net Margins0.28% Return on Equity0.55% Return on Assets0.30%Miscellaneous Employees2,600 Outstanding Shares20,059,000Market Cap$177.72 million Next Earnings Date11/3/2020 (Estimated) OptionableNot Optionable $8.86 -0.17 (-1.88 %) (As of 09/25/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive MEC News and Ratings via Email Sign-up to receive the latest news and ratings for MEC and its competitors with MarketBeat's FREE daily newsletter. Mayville Engineering (NYSE:MEC) Frequently Asked Questions How has Mayville Engineering's stock price been impacted by Coronavirus (COVID-19)? Mayville Engineering's stock was trading at $5.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MEC stock has increased by 56.3% and is now trading at $8.86. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Mayville Engineering? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last year. There are currently 2 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, November 3rd 2020. View our earnings forecast for Mayville Engineering. How were Mayville Engineering's earnings last quarter? Mayville Engineering Company, Inc. (NYSE:MEC) issued its earnings results on Tuesday, August, 4th. The company reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.27) by $0.08. The company earned $62.58 million during the quarter, compared to analysts' expectations of $73.37 million. Mayville Engineering had a net margin of 0.28% and a return on equity of 0.55%. View Mayville Engineering's earnings history. What price target have analysts set for MEC? 2 brokerages have issued 12 month target prices for Mayville Engineering's stock. Their forecasts range from $10.00 to $10.00. On average, they anticipate Mayville Engineering's stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price. View analysts' price targets for Mayville Engineering. Are investors shorting Mayville Engineering? Mayville Engineering saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 58,800 shares, a decline of 36.2% from the August 15th total of 92,200 shares. Based on an average daily volume of 40,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the company's shares are sold short. View Mayville Engineering's Short Interest. Who are some of Mayville Engineering's key competitors? Some companies that are related to Mayville Engineering include Materion (MTRN), TriMas (TRS), Park-Ohio (PKOH), Omni-Lite Industries Canada (OLNCF) and Shiloh Industries (SHLO). View all competitors. 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), Aurora Cannabis (ACB), Alibaba Group (BABA), Walt Disney (DIS), NVIDIA (NVDA), Opko Health (OPK), Proteostasis Therapeutics (PTI), SSR Mining (SSRM), VBI Vaccines (VBIV) 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 OfficerMr. Clifford O. Sanderson, VP of HR (Age 61) 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 $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 variety of institutional and retail investors. Top institutional investors include Jennison Associates LLC (3.81%), Tocqueville Asset Management L.P. (1.99%), Gratia Capital LLC (1.40%), Advisor Group Holdings Inc. (0.83%), Bank of New York Mellon Corp (0.27%) and Bridgeway Capital Management Inc. (0.26%). Company insiders that own Mayville Engineering stock include Clifford O Sanderson, Craig E Johnson, Eric J Welak, 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 major investors are selling Mayville Engineering stock? MEC stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Gratia Capital LLC, Two Sigma Advisers LP, National Investment Services of America LLC, UBS Group AG, and Nuveen Asset Management LLC. Company insiders that have sold Mayville Engineering company stock in the last year include Craig E Johnson, and Eric J Welak. View insider buying and selling activity for Mayville Engineering. Which major investors are buying Mayville Engineering stock? MEC stock was purchased by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P., Bridgeway Capital Management Inc., Schafer Cullen Capital Management Inc, Advisor Group Holdings Inc., Gradient Investments LLC, Russell Investments Group Ltd., Jacobs Levy Equity Management Inc., and Bank of America Corp DE. 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 $8.86. How big of a company is Mayville Engineering? Mayville Engineering has a market capitalization of $177.72 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. What is Mayville Engineering's official website? The official website for Mayville Engineering is 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] This page was last updated on 9/25/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
