Should I buy or sell Mayville Engineering stock right now?

3 Wall Street 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 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 analysts have issued twelve-month price objectives 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 $17.33 in the next year. This suggests a possible upside of 27.7% 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 2024?

Mayville Engineering's stock was trading at $14.42 on January 1st, 2024. Since then, MEC shares have decreased by 5.9% and is now trading at $13.5750. View the best growth stocks for 2024 here .

When is Mayville Engineering's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our MEC earnings forecast .

How were Mayville Engineering's earnings last quarter?

Mayville Engineering Company, Inc. (NYSE:MEC) released its quarterly earnings results on Wednesday, March, 6th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.05. The business had revenue of $148.58 million for the quarter, compared to analysts' expectations of $157.08 million. Mayville Engineering had a net margin of 1.33% and a trailing twelve-month return on equity of 6.58%. During the same quarter in the previous year, the firm earned $0.22 earnings per share.

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

Mayville Engineering issued an update on its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $620.0 million-$640.0 million, compared to the consensus revenue estimate of $644.8 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) , 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?

Mayville Engineering (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.

Who are Mayville Engineering's major shareholders?

Mayville Engineering's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (12.86%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:MEC

Mayville Engineering (MEC) Stock Price, News & Analysis

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$13.58

+0.18 (+1.34%)

(As of 04/18/2024 ET)

Compare

Today's Range: $13.55
▼
$13.78
50-Day Range: $11.64
▼
$14.49
52-Week Range: $9.55
▼
$15.50

Volume: 44,711 shs
Average Volume: 68,773 shs
Market Capitalization: $276.39 million

P/E Ratio: 35.72
Dividend Yield: N/A
Price Target: $17.33

Get Mayville Engineering alerts:

Mayville Engineering MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 27.7% Upside
$17.33 Price Target
Short Interest: Healthy
2.16% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$20,046 Bought Last Quarter
Proj. Earnings Growth: 84.85%
From $0.66 to $1.22 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.21 out of 5 stars

Construction Sector

65th out of 102 stocks

Metal Forgings & Stampings Industry

4th out of 4 stocks

3.3

Analyst's Opinion

Consensus Rating
Mayville Engineering has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Mayville Engineering has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.16% of the float of Mayville Engineering has been sold short.
Short Interest Ratio / Days to Cover
Mayville Engineering has a short interest ratio ("days to cover") of 5.9.
Change versus previous month
Short interest in Mayville Engineering has recently decreased by 3.73%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Mayville Engineering does not currently pay a dividend.
Dividend Growth
Mayville Engineering does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEC.

1.5

News and Social Media Coverage

News Sentiment
Mayville Engineering has a news sentiment score of 0.63. 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 Week
MarketBeat has tracked 1 news article for Mayville Engineering this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Mayville Engineering to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mayville Engineering insiders have bought more of their company's stock than they have sold. Specifically, they have bought $20,046.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 6.40% of the stock of Mayville Engineering is held by insiders.
Percentage Held by Institutions
45.44% of the stock of Mayville Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Mayville Engineering are expected to grow by 84.85% in the coming year, from $0.66 to $1.22 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mayville Engineering is 35.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mayville Engineering is 35.72, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 16.38.
Price to Book Value per Share Ratio
Mayville Engineering has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Mayville Engineering Stock (NYSE:MEC)

Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, 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 vehicles, construction and access equipment, powersports, agriculture, military, and other end markets. Mayville Engineering Company, Inc. was founded in 1945 and is headquartered in Milwaukee, Wisconsin.

MEC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MEC Stock News Headlines

March 20, 2024 | insidertrades.com

Mayville Engineering Company, Inc. (NYSE:MEC) CEO Buys $20,046.00 in Stock

April 18, 2024 | finance.yahoo.com

This Mayville Engineering Company Insider Increased Their Holding By 36% Last Year

April 19, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

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April 9, 2024 | americanbankingnews.com

Mayville Engineering (NYSE:MEC) PT Raised to $18.00 at Citigroup

April 4, 2024 | investorplace.com

Mighty Micro-Cap Stocks: 7 Tiny Companies Packing Enormous Potential

March 28, 2024 | finance.yahoo.com

Owning 47% shares,institutional owners seem interested in Mayville Engineering Company, Inc. (NYSE:MEC),

March 8, 2024 | seekingalpha.com

Mayville Engineering Company, Inc. (MEC) Q4 2023 Earnings Call Transcript

March 8, 2024 | finance.yahoo.com

Mayville Engineering Company Full Year 2023 Earnings: EPS Misses Expectations

April 19, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

March 7, 2024 | finance.yahoo.com

Mayville Engineering Company, Inc. (NYSE:MEC) Q4 2023 Earnings Call Transcript

March 7, 2024 | finance.yahoo.com

Mayville Engineering Co Inc (MEC) Reports Solid Q4 and Full-Year 2023 Results Amidst Strategic ...

March 6, 2024 | benzinga.com

Mayville Engineering: Q4 Earnings Insights

March 6, 2024 | washingtonpost.com

Mayville Engineering: Q4 Earnings Snapshot

March 6, 2024 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Broadwind Energy (BWEN) and Mayville Engineering Company (MEC)

March 5, 2024 | investorplace.com

MEC Stock Earnings: Mayville Engineering Beats EPS, Misses Revenue for Q4 2023

March 5, 2024 | businesswire.com

Mayville Engineering Company Announces Fourth Quarter and Full-Year 2023 Results

March 4, 2024 | benzinga.com

Mayville Engineering's Earnings Outlook

February 21, 2024 | finance.yahoo.com

Mayville Engineering Company Announces Fourth Quarter and Full Year 2023 Results Conference Call and Webcast Date

February 21, 2024 | businesswire.com

Mayville Engineering Company Announces Fourth Quarter and Full Year 2023 Results Conference Call and Webcast Date

February 16, 2024 | wsj.com

Mayville Engineering Co. Inc.

February 15, 2024 | finance.yahoo.com

MEC Feb 2024 12.500 call

December 24, 2023 | finance.yahoo.com

Should You Think About Buying Mayville Engineering Company, Inc. (NYSE:MEC) Now?

December 23, 2023 | seekingalpha.com

Mayville Engineering: Slowing Demand Expected In All 5 Primary End Markets

December 21, 2023 | markets.businessinsider.com

Northland Securities Keeps Their Buy Rating on Mayville Engineering Company (MEC)

November 19, 2023 | finance.yahoo.com

With EPS Growth And More, Mayville Engineering Company (NYSE:MEC) Makes An Interesting Case

November 2, 2023 | finance.yahoo.com

Mayville Engineering Company, Inc. (NYSE:MEC) Q3 2023 Earnings Call Transcript

November 2, 2023 | finance.yahoo.com

Q3 2023 Mayville Engineering Company Inc Earnings Call

See More Headlines

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Company Calendar

Last Earnings: 3/06/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: Metal forgings & stampings
Sub-Industry: N/A
Current Symbol: NYSE:MEC
CUSIP: N/A
CIK: 1766368
Web: www.mecinc.com
Phone: (920) 387-4500
Fax: N/A
Employees: 2,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $17.33
High Stock Price Target: $20.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +27.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.38
Trailing P/E Ratio: 35.72
Forward P/E Ratio: 20.57
P/E Growth: N/A
Net Income: $7.84 million
Net Margins: 1.33%
Pretax Margin: 1.51%
Return on Equity: 6.58%
Return on Assets: 2.98%

Debt

Debt-to-Equity Ratio: 0.64
Current Ratio: 1.88
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $588.42 million
Price / Sales: 0.47
Cash Flow: $2.07 per share
Price / Cash Flow: 6.55
Book Value: $11.32 per share
Price / Book: 1.20

Miscellaneous

Outstanding Shares: 20,360,000
Free Float: 19,062,000
Market Cap: $276.39 million
Optionable: Not Optionable
Beta: 0.84

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Key Executives

Mr. Jagadeesh A. Reddy (Age 52)
President, CEO & Director
Comp: $1.31M
Mr. Todd M. Butz (Age 52)
CFO, Secretary & Treasurer
Comp: $948.1k
Mr. Ryan F. Raber (Age 41)
Executive Vice President of Strategy, Sales & Marketing
Comp: $870.7k
Mr. Sean P. Leuba (Age 53)
Senior VP of Corporate Development & General Counsel
Ms. Rachele M. Lehr
Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MEC Stock Analysis - Frequently Asked Questions

Should I buy or sell Mayville Engineering stock right now?: 3 Wall Street 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 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 analysts have issued twelve-month price objectives 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 $17.33 in the next year. This suggests a possible upside of 27.7% 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 2024?: Mayville Engineering's stock was trading at $14.42 on January 1st, 2024. Since then, MEC shares have decreased by 5.9% and is now trading at $13.5750.
View the best growth stocks for 2024 here.
When is Mayville Engineering's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our MEC earnings forecast.
How were Mayville Engineering's earnings last quarter?: Mayville Engineering Company, Inc. (NYSE:MEC) released its quarterly earnings results on Wednesday, March, 6th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.05. The business had revenue of $148.58 million for the quarter, compared to analysts' expectations of $157.08 million. Mayville Engineering had a net margin of 1.33% and a trailing twelve-month return on equity of 6.58%. During the same quarter in the previous year, the firm earned $0.22 earnings per share.
What guidance has Mayville Engineering issued on next quarter's earnings?: Mayville Engineering issued an update on its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $620.0 million-$640.0 million, compared to the consensus revenue estimate of $644.8 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), 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?: Mayville Engineering (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.
Who are Mayville Engineering's major shareholders?: Mayville Engineering's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (12.86%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MEC) was last updated on 4/19/2024 by MarketBeat.com Staff

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