NYSE:MEC

Mayville Engineering (MEC) Stock Price, News & Analysis

$13.55
-0.27 (-1.95%)
(As of 04/24/2024 ET)
Today's Range
$13.39
$13.80
50-Day Range
$11.64
$14.49
52-Week Range
$9.55
$15.50
Volume
58,433 shs
Average Volume
50,237 shs
Market Capitalization
$275.88 million
P/E Ratio
35.66
Dividend Yield
N/A
Price Target
$17.33

Mayville Engineering MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
27.9% Upside
$17.33 Price Target
Short Interest
Healthy
2.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of Mayville Engineering in the last 14 days
Based on 2 Articles This Week
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.

3.42 out of 5 stars

Construction Sector

51st out of 99 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, 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

MEC Stock News Headlines

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Mayville Engineering: Q4 Earnings Insights
Mayville Engineering: Q4 Earnings Snapshot
Mayville Engineering's Earnings Outlook
Mayville Engineering Co. Inc.
MEC Feb 2024 12.500 call
Q3 2023 Mayville Engineering Company Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
3/06/2024
Today
4/24/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal forgings & stampings
Sub-Industry
N/A
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
+27.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$7.84 million
Pretax Margin
1.51%

Debt

Sales & Book Value

Annual Sales
$588.42 million
Cash Flow
$2.07 per share
Book Value
$11.32 per share

Miscellaneous

Free Float
19,062,000
Market Cap
$276.69 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

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 equities research 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 predict the company's stock price to reach $17.33 in the next twelve months. This suggests a possible upside of 27.9% 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 at the beginning of 2024. Since then, MEC shares have decreased by 6.0% and is now trading at $13.55.
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) issued its earnings results on Wednesday, March, 6th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by $0.05. The business earned $148.58 million during the quarter, compared to the consensus estimate of $157.08 million. Mayville Engineering had a trailing twelve-month return on equity of 6.58% and a net margin of 1.33%. During the same quarter in the previous year, the firm earned $0.22 EPS.

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

Mayville Engineering updated 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 (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.

Who are Mayville Engineering's major shareholders?

Mayville Engineering's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (12.86%) and Mesirow Financial Investment Management Inc. (0.10%). 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 4/25/2024 by MarketBeat.com Staff

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