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 year. 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 12-month price targets for Mayville Engineering's shares. Their MEC share price targets range from $14.00 to $20.00. On average, they predict the company's share price to reach $17.33 in the next twelve months. This suggests a possible upside of 27.2% 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 the year. Since then, MEC stock has decreased by 5.5% and is now trading at $13.63. 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) posted its quarterly earnings results on Wednesday, March, 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.05. The business had revenue of $148.58 million for the quarter, compared to analyst estimates 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 business posted $0.22 earnings per share.

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

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

→ Nvidia Has a BIG Problem — Here’s Who Benefits MOST (From Weiss Ratings) (Ad)

Free MEC Stock Alerts

$13.66

+0.27 (+2.02%)

(As of 02:43 PM ET)

Compare

Today's Range: $13.49
▼
$13.78
50-Day Range: $11.64
▼
$14.49
52-Week Range: $9.55
▼
$15.50

Volume: 19,362 shs
Average Volume: 49,915 shs
Market Capitalization: $278.12 million

P/E Ratio: 35.95
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: 27.2% 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.

2.82 out of 5 stars

Construction Sector

64th out of 100 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.

0.0

News and Social Media Coverage

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 35.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mayville Engineering is 35.87, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 17.34.
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.

See Top Rated MarketRank™ Stocks Here

Ad Chaikin Analytics

Henry Kissinger’s chilling AI warning

Not long before his death in 2023, Henry Kissinger wrote about a "world of potentially total destructiveness and substantial uncertainty." He was talking about the advent of generative artificial intelligence (AI)... And how we are woefully unprepared for the consequences this technology could bring.

Just click right here to access this new research 100% free while it’s still available.

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 18, 2024 | Chaikin Analytics (Ad)

Henry Kissinger’s chilling AI warning

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 18, 2024 | Chaikin Analytics (Ad)

Henry Kissinger’s chilling AI warning

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

Receive MEC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Mayville Engineering and its competitors with MarketBeat's FREE daily newsletter.

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: +29.4%
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: 35.24
Forward P/E Ratio: 20.29
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: 0.46
Cash Flow: $2.04 per share
Price / Cash Flow: 6.55
Book Value: $11.32 per share
Price / Book: 1.18

Miscellaneous

Outstanding Shares: 20,360,000
Free Float: 19,062,000
Market Cap: $272.62 million
Optionable: Not Optionable
Beta: 0.84

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

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 year. 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 12-month price targets for Mayville Engineering's shares. Their MEC share price targets range from $14.00 to $20.00. On average, they predict the company's share price to reach $17.33 in the next twelve months. This suggests a possible upside of 27.2% 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 the year. Since then, MEC stock has decreased by 5.5% and is now trading at $13.63.
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) posted its quarterly earnings results on Wednesday, March, 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.05. The business had revenue of $148.58 million for the quarter, compared to analyst estimates 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 business posted $0.22 earnings per share.

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 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 served as the underwriters for the IPO and UBS Investment Bank and William Blair were co-managers.
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 4/18/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

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 from 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 30-Day Free Trial

Mayville Engineering (MEC) Stock Price, News & Analysis

Mayville Engineering MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Mayville Engineering Stock (NYSE:MEC)

MEC Stock Price History

MEC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MEC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™