Northland Capmk Issues Pessimistic Estimate for MEC Earnings

Mayville Engineering Company, Inc. (NYSE:MECFree Report) – Analysts at Northland Capmk dropped their FY2026 EPS estimates for shares of Mayville Engineering in a report issued on Tuesday, September 30th. Northland Capmk analyst E. Jackson now anticipates that the company will post earnings of $0.07 per share for the year, down from their previous estimate of $0.15. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Mayville Engineering’s current full-year earnings is $0.31 per share. Northland Capmk also issued estimates for Mayville Engineering’s FY2027 earnings at $0.23 EPS, FY2028 earnings at $0.36 EPS and FY2029 earnings at $0.47 EPS.

Several other analysts have also issued reports on MEC. Citigroup reiterated a “buy” rating and set a $21.00 target price (up previously from $17.00) on shares of Mayville Engineering in a report on Monday, July 14th. Northland Securities upgraded Mayville Engineering from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Tuesday, August 12th. Finally, DA Davidson started coverage on Mayville Engineering in a report on Tuesday, June 17th. They issued a “buy” rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $20.67.

Read Our Latest Report on Mayville Engineering

Mayville Engineering Trading Down 1.0%

Mayville Engineering stock opened at $13.62 on Wednesday. The company has a market cap of $276.84 million, a price-to-earnings ratio of 16.03 and a beta of 1.19. The firm has a 50-day moving average of $14.69 and a 200-day moving average of $14.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 0.86. Mayville Engineering has a one year low of $11.72 and a one year high of $23.02.

Hedge Funds Weigh In On Mayville Engineering

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEC. GAMMA Investing LLC raised its position in shares of Mayville Engineering by 9,690.3% in the first quarter. GAMMA Investing LLC now owns 3,035 shares of the company’s stock valued at $41,000 after purchasing an additional 3,004 shares during the period. AlphaQuest LLC boosted its holdings in shares of Mayville Engineering by 222.8% during the 1st quarter. AlphaQuest LLC now owns 7,879 shares of the company’s stock worth $106,000 after buying an additional 5,438 shares during the period. JPMorgan Chase & Co. grew its stake in Mayville Engineering by 20.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock valued at $127,000 after buying an additional 1,359 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Mayville Engineering in the 1st quarter valued at about $152,000. Finally, CHICAGO TRUST Co NA bought a new position in Mayville Engineering in the 2nd quarter valued at about $165,000. 45.44% of the stock is owned by institutional investors.

Insider Activity at Mayville Engineering

In other Mayville Engineering news, CEO Jagadeesh A. Reddy bought 7,500 shares of Mayville Engineering stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $14.06 per share, for a total transaction of $105,450.00. Following the purchase, the chief executive officer owned 146,285 shares of the company’s stock, valued at $2,056,767.10. The trade was a 5.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders purchased 9,400 shares of company stock worth $131,942. Insiders own 7.20% of the company’s stock.

Mayville Engineering Company Profile

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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.

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Earnings History and Estimates for Mayville Engineering (NYSE:MEC)

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