NYSE:MEC Mayville Engineering (MEC) Stock Price, News & Analysis → A.I. is a Tidal Wave - Here’s What to Buy (From Chaikin Analytics) (Ad) Free MEC Stock Alerts $16.24 +0.21 (+1.31%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$15.76▼$16.4650-Day Range$12.57▼$16.2352-Week Range$9.72▼$16.46Volume102,211 shsAverage Volume74,237 shsMarket Capitalization$333.41 millionP/E Ratio38.67Dividend YieldN/APrice Target$17.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get Mayville Engineering alerts: Email Address Mayville Engineering MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside6.7% Upside$17.33 Price TargetShort InterestBearish2.05% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.46Based on 13 Articles This WeekInsider TradingAcquiring Shares$20,046 Bought Last QuarterProj. Earnings Growth75.76%From $0.66 to $1.16 Per ShareSee Full Details Hide Full Details 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.1.24 out of 5 starsConstruction Sector90th out of 104 stocksMetal Forgings & Stampings Industry4th out of 4 stocks 1.3 Analyst's Opinion Consensus RatingMayville 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 CoverageMayville Engineering has only been the subject of 1 research reports in the past 90 days.Read more about Mayville Engineering's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.05% of the float of Mayville Engineering has been sold short.Short Interest Ratio / Days to CoverMayville Engineering has a short interest ratio ("days to cover") of 4.6.Change versus previous monthShort interest in Mayville Engineering has recently increased by 0.36%, indicating that investor sentiment is decreasing. 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 N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEC. Previous Next 1.9 News and Social Media Coverage News SentimentMayville Engineering has a news sentiment score of 0.46. 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 is a lower news sentiment than the 0.61 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Mayville Engineering this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 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. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 InsidersOnly 6.40% of the stock of Mayville Engineering is held by insiders.Percentage Held by Institutions45.44% of the stock of Mayville Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Mayville Engineering's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Mayville Engineering are expected to grow by 75.76% in the coming year, from $0.66 to $1.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mayville Engineering is 38.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.53.Price to Earnings Ratio vs. SectorThe P/E ratio of Mayville Engineering is 38.67, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 22.36.Price to Book Value per Share RatioMayville Engineering has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Mayville Engineering's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressDems have chosen Biden replacement?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.See who it is HERE. 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.Read More MEC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MEC Stock News HeadlinesMay 9, 2024 | finance.yahoo.comMayville Engineering Company First Quarter 2024 Earnings: EPS Beats ExpectationsMay 9, 2024 | finance.yahoo.comQ1 2024 Mayville Engineering Company Inc Earnings CallMay 11, 2024 | Paradigm Press (Ad)Dems have chosen Biden replacement?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.May 9, 2024 | finance.yahoo.comMayville Engineering Co Inc (MEC) (Q1 2024) Earnings Call Transcript Highlights: Robust Growth ...May 7, 2024 | investorplace.comMEC Stock Earnings: Mayville Engineering Beats EPS, Beats Revenue for Q1 2024May 7, 2024 | chron.comMayville Engineering: Q1 Earnings SnapshotMay 7, 2024 | markets.businessinsider.comBalanced Outlook: Hold Recommendation Amid Mixed Financial Performance and Market UncertaintyMay 7, 2024 | finance.yahoo.comMayville Engineering Co Inc (MEC) Reports Q1 2024 Earnings: A Detailed Financial ReviewMay 11, 2024 | Paradigm Press (Ad)Dems have chosen Biden replacement?On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.May 7, 2024 | businesswire.comMayville Engineering Company Announces First Quarter 2024 ResultsMay 6, 2024 | seekingalpha.comMayville Engineering Company: As Mr. Market Becomes More Bearish, I Become More BullishMay 5, 2024 | finance.yahoo.comMayville Engineering Company, Inc.'s (NYSE:MEC) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?May 5, 2024 | americanbankingnews.comMayville Engineering (MEC) Scheduled to Post Earnings on TuesdayApril 24, 2024 | businesswire.comMayville Engineering Company Announces First Quarter 2024 Results Conference Call and Webcast DateApril 18, 2024 | finance.yahoo.comThis Mayville Engineering Company Insider Increased Their Holding By 36% Last YearApril 4, 2024 | investorplace.comMighty Micro-Cap Stocks: 7 Tiny Companies Packing Enormous PotentialMarch 28, 2024 | finance.yahoo.comOwning 47% shares,institutional owners seem interested in Mayville Engineering Company, Inc. (NYSE:MEC),March 8, 2024 | seekingalpha.comMayville Engineering Company, Inc. (MEC) Q4 2023 Earnings Call TranscriptMarch 8, 2024 | finance.yahoo.comMayville Engineering Company Full Year 2023 Earnings: EPS Misses ExpectationsMarch 7, 2024 | finance.yahoo.comMayville Engineering Company, Inc. (NYSE:MEC) Q4 2023 Earnings Call TranscriptMarch 7, 2024 | finance.yahoo.comMayville Engineering Co Inc (MEC) Reports Solid Q4 and Full-Year 2023 Results Amidst Strategic ...March 6, 2024 | benzinga.comMayville Engineering: Q4 Earnings InsightsMarch 6, 2024 | washingtonpost.comMayville Engineering: Q4 Earnings SnapshotMarch 6, 2024 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Broadwind Energy (BWEN) and Mayville Engineering Company (MEC)March 5, 2024 | investorplace.comMEC Stock Earnings: Mayville Engineering Beats EPS, Misses Revenue for Q4 2023March 5, 2024 | businesswire.comMayville Engineering Company Announces Fourth Quarter and Full-Year 2023 ResultsMarch 4, 2024 | benzinga.comMayville Engineering's Earnings OutlookSee 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. Email Address Company Calendar Last Earnings3/06/2024Today5/11/2024Next Earnings (Estimated)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry Metal forgings & stampings Sub-IndustryN/A Current SymbolNYSE:MEC CUSIPN/A CIK1766368 Webwww.mecinc.com Phone(920) 387-4500FaxN/AEmployees2,500Year FoundedN/APrice Target and Rating Average Stock Price Target$17.33 High Stock Price Target$20.00 Low Stock Price Target$14.00 Potential Upside/Downside+6.8%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.38 Trailing P/E Ratio42.71 Forward P/E Ratio24.59 P/E GrowthN/ANet Income$7.84 million Net Margins1.33% Pretax Margin1.51% Return on Equity6.58% Return on Assets2.98% Debt Debt-to-Equity Ratio0.64 Current Ratio1.88 Quick Ratio0.93 Sales & Book Value Annual Sales$588.42 million Price / Sales0.56 Cash Flow$2.46 per share Price / Cash Flow6.61 Book Value$11.32 per share Price / Book1.43Miscellaneous Outstanding Shares20,360,000Free Float19,062,000Market Cap$330.44 million OptionableNot Optionable Beta0.84 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Jagadeesh A. Reddy (Age 52)President, CEO & Director Comp: $1.31MMr. Todd M. Butz (Age 52)CFO, Secretary & Treasurer Comp: $948.1kMr. Ryan F. Raber (Age 41)Executive Vice President of Strategy, Sales & Marketing Comp: $870.7kMr. Sean P. Leuba (Age 53)Senior VP of Corporate Development & General Counsel Ms. Rachele M. LehrChief Human Resources OfficerKey CompetitorsOrion GroupNYSE:ORNCaesarstoneNASDAQ:CSTESouthlandNASDAQ:SLNDLatham GroupNASDAQ:SWIMSmith-MidlandNASDAQ:SMIDView All CompetitorsInsiders & InstitutionsTocqueville Asset Management L.P.Bought 3,000 shares on 5/10/2024Ownership: 3.160%Vanguard Group Inc.Bought 39,460 shares on 5/10/2024Ownership: 2.643%Aegis Financial CorpSold 2,380 shares on 5/10/2024Ownership: 1.050%First Eagle Investment Management LLCBought 49,738 shares on 5/9/2024Ownership: 0.244%Russell Investments Group Ltd.Bought 60,896 shares on 5/8/2024Ownership: 0.755%View All Insider TransactionsView All Institutional Transactions MEC Stock Analysis - Frequently Asked Questions Should I buy or sell Mayville Engineering stock right now? 3 Wall Street equities 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 equities 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 expect the company's stock price to reach $17.33 in the next twelve months. This suggests a possible upside of 6.7% 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 at the beginning of the year. Since then, MEC shares have increased by 12.6% and is now trading at $16.24. 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, August 6th 2024. View our MEC earnings forecast. How were Mayville Engineering's earnings last quarter? Mayville Engineering Company, Inc. (NYSE:MEC) released 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 firm earned $148.58 million during the quarter, compared to analysts' expectations of $157.08 million. Mayville Engineering had a trailing twelve-month return on equity of 6.01% and a net margin of 1.40%. During the same period last year, the company earned $0.22 EPS. What guidance has Mayville Engineering issued on next quarter's earnings? Mayville Engineering issued an update on its FY 2024 earnings guidance on Wednesday, May, 8th. 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 $630.2 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 $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 investors include Allspring Global Investments Holdings LLC (12.86%), Allspring Global Investments Holdings LLC (12.86%), Tocqueville Asset Management L.P. (3.16%), Vanguard Group Inc. (2.64%), Aegis Financial Corp (1.05%) and Russell Investments Group Ltd. (0.75%). Insiders that own company stock include Jagadeesh A Reddy, Patrick D Michels, 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. 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