Northland Capmk Has Positive Outlook of MEC FY2025 Earnings

Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) - Investment analysts at Northland Capmk lifted their FY2025 earnings estimates for shares of Mayville Engineering in a report issued on Thursday, March 6th. Northland Capmk analyst E. Jackson now expects that the company will post earnings per share of $0.46 for the year, up from their prior forecast of $0.33. 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 FY2026 earnings at $0.72 EPS and FY2028 earnings at $0.67 EPS.

Separately, Citigroup cut their target price on Mayville Engineering from $22.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, March 6th.

Mayville Engineering Price Performance

Shares of NYSE:MEC traded down $0.12 during midday trading on Monday, hitting $14.09. The company had a trading volume of 75,756 shares, compared to its average volume of 94,048. The business's 50-day simple moving average is $15.32 and its 200-day simple moving average is $17.42. The stock has a market cap of $290.96 million, a price-to-earnings ratio of 23.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.91. Mayville Engineering has a twelve month low of $12.47 and a twelve month high of $23.02.

Institutional Trading of Mayville Engineering

A number of hedge funds and other institutional investors have recently made changes to their positions in MEC. AlphaQuest LLC acquired a new stake in Mayville Engineering during the fourth quarter worth $38,000. R Squared Ltd purchased a new position in shares of Mayville Engineering during the 4th quarter worth approximately $40,000. Aquatic Capital Management LLC acquired a new stake in Mayville Engineering in the 4th quarter valued at approximately $44,000. US Bancorp DE purchased a new stake in Mayville Engineering in the third quarter valued at approximately $60,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Mayville Engineering during the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 45.44% of the company's stock.

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Mayville Engineering Company Profile

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.