Mayville Engineering (MEC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $16.24 to $16.41
• 50-Day Range: $16.34 to $21.71
• 52-Week Range: $11.07 to $23.02
• Volume: 3,534 shs
• Average Volume: 95,980 shs
• Market Capitalization: $335.19 million
• P/E Ratio: 27.53
• Dividend Yield: N/A
• Price Target: $19.00
• Consensus Rating: Moderate Buy

Mayville Engineering Stock Analysis - MarketRank™

Mayville Engineering scored higher than 73% of companies evaluated by MarketBeat, and ranked 48th out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Mayville Engineering has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Mayville Engineering has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 158.06%

Earnings Growth

Earnings for Mayville Engineering are expected to grow by 158.06% in the coming year, from $0.31 to $0.80 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Mayville Engineering is 27.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mayville Engineering is 27.70, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 27.52.

Price to Book Value per Share Ratio

Mayville Engineering has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.76% 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 0.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mayville Engineering has recently decreased by 20.32%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Mayville Engineering does not currently pay a dividend.

Dividend Growth

Mayville Engineering does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.76% 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 0.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mayville Engineering has recently decreased by 20.32%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.89

News Sentiment

Mayville Engineering has a news sentiment score of 0.89. 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 news sentiment score is similar to the average news sentiment of Construction companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Mayville Engineering this week, compared to 2 articles on an average week.

Search Interest

5 people have searched for MEC on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Mayville Engineering insiders have sold 317.31% more of their company's stock than they have bought. Specifically, they have bought $98,698.00 in company stock and sold $411,878.00 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.

MEC Stock Analysis - Frequently Asked Questions

How have MEC shares performed this year?

Mayville Engineering's stock was trading at $14.42 at the start of the year. Since then, MEC stock has increased by 13.3% and is now trading at $16.34.
View the best growth stocks for 2024 here.

How were Mayville Engineering's earnings last quarter?

Mayville Engineering Company, Inc. (NYSE:MEC) posted its earnings results on Tuesday, November, 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.05. The business had revenue of $135.39 million for the quarter, compared to analyst estimates of $157.22 million. Mayville Engineering had a net margin of 2.01% and a trailing twelve-month return on equity of 5.20%.

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 a price of $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 top institutional investors include Allspring Global Investments Holdings LLC (12.06%), Royce & Associates LP (2.72%), Geode Capital Management LLC (1.35%) and State Street Corp (1.12%). Insiders that own company stock include Ryan F Raber, Jagadeesh A Reddy, Todd M Butz, Steven L Fisher and Timothy L Christen.
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.

What other stocks do shareholders of Mayville Engineering own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mayville Engineering investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Palo Alto Networks (PANW), Netflix (NFLX) and Adobe (ADBE).

Company Calendar

• Last Earnings: 11/05/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Metal forgings & stampings
• Sub-Industry: Fabricated Products
• 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: $19.00
• High Stock Price Target: $20.00
• Low Stock Price Target: $18.00
• Potential Upside/Downside: +16.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.59
• Trailing P/E Ratio: 27.70
• Forward P/E Ratio: 52.71
• P/E Growth: N/A
• Net Income: $7.84 million
• Net Margins: 2.01%
• Pretax Margin: 2.35%
• Return on Equity: 5.20%
• Return on Assets: 2.51%

Debt

• Debt-to-Equity Ratio: 0.47
• Current Ratio: 1.77
• Quick Ratio: 0.91

Sales & Book Value

• Annual Sales: $588.42 million
• Price / Sales: 0.57
• Cash Flow: $2.06 per share
• Price / Cash Flow: 7.95
• Book Value: $11.32 per share
• Price / Book: 1.44

Miscellaneous

• Outstanding Shares: 20,640,000
• Free Float: 19,323,000
• Market Cap: $337.26 million
• Optionable: Not Optionable
• Beta: 0.97