Northland Capmk Has Positive Outlook for MEC FY2027 Earnings

Mayville Engineering Company, Inc. (NYSE:MEC) – Investment analysts at Northland Capmk boosted their FY2027 earnings estimates for Mayville Engineering in a report issued on Thursday, March 6th. Northland Capmk analyst E. Jackson now expects that the company will post earnings of $0.68 per share for the year, up from their previous forecast of $0.58. Northland Capmk currently has a “Hold” 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 FY2029 earnings at $0.66 EPS.

Several other research firms also recently commented on MEC. Citigroup decreased their target price on shares of Mayville Engineering from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday. Northland Securities downgraded shares of Mayville Engineering from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $30.00 to $20.00 in a research report on Thursday, November 7th.

Mayville Engineering Trading Up 3.1 %

NYSE:MEC opened at $14.20 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.91. The firm has a 50-day moving average of $15.42 and a 200-day moving average of $17.56. The company has a market cap of $293.14 million, a PE ratio of 24.07 and a beta of 0.92. Mayville Engineering has a one year low of $12.47 and a one year high of $23.02.

Institutional Trading of Mayville Engineering

Hedge funds have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. grew its position in shares of Mayville Engineering by 91.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 122,055 shares of the company’s stock worth $2,573,000 after buying an additional 58,242 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Mayville Engineering by 5.4% in the third quarter. Geode Capital Management LLC now owns 277,679 shares of the company’s stock worth $5,855,000 after purchasing an additional 14,118 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Mayville Engineering by 1,061.5% in the third quarter. BNP Paribas Financial Markets now owns 29,688 shares of the company’s stock worth $626,000 after purchasing an additional 27,132 shares during the last quarter. US Bancorp DE purchased a new position in shares of Mayville Engineering in the third quarter worth $60,000. Finally, Martingale Asset Management L P purchased a new position in shares of Mayville Engineering in the third quarter worth $766,000. 45.44% of the stock is owned by institutional investors.

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.