Northland Capmk Issues Optimistic Estimate for MEC Earnings

Mayville Engineering Company, Inc. (NYSE:MEC) – Equities research analysts at Northland Capmk boosted their FY2025 EPS estimates for Mayville Engineering in a note issued to investors on Thursday, March 6th. Northland Capmk analyst E. Jackson now expects that the company will post earnings of $0.46 per share for the year, up from their prior estimate 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 lowered their target price on shares of Mayville Engineering from $22.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, March 6th.

Mayville Engineering Price Performance

Mayville Engineering stock opened at $14.83 on Monday. Mayville Engineering has a 1 year low of $12.47 and a 1 year high of $23.02. The firm has a 50 day moving average price of $15.36 and a 200 day moving average price of $17.44. The company has a market cap of $306.05 million, a price-to-earnings ratio of 25.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.77.

Institutional Investors Weigh In On Mayville Engineering

Several institutional investors have recently bought and sold shares of MEC. US Bancorp DE purchased a new stake in Mayville Engineering during the third quarter worth approximately $60,000. Principal Financial Group Inc. purchased a new stake in Mayville Engineering during the third quarter worth approximately $276,000. Cornercap Investment Counsel Inc. purchased a new stake in Mayville Engineering during the third quarter worth approximately $278,000. Empowered Funds LLC grew its stake in Mayville Engineering by 5.4% during the third quarter. Empowered Funds LLC now owns 87,017 shares of the company’s stock worth $1,834,000 after buying an additional 4,422 shares during the period. Finally, Avior Wealth Management LLC grew its stake in Mayville Engineering by 116.9% during the third quarter. Avior Wealth Management LLC now owns 22,919 shares of the company’s stock worth $483,000 after buying an additional 12,354 shares during the period. 45.44% of the stock is currently owned by hedge funds and other institutional investors.

About Mayville Engineering

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.