Northland Capmk Has Negative Outlook for MEC FY2026 Earnings

Mayville Engineering Company, Inc. (NYSE:MEC) – Analysts at Northland Capmk decreased their FY2026 earnings per share (EPS) estimates for Mayville Engineering in a research report issued on Tuesday, September 30th. Northland Capmk analyst E. Jackson now forecasts that the company will earn $0.07 per share for the year, down from their previous estimate of $0.15. Northland Capmk has a “Strong-Buy” 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 FY2027 earnings at $0.23 EPS, FY2028 earnings at $0.36 EPS and FY2029 earnings at $0.47 EPS.

MEC has been the subject of a number of other reports. DA Davidson began coverage on shares of Mayville Engineering in a report on Tuesday, June 17th. They issued a “buy” rating and a $23.00 target price for the company. Northland Securities upgraded shares of Mayville Engineering from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Tuesday, August 12th. Finally, Citigroup reissued a “buy” rating and set a $21.00 price objective (up from $17.00) on shares of Mayville Engineering in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, Mayville Engineering has an average rating of “Buy” and an average price target of $20.67.

Mayville Engineering Trading Up 0.7%

NYSE MEC opened at $13.75 on Wednesday. The company has a market cap of $279.37 million, a P/E ratio of 16.18 and a beta of 1.16. Mayville Engineering has a 12 month low of $11.72 and a 12 month high of $23.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 0.86. The company has a 50-day moving average of $14.73 and a 200-day moving average of $14.61.

Hedge Funds Weigh In On Mayville Engineering

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Mayville Engineering by 9,690.3% in the 1st quarter. GAMMA Investing LLC now owns 3,035 shares of the company’s stock valued at $41,000 after purchasing an additional 3,004 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Mayville Engineering by 222.8% in the first quarter. AlphaQuest LLC now owns 7,879 shares of the company’s stock valued at $106,000 after buying an additional 5,438 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Mayville Engineering by 20.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock valued at $127,000 after buying an additional 1,359 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Mayville Engineering during the 1st quarter worth approximately $152,000. Finally, CHICAGO TRUST Co NA purchased a new position in Mayville Engineering in the 2nd quarter worth approximately $165,000. Institutional investors and hedge funds own 45.44% of the company’s stock.

Insiders Place Their Bets

In other Mayville Engineering news, CEO Jagadeesh A. Reddy purchased 7,500 shares of Mayville Engineering stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $14.06 per share, with a total value of $105,450.00. Following the completion of the transaction, the chief executive officer directly owned 146,285 shares in the company, valued at approximately $2,056,767.10. This represents a 5.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 9,400 shares of company stock worth $131,942 over the last 90 days. Insiders own 7.20% of the company’s stock.

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.