Northland Capmk Issues Optimistic Estimate for MEC Earnings

Mayville Engineering Company, Inc. (NYSE:MEC) – Equities research analysts at Northland Capmk upped their FY2025 EPS estimates for Mayville Engineering in a research 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 previous 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 dropped 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 Stock Performance

NYSE:MEC opened at $14.83 on Monday. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $15.36 and a two-hundred day moving average price of $17.44. Mayville Engineering has a twelve month low of $12.47 and a twelve month high of $23.02. The company has a market capitalization of $306.05 million, a P/E ratio of 25.13 and a beta of 0.92.

Hedge Funds Weigh In On Mayville Engineering

Several hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE purchased a new stake in shares of Mayville Engineering during the third quarter worth about $60,000. Principal Financial Group Inc. purchased a new stake in shares of Mayville Engineering during the third quarter worth about $276,000. Cornercap Investment Counsel Inc. purchased a new stake in shares of Mayville Engineering during the third quarter worth about $278,000. Empowered Funds LLC grew its holdings in shares of 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 in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of 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 in the last quarter. 45.44% of the stock is currently owned by hedge funds and other 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.