Mayville Engineering Co (MEC)

• Market cap: $334M
• 1 day: 1.50%
• 5 days: -4.60%
• 1 month: -0.80%
• 3 months: -18.81%
• 6 months: -0.49%
• Year to date: 15.07%
• 1 year: 19.22%
• 5 years: 75.60%
• 10 years: -1.70%
• Sector: Consumer Discretionary
• Industry: Metal Forgings & Stampings

About: Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, power sports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly and logistic services.

Employees: 2,500

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

127% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 15

100% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 23

37% more capital invested

Capital invested by funds: $180M [Q2] → $246M (+$66.7M) [Q3]

20% more funds holding

Funds holding: 97 [Q2] → 116 (+19) [Q3]

4.15% more ownership

Funds ownership: 52.52% [Q2] → 56.67% (+4.15%) [Q3]

46% less call options, than puts

Call options by funds: $65K | Put options by funds: $120K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $20 24% upside
• Avg. target: $20 24% upside
• High target: $20 24% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Northland Capital Markets Ted Jackson 43% 1-year accuracy 3 / 7 met price target

24% upside $20

Market Perform Downgraded

7 Nov 2024