Mayville Engineering Co
MEC

$18.37

1.08%

Market Cap: $379M

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

Consumer Discretionary Metal Forgings & Stampings

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 8

77% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 22

30% more capital invested

Capital invested by funds: $138M [Q1] → $179M (+$41.1M) [Q2]

20% more funds holding

Funds holding: 81 [Q1] → 97 (+16) [Q2]

5.1% more ownership

Funds ownership: 47.27% [Q1] → 52.37% (+5.1%) [Q2]

7% less call options, than puts

Call options by funds: $476K | Put options by funds: $510K

See Fund Rankings

Research analyst outlook

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

Low target

$30

63%

upside

Avg. target

$30

63%

upside

High target

$30

63%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Northland Capital Markets

Ted Jackson

50% 1-year accuracy

3 / 6 met price target

63%upside

$30

Outperform

Maintained

14 Jun 2024

See Analyst Rankings

Financial journalist opinion

Mayville Engineering Company to Attend D.A. Davidson 23rd Annual Diversified Industrials and Services Conference

MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading Tier I value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that President and Chief Executive Officer Jag Reddy and Chief Financial Officer Todd Butz will participate in the D.A. Davidson 23rd Annual Diversified Industrials and Services Conference on September 18 - 20, 2024 in Nashville, Tennessee. In conjunction with the confe.

Mayville Engineering Company to Attend D.A. Davidson 23rd Annual Diversified Industrials and Services Conference

After Surging, Mayville Engineering Company Deserves More Upside

Mayville Engineering Company has done incredibly well over the past few months, significantly outperforming the S&P 500. Revenue and profitability metrics have significantly improved, with net income nearly doubling and operating cash flow turning positive. Management forecasts strong growth, with revenue expected to reach $750-850 million by 2026, justifying a 'strong buy' rating.

After Surging, Mayville Engineering Company Deserves More Upside

Mayville Engineering Company Announces Second Quarter 2024 Results

MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced results for the three-months ended June 30, 2024. SECOND QUARTER 2024 RESULTS (All comparisons versus the prior-year period) Net sales of $163.6 million, or +17.7%, including organic growth of 6.9% Net income of $3.8 million, or $0.18 per diluted share, an increase of $2.2 mil.

Mayville Engineering Company Announces Second Quarter 2024 Results

Mayville Engineering Company Announces Second Quarter 2024 Results Conference Call and Webcast Date

MILWAUKEE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it will issue second quarter 2024 results after the market closes on Tuesday, August 6, 2024. A conference call will be held the following day, Wednesday, August 7, 2024, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a.

Mayville Engineering Company Announces Second Quarter 2024 Results Conference Call and Webcast Date

Zacks Investment Research

Mayville Engineering (MEC) Soars 5.3%: Is Further Upside Left in the Stock?

Mayville Engineering (MEC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Mayville Engineering (MEC) Soars 5.3%: Is Further Upside Left in the Stock?

Zacks Investment Research

Should Value Investors Buy Mayville Engineering (MEC) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Mayville Engineering (MEC) Stock?

Mayville Engineering Company Named #1 Fabricator in U.S. For 14th Consecutive Year

MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, has been named as the nation's largest fabricator by the Fabricator Magazine for the fourteenth consecutive year. “We are honored to be named the #1 domestic fabricator for the fourteenth consecutive year,” said Jag Reddy, President & CEO. “This recognition reflects our continued focus on.

Mayville Engineering Company Named #1 Fabricator in U.S. For 14th Consecutive Year

Small-Cap Sensations: 3 Overlooked Stocks With Gigantic Potential

Some believe that the Street always values companies more or less correctly and is never completely wrong about companies' outlooks. But history shows this concept is completely incorrect.

Small-Cap Sensations: 3 Overlooked Stocks With Gigantic Potential

Zacks Investment Research

Are Investors Undervaluing Mayville Engineering (MEC) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Mayville Engineering (MEC) Right Now?

Mayville Engineering Company to Participate in Investor Conferences

MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced that President and Chief Executive Officer, Jag Reddy, and Chief Financial Officer, Todd Butz, will be participating in the following investor conferences during June 2024: Stifel Cross Sector Insight Conference on Tuesday, June 4th, in Boston William Blair 44th Annual Growth.

Mayville Engineering Company to Participate in Investor Conferences

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