FY2025 Earnings Forecast for MEC Issued By Northland Capmk

Mayville Engineering Company, Inc. (NYSE:MEC) – Research analysts at Northland Capmk increased their FY2025 earnings per share estimates for shares of Mayville Engineering in a research report issued on Thursday, March 6th. Northland Capmk analyst E. Jackson now anticipates that the company will post earnings per share of $0.46 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 dropped their target price on Mayville Engineering from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday.

Mayville Engineering Stock Up 0.8 %

Shares of MEC opened at $14.33 on Monday. Mayville Engineering has a 52-week low of $12.47 and a 52-week high of $23.02. The company has a market capitalization of $295.81 million, a PE ratio of 24.29 and a beta of 0.92. The stock has a fifty day simple moving average of $15.39 and a two-hundred day simple moving average of $17.50. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Mayville Engineering

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MEC. Dimensional Fund Advisors LP increased its holdings in shares of Mayville Engineering by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 704,659 shares of the company’s stock valued at $11,077,000 after purchasing an additional 85,086 shares during the period. Royce & Associates LP increased its holdings in shares of Mayville Engineering by 4.2% in the fourth quarter. Royce & Associates LP now owns 584,297 shares of the company’s stock valued at $9,185,000 after purchasing an additional 23,749 shares during the period. Granahan Investment Management LLC increased its holdings in shares of Mayville Engineering by 71.2% in the fourth quarter. Granahan Investment Management LLC now owns 578,967 shares of the company’s stock valued at $9,101,000 after purchasing an additional 240,752 shares during the period. Nokomis Capital L.L.C. increased its holdings in shares of Mayville Engineering by 270.0% in the fourth quarter. Nokomis Capital L.L.C. now owns 449,792 shares of the company’s stock valued at $7,071,000 after purchasing an additional 328,223 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in shares of Mayville Engineering by 10.8% in the fourth quarter. First Eagle Investment Management LLC now owns 332,375 shares of the company’s stock valued at $5,225,000 after purchasing an additional 32,500 shares during the period. Hedge funds and other institutional investors own 45.44% 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.