Mayville Engineering (NYSE:MEC) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

05 May 2026, 21:46 by Amy Steele · The Cerbat Gem

Mayville Engineering (NYSE:MEC – Get Free Report) issued its earnings results on Tuesday. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.12), Zacks reports. Mayville Engineering had a negative net margin of 1.48% and a negative return on equity of 2.33%.

Mayville Engineering Price Performance

MEC traded up $0.63 during midday trading on Tuesday, reaching $22.78. 363,846 shares of the company’s stock were exchanged, compared to its average volume of 120,870. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.72 and a quick ratio of 0.92. The stock has a market capitalization of $462.83 million, a PE ratio of -56.94 and a beta of 1.24. The business’s 50-day moving average price is $19.57 and its 200 day moving average price is $18.57. Mayville Engineering has a 1-year low of $12.10 and a 1-year high of $23.63.

Insider Transactions at Mayville Engineering

In other Mayville Engineering news, insider Sean P. Leuba sold 6,698 shares of Mayville Engineering stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $18.81, for a total transaction of $125,989.38. Following the completion of the transaction, the insider owned 11,841 shares in the company, valued at approximately $222,729.21. The trade was a 36.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Mayville Engineering

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEC. Ameriprise Financial Inc. raised its position in Mayville Engineering by 894.2% during the third quarter. Ameriprise Financial Inc. now owns 394,161 shares of the company’s stock worth $5,424,000 after acquiring an additional 354,514 shares during the last quarter. Blair William & Co. IL raised its position in Mayville Engineering by 54.8% during the fourth quarter. Blair William & Co. IL now owns 583,759 shares of the company’s stock worth $10,928,000 after acquiring an additional 206,549 shares during the last quarter. Boston Partners acquired a new position in Mayville Engineering during the third quarter worth about $2,727,000. Millennium Management LLC acquired a new position in Mayville Engineering during the fourth quarter worth about $2,868,000. Finally, Kennedy Capital Management LLC acquired a new position in Mayville Engineering during the fourth quarter worth about $1,953,000. Institutional investors and hedge funds own 45.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on MEC shares. Northland Securities raised shares of Mayville Engineering from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.00 to $25.00 in a report on Thursday, March 5th. DA Davidson boosted their price objective on shares of Mayville Engineering from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Zacks Research raised shares of Mayville Engineering from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Citigroup boosted their price objective on shares of Mayville Engineering from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Weiss Ratings downgraded shares of Mayville Engineering from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mayville Engineering presently has a consensus rating of “Moderate Buy” and an average price target of $24.25.

Check Out Our Latest Research Report on Mayville Engineering

About Mayville Engineering

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Mayville Engineering Company, Inc (NYSE:MEC) is a U.S.-based industrial manufacturer specializing in engineered metal castings and precision machining services. Headquartered in Mayville, Wisconsin, the company leverages over a century of casting experience to design, produce and finish complex metal components for a broad range of heavy-duty applications.