Mayville Engineering (NYSE:MEC) Price Target Raised to $25.00 at Citigroup

Mayville Engineering (NYSE:MEC) had its target price hoisted by Citigroup from $24.00 to $25.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on MEC. Northland Securities raised Mayville Engineering from a “market perform” rating to an “outperform” rating and increased their price target for the company from $20.00 to $25.00 in a research note on Thursday. Zacks Research cut Mayville Engineering from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Mayville Engineering in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Mayville Engineering has an average rating of “Moderate Buy” and an average target price of $24.25.

Mayville Engineering Price Performance

MEC stock opened at $18.64 on Thursday. The company has a market capitalization of $378.76 million, a P/E ratio of -46.60 and a beta of 1.08. The company has a fifty day moving average price of $19.82 and a 200-day moving average price of $17.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.82. Mayville Engineering has a 52-week low of $11.72 and a 52-week high of $22.36.

Mayville Engineering (NYSE:MEC) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. The company had revenue of $134.27 million for the quarter, compared to analysts’ expectations of $132.51 million. Mayville Engineering had a negative net margin of 1.48% and a negative return on equity of 2.31%. As a group, equities analysts expect that Mayville Engineering will post 0.31 EPS for the current year.

Insider Activity at Mayville Engineering

In related news, Director Steven L. Fisher sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $19.11, for a total transaction of $191,100.00. Following the sale, the director owned 30,482 shares in the company, valued at $582,511.02. This represents a 24.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mayville Engineering

Institutional investors have recently added to or reduced their stakes in the business. Bailard Inc. bought a new position in Mayville Engineering during the second quarter worth $284,000. Roubaix Capital LLC lifted its holdings in shares of Mayville Engineering by 110.3% in the 3rd quarter. Roubaix Capital LLC now owns 212,688 shares of the company’s stock worth $2,927,000 after purchasing an additional 111,550 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Mayville Engineering by 21.8% in the 2nd quarter. American Century Companies Inc. now owns 306,982 shares of the company’s stock worth $4,899,000 after purchasing an additional 54,843 shares in the last quarter. 22NW LP acquired a new stake in Mayville Engineering in the 2nd quarter valued at $2,481,000. Finally, CenterBook Partners LP increased its stake in Mayville Engineering by 86.8% during the 3rd quarter. CenterBook Partners LP now owns 177,659 shares of the company’s stock valued at $2,445,000 after purchasing an additional 82,573 shares in the last quarter. 45.44% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Mayville Engineering

Here are the key news stories impacting Mayville Engineering this week:

• Positive Sentiment: Major analyst upgrades and higher price targets: Citigroup raised its price target to $25 and reiterated a “buy” rating, and Northland upgraded MEC to “outperform” with a $25 target (previously $20). Those raise the visible upside for the stock and signal analyst confidence. Article Title
• Positive Sentiment: Company updated FY?2026 and Q1 revenue guidance above consensus: management gave FY revenue guidance of $580M–$620M (vs. consensus ~$578.4M) and Q1 revenue guidance of $137M–$143M (vs. consensus ~$132.5M), which supports growth expectations into 2026.
• Positive Sentiment: Large data?center market opportunity flagged by management: MEC highlighted a $3.2B addressable data?center market and is targeting >20% of revenue from that segment in 2026 — a structural growth story that could lift margins over time. Article Title
• Neutral Sentiment: Q4 results were broadly in line: press coverage describes Q4 results as in?line with expectations (revenue roughly matching consensus), and the earnings call transcript provides more color on margin impacts from acquisitions and end?market softness. Investors will be watching margins and EBITDA execution against FY?2026 guidance. Article Title Earnings Transcript
• Positive Sentiment: Analyst/market commentators calling the post?earnings selloff a buying opportunity — some note 2026 guidance and data?center tailwinds as reasons the pullback may be temporary. Article Title
• Negative Sentiment: Negative coverage / immediate market reaction: at least one headline explains why MEC shares plunged today, contributing to the heavy selling and higher volume; that negative sentiment is pressuring the stock despite the upgrades and guidance. Article Title

About Mayville Engineering

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.

The company operates two principal business segments: iron castings and steel castings. Its iron segment utilizes green sand and lost-foam molding processes to produce gray and ductile iron components, while the steel segment employs electric-arc furnace technology to manufacture high-strength steel castings.