Q3 EPS Forecast for Mayville Engineering Lowered by Analyst

Mayville Engineering Company, Inc. (NYSE:MEC) – Equities research analysts at Northland Securities reduced their Q3 2026 earnings per share (EPS) estimates for Mayville Engineering in a report issued on Thursday, May 7th. Northland Securities analyst T. Jackson now forecasts that the company will post earnings of $0.16 per share for the quarter, down from their prior forecast of $0.20. The consensus estimate for Mayville Engineering’s current full-year earnings is ($0.28) per share. Northland Securities also issued estimates for Mayville Engineering’s Q4 2026 earnings at $0.10 EPS, Q1 2027 earnings at $0.16 EPS, Q2 2027 earnings at $0.19 EPS, Q3 2027 earnings at $0.24 EPS and Q4 2027 earnings at $0.83 EPS.

A number of other analysts have also recently commented on MEC. Weiss Ratings cut Mayville Engineering from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. DA Davidson boosted their price objective on Mayville Engineering from $23.00 to $32.00 and gave the company a “buy” rating in a research report on Monday. Citigroup boosted their price objective on Mayville Engineering from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Zacks Research upgraded Mayville Engineering from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.75.

Mayville Engineering Stock Down 3.7%

Mayville Engineering stock opened at $25.57 on Thursday. The stock has a market capitalization of $524.01 million, a PE ratio of -31.97 and a beta of 1.24. Mayville Engineering has a 12 month low of $12.10 and a 12 month high of $28.15. The business has a 50 day simple moving average of $20.11 and a 200-day simple moving average of $19.06. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.64 and a quick ratio of 0.91.

Mayville Engineering (NYSE:MEC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.13. The business had revenue of $144.78 million during the quarter, compared to analysts’ expectations of $139.18 million. Mayville Engineering had a negative return on equity of 5.77% and a negative net margin of 2.93%.

Hedge Funds Weigh In On Mayville Engineering

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MEC. BNP Paribas Financial Markets boosted its stake in Mayville Engineering by 109.0% during the third quarter. BNP Paribas Financial Markets now owns 2,751 shares of the company’s stock worth $38,000 after buying an additional 1,435 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Mayville Engineering by 194.9% in the 4th quarter. Clearstead Advisors LLC now owns 2,094 shares of the company’s stock valued at $39,000 after purchasing an additional 1,384 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Mayville Engineering in the 4th quarter valued at $73,000. Picton Mahoney Asset Management acquired a new position in shares of Mayville Engineering in the 4th quarter valued at $109,000. Finally, AlphaQuest LLC lifted its stake in shares of Mayville Engineering by 26.2% in the 3rd quarter. AlphaQuest LLC now owns 8,342 shares of the company’s stock valued at $115,000 after purchasing an additional 1,733 shares during the last quarter. Institutional investors and hedge funds own 45.44% of the company’s stock.

Insiders Place Their Bets

In other Mayville Engineering news, insider Sean P. Leuba sold 6,698 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $18.81, for a total transaction of $125,989.38. Following the transaction, the insider owned 11,841 shares of the company’s stock, valued at approximately $222,729.21. The trade was a 36.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jagadeesh A. Reddy sold 21,796 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $25.93, for a total value of $565,170.28. Following the transaction, the chief executive officer directly owned 158,387 shares in the company, valued at $4,106,974.91. This trade represents a 12.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,994 shares of company stock worth $741,335 in the last three months. 5.60% of the stock is currently owned by corporate insiders.

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.