William Blair Has Positive Estimate for MEC FY2026 Earnings

Mayville Engineering Company, Inc. (NYSE:MEC) – Equities researchers at William Blair boosted their FY2026 earnings estimates for shares of Mayville Engineering in a note issued to investors on Tuesday, April 1st. William Blair analyst R. Sparenblek now expects that the company will post earnings per share of $1.61 for the year, up from their previous forecast of $1.56. The consensus estimate for Mayville Engineering’s current full-year earnings is $0.31 per share.

Separately, Citigroup dropped their target price on Mayville Engineering from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 6th.

Mayville Engineering Stock Down 6.8 %

Shares of MEC stock opened at $12.82 on Thursday. The company has a market capitalization of $261.68 million, a price-to-earnings ratio of 21.72 and a beta of 0.89. Mayville Engineering has a 12-month low of $12.75 and a 12-month high of $23.02. The firm has a fifty day moving average of $14.82 and a 200-day moving average of $16.86. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On Mayville Engineering

A number of institutional investors have recently added to or reduced their stakes in MEC. Charles Schwab Investment Management Inc. increased its holdings in Mayville Engineering by 5.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 34,252 shares of the company’s stock worth $722,000 after purchasing an additional 1,760 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Mayville Engineering in the third quarter valued at approximately $70,000. BNP Paribas Financial Markets increased its stake in shares of Mayville Engineering by 1,061.5% in the third quarter. BNP Paribas Financial Markets now owns 29,688 shares of the company’s stock valued at $626,000 after buying an additional 27,132 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Mayville Engineering by 91.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 122,055 shares of the company’s stock worth $2,573,000 after buying an additional 58,242 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in Mayville Engineering during the 3rd quarter worth approximately $95,000. 45.44% of the stock is currently owned by institutional investors and hedge funds.

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.