What is Northland Capmk’s Forecast for MEC FY2025 Earnings?

Mayville Engineering Company, Inc. (NYSE:MEC) – Equities research analysts at Northland Capmk lowered their FY2025 earnings per share (EPS) estimates for Mayville Engineering in a research note issued to investors on Tuesday, September 30th. Northland Capmk analyst E. Jackson now expects that the company will post earnings of ($0.20) per share for the year, down from their previous forecast of ($0.17). Northland Capmk currently has a “Strong-Buy” rating on the stock. 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 Q4 2025 earnings at ($0.12) EPS.

Several other analysts also recently commented on the stock. DA Davidson assumed coverage on shares of Mayville Engineering in a report on Tuesday, June 17th. They issued a “buy” rating and a $23.00 target price for the company. Northland Securities raised Mayville Engineering from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Tuesday, August 12th. Finally, Citigroup reaffirmed a “buy” rating and set a $21.00 price target (up from $17.00) on shares of Mayville Engineering in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $20.67.

Mayville Engineering Trading Down 0.6%

NYSE MEC opened at $13.56 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $14.64 and a 200 day simple moving average of $14.60. Mayville Engineering has a 12 month low of $11.72 and a 12 month high of $23.02. The firm has a market capitalization of $275.44 million, a P/E ratio of 15.95 and a beta of 1.19.

Hedge Funds Weigh In On Mayville Engineering

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Mayville Engineering by 29.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,791 shares of the company’s stock valued at $212,000 after purchasing an additional 3,564 shares during the period. Janney Montgomery Scott LLC grew its stake in Mayville Engineering by 4.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 36,309 shares of the company’s stock valued at $488,000 after buying an additional 1,646 shares in the last quarter. GAMMA Investing LLC grew its stake in Mayville Engineering by 9,690.3% in the 1st quarter. GAMMA Investing LLC now owns 3,035 shares of the company’s stock valued at $41,000 after buying an additional 3,004 shares in the last quarter. Jane Street Group LLC raised its holdings in Mayville Engineering by 28.2% during the 4th quarter. Jane Street Group LLC now owns 18,248 shares of the company’s stock valued at $287,000 after acquiring an additional 4,013 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Mayville Engineering during the first quarter worth $152,000. Institutional investors own 45.44% of the company’s stock.

Insider Buying and Selling at Mayville Engineering

In other news, CEO Jagadeesh A. Reddy acquired 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $14.06 per share, with a total value of $105,450.00. Following the acquisition, the chief executive officer owned 146,285 shares in the company, valued at $2,056,767.10. The trade was a 5.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 9,400 shares of company stock worth $131,942. 7.20% of the stock is currently owned by corporate insiders.

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.