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Mayville Engineering Company, Inc. (MEC)

NYSE: MEC · IEX Real-Time Price · USD
19.82
+0.94 (4.98%)
After-hours:Sep 24, 2021 7:00 PM EDT
18.88
0.25 (1.34%)
At close: Sep 24, 4:00 PM
Market Cap405.83M
Revenue (ttm)419.25M
Net Income (ttm)5.71M
Shares Out20.48M
EPS (ttm)0.28
PE Ratio68.65
Forward PE20.79
Dividendn/a
Ex-Dividend Daten/a
Volume160,987
Open18.85
Previous Close18.63
Day's Range18.81 - 20.31
52-Week Range8.62 - 22.16
Beta0.53
AnalystsStrong Buy
Price Target24.00 (+27.1%)
Est. Earnings DateNov 2, 2021

About MEC

Mayville Engineering Company, Inc., together with its subsidiaries, operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components. It also supplies engineered components to original equipment manufacturers. The company was founded in 1945 and is headquartered in Mayville, Wisc...

IndustryMetals & Mining
IPO DateMay 9, 2019
Employees2,150
Stock ExchangeNYSE
Ticker SymbolMEC
Full Company Profile

Financial Performance

In 2020, MEC's revenue was $357.61 million, a decrease of -31.19% compared to the previous year's $519.70 million. Losses were -$7.09 million, 49.2% more than in 2019.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for MEC stock is "Strong Buy." The 12-month stock price forecast is 24.00, which is an increase of 27.12% from the latest price.

Price Target
$24.00
(27.12% upside)
Analyst Consensus: Strong Buy

News

Why Mayville Engineering Stock Is Soaring Higher Today

The company could be a beneficiary of insourcing trends.

1 week ago - The Motley Fool

Mayville Engineering (MEC) Q2 Earnings and Revenues Lag Estimates

Mayville Engineering (MEC) delivered earnings and revenue surprises of -30.43% and -3.41%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Mayville Engineering Company, Inc. Announces Second Quarter 2021 Results

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and ...

1 month ago - Business Wire

Mayville Engineering (MEC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Mayville Engineering (MEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Mayville Engineering Company Announces Second Quarter 2021 Earnings Release and Conference Call

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (“MEC”) today announced that it will release financial results for the second quarter 2021 after market close on Tuesday, August 3rd, ...

2 months ago - Business Wire

Mayville Engineering (MEC) Moves 6.3% Higher: Will This Strength Last?

Mayville Engineering (MEC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength do...

3 months ago - Zacks Investment Research

Mayville Engineering Company's (MEC) Shares March Higher, Can It Continue?

As of late, it has definitely been a great time to be an investor in Mayville Engineering Company, Inc. (MEC).

3 months ago - Zacks Investment Research

Here's Why Momentum in Mayville Engineering (MEC) Should Keep going

Mayville Engineering (MEC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed thro...

3 months ago - Zacks Investment Research

Mayville Engineering Company Finalizes Plans to Open New Facility in Hazel Park, Michigan

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value added manufacturing partner that provides a broad range of prototyping and ...

3 months ago - Business Wire

MEC Named Top U.S. Fabricator for 11th Consecutive Year

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and ...

3 months ago - Business Wire

Surging Earnings Estimates Signal Upside for Mayville Engineering (MEC) Stock

Mayville Engineering (MEC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

3 months ago - Zacks Investment Research

Mayville Engineering Company Expanding Production Capacity in Michigan

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and ...

4 months ago - Business Wire

Mayville Engineering Company, Inc. Announces First Quarter 2021 Results

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and ...

4 months ago - Business Wire

Recent Price Trend in Mayville Engineering (MEC) is Your Friend, Here's Why

If you are looking for stocks that are well positioned to maintain their recent uptrend, Mayville Engineering (MEC) could be a great choice. It is one of the several stocks that passed through our "Rece...

4 months ago - Zacks Investment Research

Mayville Engineering Company, Inc. Announces First Quarter 2021 and Earnings Release and Conference Call Information

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (“MEC”) today announced that it will release financial results for the first quarter 2021 after market close on Tuesday, May 4th, 2021...

5 months ago - Business Wire

Mayville Engineering Company, Inc. Announces New Strategic Customer Relationship

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and ...

5 months ago - Business Wire

Mayville Engineering Company Recognized by PACCAR as a Top-Performing Supplier

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value added manufacturing partner that provides a broad range of prototyping and ...

6 months ago - Business Wire

Brokers Love These Construction Stocks, Maybe You Should Too

It might be a wise decision to go ahead with construction stocks preferred by analysts who offer key information, which is of great value to investors amid positive momentum in the sector.

Other symbols:CCSDHIGTESHWM
6 months ago - Zacks Investment Research

Mayville Engineering Company, Inc. Announces Fourth Quarter and Full Year 2020 Results

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value added manufacturing partner that provides a broad range of prototyping and ...

6 months ago - Business Wire

Will Mayville Engineering (MEC) Report Negative Q4 Earnings? What You Should Know

Mayville Engineering (MEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

Engineering R&D Services Industry to Prosper: 5 Stocks in Focus

Engineering R&D Services Industry to Prosper: 5 Stocks in Focus

Other symbols:ACMGTESHWMPWR
7 months ago - Zacks Investment Research

Mayville Engineering Company, Inc. Announces Fourth Quarter 2020 and Full Year 2020 Earnings Release and Conference C...

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (“MEC”) today announced that it will release financial results for the fourth quarter 2020 and full year 2020 after market close on Tu...

7 months ago - Business Wire

Grab These 4 Breakout Stocks for Spectacular Gains

In case a stock falls below the lower bound of this band, it may be time to offload it from your portfolio.

Other symbols:ANGOIBNLPL
7 months ago - Zacks Investment Research

Mayville Engineering Company, Inc. Announces Appointment of Jennifer Kent to Board of Directors

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (“MEC”) today announced that the Board of Directors has elected Jennifer Kent as a director of the Company. The Company al...

9 months ago - Business Wire

Mayville Engineering Company, Inc. Named to Wisconsin 75

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (“MEC”) is proud to announce their ranking as number 39 on the list of the largest closely held companies in the state of ...

10 months ago - Business Wire