What is Northland Securities’ Estimate for MEC Q2 Earnings?

Mayville Engineering Company, Inc. (NYSE:MEC) – Equities researchers at Northland Securities boosted their Q2 2026 earnings estimates for Mayville Engineering in a report released on Monday, June 1st. Northland Securities analyst T. Jackson now expects that the company will earn ($0.04) per share for the quarter, up from their prior forecast of ($0.08). The consensus estimate for Mayville Engineering’s current full-year earnings is ($0.23) per share. Northland Securities also issued estimates for Mayville Engineering’s Q3 2026 earnings at $0.18 EPS, FY2026 earnings at ($0.04) EPS, FY2029 earnings at $1.21 EPS and FY2030 earnings at $1.18 EPS.

Several other research analysts have also recently weighed in on MEC. DA Davidson boosted their target price on Mayville Engineering from $23.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Citigroup increased their price target on Mayville Engineering from $25.00 to $33.00 and gave the company a “buy” rating in a report on Friday, May 8th. Weiss Ratings downgraded Mayville Engineering from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Finally, Zacks Research raised Mayville Engineering from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Four 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, Mayville Engineering currently has an average rating of “Moderate Buy” and a consensus target price of $29.75.

Mayville Engineering Stock Up 4.6%

Shares of NYSE MEC opened at $32.31 on Wednesday. The stock has a market cap of $662.09 million, a PE ratio of -40.39 and a beta of 1.29. The company has a current ratio of 1.64, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91. Mayville Engineering has a 12-month low of $12.10 and a 12-month high of $32.50. The company has a 50-day moving average of $22.06 and a 200 day moving average of $19.86.

Mayville Engineering (NYSE:MEC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.13. The firm had revenue of $144.78 million for the quarter, compared to the consensus estimate of $139.18 million. Mayville Engineering had a negative net margin of 2.93% and a negative return on equity of 5.77%.

Insiders Place Their Bets

In other Mayville Engineering news, EVP Ryan F. Raber sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $26.00, for a total value of $520,000.00. Following the transaction, the executive vice president owned 86,970 shares of the company’s stock, valued at $2,261,220. This represents a 18.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Craig D. Nichols sold 4,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $23.24, for a total transaction of $92,960.00. Following the transaction, the senior vice president directly owned 146 shares of the company’s stock, valued at approximately $3,393.04. This trade represents a 96.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 72,936 shares of company stock valued at $1,892,555 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Mayville Engineering

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in shares of Mayville Engineering by 109.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,751 shares of the company’s stock worth $38,000 after purchasing an additional 1,435 shares during the period. Clearstead Advisors LLC increased its holdings in 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 purchased a new stake in Mayville Engineering in the fourth quarter valued at approximately $73,000. Picton Mahoney Asset Management purchased a new stake in Mayville Engineering in the fourth quarter valued at approximately $109,000. Finally, AlphaQuest LLC lifted its stake in Mayville Engineering by 26.2% during the third quarter. AlphaQuest LLC now owns 8,342 shares of the company’s stock worth $115,000 after purchasing an additional 1,733 shares in the last quarter. 45.44% of the stock is currently 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: Northland Securities raised multiple earnings estimates for Mayville Engineering (NYSE: MEC), including FY2027 to $0.88 from $0.83 and FY2028 to $1.07 from $1.06, which suggests analysts see a stronger profit outlook ahead.
• Positive Sentiment: The company was named the number one fabricator for the sixteenth consecutive year, reinforcing its brand strength and competitive position in the industrial manufacturing space. Mayville Engineering Company Named Number One Fabricator for Sixteenth Consecutive Year
• Neutral Sentiment: Northland also nudged higher near-term quarterly EPS estimates, indicating gradual earnings improvement, although the company is still expected to post a loss for the current fiscal year.
• Neutral Sentiment: CEO Jagadeesh A. Reddy sold 17,942 shares at $30 each, reducing his stake by about 11.3%. Insider selling can create caution among investors, though it does not necessarily signal weaker fundamentals. SEC Form 4
• Neutral Sentiment: A separate look-back on Q1 results highlighted MEC’s earnings beat versus expectations, but it did not add a major new catalyst.

Mayville Engineering Company Profile

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.