Mayville Engineering (NYSE:MEC) Director Sells $191,100.00 in Stock

Mayville Engineering Company, Inc. (NYSE:MEC) Director Steven Fisher sold 10,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $19.11, for a total transaction of $191,100.00. Following the sale, the director owned 30,482 shares of the company’s stock, valued at $582,511.02. The trade was a 24.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mayville Engineering Trading Down 0.3%

Shares of NYSE:MEC traded down $0.05 during mid-day trading on Monday, reaching $18.57. The stock had a trading volume of 157,825 shares, compared to its average volume of 138,200. The firm has a market cap of $377.40 million, a PE ratio of 32.02 and a beta of 1.13. Mayville Engineering Company, Inc. has a twelve month low of $11.72 and a twelve month high of $19.25. The company has a current ratio of 1.82, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The firm has a 50 day simple moving average of $16.03 and a two-hundred day simple moving average of $15.44.

Mayville Engineering (NYSE:MEC) last announced its earnings results on Tuesday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $144.31 million for the quarter, compared to the consensus estimate of $141.36 million. Mayville Engineering had a net margin of 2.29% and a return on equity of 5.88%. On average, research analysts predict that Mayville Engineering Company, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Mayville Engineering

Several large investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in Mayville Engineering by 109.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,751 shares of the company’s stock valued at $38,000 after acquiring an additional 1,435 shares in the last quarter. AlphaQuest LLC boosted its position in Mayville Engineering by 222.8% during the first quarter. AlphaQuest LLC now owns 7,879 shares of the company’s stock worth $106,000 after purchasing an additional 5,438 shares during the period. JPMorgan Chase & Co. grew its stake in Mayville Engineering by 20.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock valued at $127,000 after buying an additional 1,359 shares in the last quarter. CHICAGO TRUST Co NA bought a new stake in shares of Mayville Engineering during the 2nd quarter valued at $165,000. Finally, EntryPoint Capital LLC bought a new position in shares of Mayville Engineering in the first quarter valued at approximately $221,000. 45.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MEC shares. Weiss Ratings restated a “hold (c-)” rating on shares of Mayville Engineering in a research note on Wednesday, October 8th. Craig Hallum set a $24.00 price target on Mayville Engineering and gave the company a “buy” rating in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $21.50.

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.