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Mayville Engineering Company, Inc.

MEC · NYSE

Market closed$30.92$-1.58 (-4.86%)After hours $30.89 · -0.10%

Key statistics

Previous close$32.50
Open$31.88
Day high$32.03
Day low$28.52
52-week high$38.76
52-week low$12.10
Market cap632.48M
Volume1.04M
Average volume512.75K
P/E ratio-1.03K
Forward P/E—
EPS-0.03
Dividend yield0.00%

Market context

Why it moved

MEC shares fell sharply amid broad selling pressure and a lack of positive catalysts, with no significant company-specific news to support the stock as it pulled back from recent highs on elevated trading volume.

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What is happening

Recent company-specific developments and publisher coverage.

July 16, 2026Mayville Engineering closed sharply lower, declining over 4%, as a confluence of bearish factors weighed on the small-cap metal fabricator. Recent analyst commentary flagged concerns including declining sales, a 42.7% two-year EPS drop, and a high net-debt-to-EBITDA ratio of 5x, with at least one report listing MEC among "risky" small-cap names. Allspring Global Investments also disclosed a stake reduction as of June 30. Notably, a Citigroup analyst raised the price target to $43 with a Buy rating on July 13, offering a contrasting bullish view, though the broader industrials sector faced headwinds as AI-linked stocks led markets lower.

-4.2146

July 15, 2026Mayville Engineering fell after a week of conflicting analyst signals — Citigroup raised its price target to $43 while maintaining a Buy rating, but bearish commentary calling MEC a stock to 'sell' cited declining sales, a 42.7% two-year EPS drop, and a concerning 5x net-debt-to-EBITDA ratio. Adding pressure, Allspring Global Investments reduced its stake as of June 30, and broader industrials faced headwinds from cyclical concerns amid a tech-led market rally. Shares closed down roughly 1.6%, underperforming the XLI sector ETF.

-1.6237

July 15, 2026Mayville Engineering surged over 5% in regular trading and extended gains in after-hours amid a broader industrial sector rally, with the stock also highlighted as a compelling 'under $50' opportunity in recent analyst commentary. Citigroup raised its price target on MEC to $43 while maintaining a Buy rating, and the stock is benefiting from resilient industrial demand trends and its positioning as a domestic metal fabrication play — attractive given ongoing U.S.-China trade tensions and reshoring momentum. The broader macro backdrop also helped, as a softer June CPI print (headline down to 3.5%) lifted market sentiment and supported cyclical industrials.

5.0564

July 14, 2026Mayville Engineering closed lower, pulled down alongside the broader industrials sector as renewed U.S.-Iran military tensions sent oil prices surging and rattled equity markets. The decline came despite a notably bullish catalyst: Citigroup analyst Andrew Kaplowitz maintained a Buy rating and raised his price target sharply from $33 to $43, implying significant upside from current levels. The macro headwinds — rising inflation fears, chip sector weakness, and geopolitical uncertainty ahead of Q2 earnings season — overshadowed the analyst upgrade, though shares edged back toward $33 in after-hours trading.

-2.6394

July 9, 2026Mayville Engineering shares closed up nearly 3%, outperforming the broader industrials sector (XLI), as conflicting analyst sentiment and an institutional ownership disclosure from Allspring Global Investments — reporting a 4.2% passive stake — drew investor attention. The gains came amid a favorable backdrop for domestic metal fabricators, with the ISM manufacturing index registering expansion for the sixth straight month and tariff-driven reshoring tailwinds benefiting U.S.-based contract manufacturers, even as persistent cost inflation and renewed U.S.-Iran geopolitical tensions kept macro uncertainty elevated.

2.9168

July 8, 2026Mayville Engineering closed down nearly 2% as a broad risk-off session weighed on industrial and manufacturing stocks, with the industrials sector among the hardest hit after President Trump declared the U.S.-Iran peace framework 'over,' sending oil prices surging over 5% and rattling cyclical names. Adding to the company-specific backdrop, analysts remain divided on MEC per recent coverage, while Allspring disclosed a fresh 4.2% passive stake in the company, and broader industrials sentiment faces headwinds from geopolitical uncertainty even as the sector has been one of 2026's top performers year-to-date.

-1.7836

July 8, 2026Mayville Engineering Company fell nearly 4%, underperforming the broader industrials sector (XLI), as a negative analyst note flagged the stock among '3 Industrials Stocks That Concern Us,' weighing on investor sentiment. The decline came on above-average volume against a broadly softer U.S. equity session, with rising Treasury yields — including the 30-year breaching the 5% level — adding pressure on cyclical manufacturers tied to heavy equipment, agriculture, and recreational vehicle demand.

-3.8652

July 7, 2026Mayville Engineering Company advanced alongside the broader industrials sector, with XLI near its 52-week high, as investor rotation out of tech and into cyclicals gathered momentum following weak June jobs data that tempered Fed rate hike expectations. The metal fabrication contract manufacturer, whose business is closely tied to heavy equipment, agricultural machinery, and recreational vehicle demand, benefited from improving sentiment toward industrial names amid hopes that Q2 earnings will confirm the sector's resilience and margin stability through current economic cycles.

2.5633

GuruFocus · July 14, 2026MEC Maintained by Citigroup -- Price Target Raised to $43.00Moomoo · July 14, 2026Mayville Engineering Is Maintained at Buy by CitigroupSimply Wall Street · May 29, 2026Have Insiders Sold Mayville Engineering Company Shares Recently?Seeking Alpha · March 4, 2026Mayville Engineering's Tumble Represents A Buying Opportunity (NYSE:MEC)Quiver Quantitative · March 3, 2026Mayville Engineering Company Inc. (MEC) Releases Q4 2025 Earnings: Revenue Up 10.7% but EPS Miss, Operating LossStock Titan · February 18, 2026How to join Mayville Engineering’s Q4 2025 earnings call on March 4
Benzinga · July 13, 2026Citigroup Maintains Buy on Mayville Engineering, Raises Price Target to $43
Mt Newswire · June 12, 2026Mayville Engineering Company Insider Sold Shares Worth $549,824, According to a Recent SEC Filing
Mt Newswire · June 2, 2026Mayville Engineering Company Insider Sold Shares Worth $538,262, According to a Recent SEC Filing
Mt Newswire · May 27, 2026Mayville Engineering Company Insider Sold Shares Worth $520,000, According to a Recent SEC Filing
Mt Newswire · May 20, 2026Mayville Engineering Prices $87 Million Common Stock Offering; Shares Down Pre-Bell
Mt Newswire · May 19, 2026Mayville Engineering Launches Public Share Offering
Benzinga · May 19, 2026Mayville Engineering Reveals Proposed Public Offering of Common Stock; No Size Disclosed
Benzinga · May 11, 2026DA Davidson Maintains Buy on Mayville Engineering, Raises Price Target to $32

Peers

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