Mayville Engineering Company, Inc. ($MEC) posted stronger second-quarter top-line results, with revenue rising $163.0 million, up 23.2% year over year and above analyst expectations. Gross profit increased to $17.7 million, while operating profit improved sharply to $0.4 million, reflecting better profitability on the higher sales base.
Even with those gains, the company remained in the red. Net loss attributable to common shareholders narrowed to $2.1 million, and diluted loss per share improved to $0.09. The result came in slightly below the earnings estimate, even as sales topped forecasts.
- Revenue: $163.0 million, up 23.2% year over year
- Gross profit: $17.7 million, up 29.9% year over year
- Operating profit: $0.4 million, up 410.5% year over year
- Net loss: $2.1 million
- Diluted EPS: $0.09 loss
Cash from operating activities totaled $1.4 million, while capital spending climbed to $8.1 million. The balance sheet showed cash and cash equivalents of $2.2 million, with total liabilities at $263.1 million. Shares fell 10.9% after the release.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Mayville Engineering Company, Inc. Insider Trading Activity
Mayville Engineering Company, Inc. insiders have traded $MEC stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $MEC stock by insiders over the last 6 months:
- JAGADEESH A REDDY (President & CEO) has made 0 purchases and 3 sales selling 34,930 shares for an estimated $1,133,595.
- RYAN F RABER (EVP - Strategy, Sales & Mktg) sold 20,000 shares for an estimated $520,000
- SEAN P LEUBA (GC & Secretary) has made 0 purchases and 2 sales selling 9,198 shares for an estimated $176,164.
- CRAIG D NICHOLS (SVP, Operations & Supply Chain) sold 4,000 shares for an estimated $92,960
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Mayville Engineering Company, Inc. Hedge Fund Activity
We have seen 60 institutional investors add shares of Mayville Engineering Company, Inc. stock to their portfolio, and 55 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BOSTON PARTNERS added 463,792 shares (+199.4%) to their portfolio in Q2 2026, for an estimated $17,373,648
- 22NW, LP removed 414,280 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $7,436,326
- PORTOLAN CAPITAL MANAGEMENT, LLC added 308,374 shares (+60.1%) to their portfolio in Q1 2026, for an estimated $5,535,313
- MILLENNIUM MANAGEMENT LLC added 227,772 shares (+148.7%) to their portfolio in Q1 2026, for an estimated $4,088,507
- PANORAMIC CAPITAL, LLC added 140,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,513,000
- CENTERBOOK PARTNERS LP removed 135,488 shares (-53.0%) from their portfolio in Q1 2026, for an estimated $2,432,009
- SQUAREPOINT OPS LLC added 110,569 shares (+inf%) to their portfolio in Q1 2026, for an estimated $1,984,713
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Mayville Engineering Company, Inc. Price Targets
Multiple analysts have issued price targets for $MEC recently. We have seen 3 analysts offer price targets for $MEC in the last 6 months, with a median target of $32.0.
Here are some recent targets:
- Michael Shlisky from DA Davidson set a target price of $32.0 on 05/11/2026
- Andrew Kaplowitz from Citigroup set a target price of $33.0 on 05/08/2026
- Ted Jackson from Northland Capital Markets set a target price of $25.0 on 03/05/2026
