Mayville Engineering Company, Inc. (MEC)

Over the past six months, MEC's stock price increased from $14.68 to $18.41, a 25.41% gain. Analyst sentiment has been positive, with Citigroup maintaining a "Buy" rating and raising its price target twice, and DA Davidson initiating coverage with a "Buy" rating. MEC's Q2 2025 earnings met estimates, while Q3 2025 net sales increased by 6.6% year-over-year, but organic net sales decreased, and the company reported a GAAP net loss. MEC acquired Accu-Fab Inc. for over $140 million to expand into new manufacturing capabilities and the data center and critical power markets, aiming to offset softening demand in traditional markets. A new Senior Vice President of Operations and Supply Chain was appointed.

MEC's revenue has been influenced by cyclical markets like commercial vehicles and agriculture. The company is mitigating this seasonality by expanding into high-growth sectors like data centers and critical power to create a more stable demand profile.

Mayville Engineering Co., Inc. (MEC) is a leading U.S.-based, vertically-integrated, value-added manufacturing partner operating in the Industrial Machinery industry. MEC provides comprehensive manufacturing solutions, including design, prototyping, tooling, production fabrication, aluminum extrusion, coating, assembly, and aftermarket components. MEC is the largest metal fabricator in the U.S. for fifteen consecutive years, supplying complex metal components, assemblies, and finished products to diverse markets like commercial vehicles, construction, powersports, agriculture, military, data centers, and critical power infrastructure.

MEC has an extensive manufacturing infrastructure with 20 to 23 facilities across seven states in the U.S. Key operational locations include multiple sites in Wisconsin (Mayville, Beaver Dam, Fond du Lac, Neillsville), with its headquarters in Milwaukee, and several facilities in Michigan (Byron Center, Hazel Park, Vanderbilt, Wayland).

MEC has maintained a strong brand reputation, being named the nation's largest fabricator by The Fabricator Magazine for the fifteenth consecutive year. No specific negative events impacting the company's reputation were found.

MEC has a mixed ownership structure including institutional, retail, and individual investors. Institutional investors hold approximately 55.13% of the stock, with major holders including Allspring Global Investments Holdings, LLC, Vanguard Group Inc, and Dimensional Fund Advisors LP. Insiders own about 4.13%, while public companies and individual investors hold around 40.74%. MEC is also noted as an employee-owned company.