New insider activity at Mayville Engineering Company ( (MEC) ) has taken place on March 8, 2025.
Sean P Leuba, the Senior Vice President of Corporate Development and General Counsel, has acquired 1,000 shares of Mayville Engineering Company stock, with the transaction valued at $14,170.
Recent Updates on MEC stock
Mayville Engineering Company (MEC) recently reported its Q4 2024 earnings, revealing a decrease in net sales by 18.4% year-over-year, attributed to reduced customer demand and inventory de-stocking across key markets. Despite these challenges, the company maintained stable margins and profitability through strategic initiatives under the MBX framework. Citi analyst Andrew Kaplowitz lowered the price target for MEC due to the earnings report falling below expectations, driven by softness in demand and inventory destocking, which pressured margins. However, the analyst noted that Mayville’s proactive cost measures could help offset near-term softness until a recovery in end-market demand. The company demonstrated resilience with strong free cash flow generation, significant debt reduction, and new business wins, highlighting its strategic focus on long-term growth. Looking forward, MEC anticipates a gradual improvement in demand in the latter half of 2025 and plans to explore strategic growth opportunities in emerging markets while maintaining balance sheet discipline.
More about Mayville Engineering Company
YTD Price Performance: -8.56%
Average Trading Volume: 92,332
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $284.3M