Promising Outlook for Mayville Engineering: Strong Execution, New Business Wins, and Strategic Positioning Drive Buy Rating

William Blair analyst Ross Sparenblek has maintained their bullish stance on MEC stock, giving a Buy rating yesterday.

Ross Sparenblek has given his Buy rating due to a combination of factors that highlight Mayville Engineering Company’s promising outlook. The company has demonstrated strong operational execution and has secured significant new business wins, which are expected to bolster its financial performance in the coming years. Additionally, Mayville’s strategic position as a beneficiary of the reshoring trend in the U.S. is anticipated to drive further growth, especially if U.S. tariff policies remain favorable.
Despite challenges in the commercial vehicle segment, Mayville has maintained its full-year guidance, supported by robust new business acquisitions. The company’s ability to navigate inventory destocking and its expectations for demand recovery in key markets like powersports and commercial vehicles further reinforce the positive outlook. The potential for increased quoting activity and multimillion-dollar opportunities also suggests that Mayville is well-positioned to exceed its business targets, making it an attractive investment option.

In another report released yesterday, Citi also maintained a Buy rating on the stock with a $17.00 price target.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MEC in relation to earlier this year.