Chief Human Resources Officer Rachele Lehr purchased 1,500 shares of Mayville Engineering Co Inc (MEC, Financial) on November 7, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 7,521 shares of the company.
Mayville Engineering Co Inc, a company engaged in the manufacture of metal components and assemblies for the commercial vehicle, motorcycle, construction, and other industrial markets, has seen a pattern of insider transactions over the past year. There have been six insider buys and one insider sell during this period.
On the date of the latest purchase by the insider, shares of Mayville Engineering Co Inc were priced at $15.9. This valuation sets the company's market cap at approximately $354.051 million. The price-earnings ratio of the company stands at 29.07, which is above the industry median of 25.41.
The stock's GF Value is calculated at $14.44, indicating that with a trading price of $15.9, Mayville Engineering Co Inc is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.1.
The GF Value is derived from historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted based on the company's past performance and expected future business outcomes.
This recent acquisition by Rachele Lehr aligns with the broader trend of insider buying at Mayville Engineering Co Inc, potentially signaling confidence in the company's future prospects from those most familiar with its operations.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
