PACCAR IncNasdaq: PCAR
Industrials · Construction Machinery & Heavy Transportation Equipment
$119.03
+1.44%
Vol: 2.6M
Research Digest
Friday, June 19, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 20BofA Securities maintained Buy on PACCAR on May 17, 2026, following Q1 EPS of $1.15 and a board-approved dividend hike from $0.33 to $0.35 per share payable June 3.Positive▶
PACCAR received a maintained Buy rating from Bank of America Securities on May 17, 2026, with positive analyst momentum following Q1 results. The company reported Q1 sales of $6.78 billion and net income of $605.3 million ($1.15 EPS), and the board approved a 6% dividend increase from $0.33 to $0.35 per share payable June 3, 2026. Earlier in May, Evercore ISI lowered its PT to $139 from $143 on May 11, while Argus Research reaffirmed Buy on May 5. PACCAR's heavy-transport segment faces headwinds with industrial revenue down 10%, though trucks outperformed the industry (down 13% vs industry down 18%). Risk: cyclical trucking softness and tariff/trade exposure remain key concerns into H2 2026.
May 19PACCAR raises quarterly dividend 6% to $0.35 after Q1 sales decline; Evercore ISI cuts price target to $139.Mixed▶
PACCAR's board approved a 6% dividend hike to $0.35/share (payable June 3, record May 13). Q1 2026 sales fell roughly 10% with the trucks segment down 13%, but net income rose to $605.3M. Evercore ISI lowered its PT to $139 from $143 on May 11, while Argus reaffirmed Buy May 5. The market remains cautious on cyclical truck demand even as the parts segment showed 1% growth.
May 18PACCAR sees analyst price target changes mid-May as truck market shows positive inflection after Q1 earnings.Mixed▶
PACCAR analysts adjusted targets in mid-May 2026: Evercore ISI lowered its price target to $139 from $143, while Citi raised its target to $120 from $113.56 with a Neutral rating, and BNP Paribas initiated coverage with Neutral at $126. The actions follow Q1 2026 results showing $6.78B revenue (beat) and $605.3M net income, plus a dividend increase from $0.33 to $0.35 per share payable June 3 to shareholders of record May 13. CEO commentary highlighted positive inflection in the U.S. and Canada truck market as freight rates improved on tighter capacity.
May 15PACCAR raised quarterly dividend 6% to $0.35/share with Q1 EPS of $1.15 and revenue of $6.78B beating $6.39B consensus despite truck unit decline.Mixed▶
PACCAR's Board approved a quarterly cash dividend increase from $0.33 to $0.35 per share (about 6%), payable June 3, 2026, to stockholders of record on May 13. Q1 2026 revenue of $6.78 billion exceeded consensus of $6.39 billion, with net income of $605.3 million and EPS of $1.15. PACCAR Parts revenue rose to $1.71 billion with pretax income of $402.3 million, partially offsetting weaker truck unit sales (revenue down from $7.44B in Q1 2025). DAF Trucks introduced new XG and XG+ Electric models, with the DAF XF Electric named '2026 Eco-Friendly Truck of the Year' in Spain. Management cited improving customer demand as freight rates rise from reduced industry capacity. Analyst consensus is Hold with average PT $117.56.
May 14PACCAR raised its quarterly dividend 6% to $0.35 even as Q1 revenue slid and Zacks cut Q2 estimatesMixed▶
PACCAR reported Q1 2026 revenue of $6.78 billion and net income of $605.3 million ($1.15 diluted EPS), with truck unit sales declining while Parts revenue rose to $1.71 billion and Financial Services pretax income reached $115.5 million. The board lifted the quarterly dividend 6% to $0.35 per share, payable June 3 to holders of record May 13, implying about a 1.1% yield. U.S. and Canada Class 8 retail sales are expected at 230,000-270,000 units in 2026 as freight rates improve. On May 12, Zacks Research cut its Q2 2026 EPS estimate, and consensus rating is Hold with a 12-month target of about $118. DAF expanded its battery-electric truck lineup with new XD, XF, XG and XG+ models for vocational use. Risk remains a soft truck cycle pressuring volumes despite resilient Parts and Financial Services profits.
May 13No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 12PACCAR raises quarterly dividend to $0.35 with May 13 ex-date as Q1 EPS of $1.15 holds up on $1.71B parts revenuePositive▶
PACCAR raised its quarterly dividend to $0.35 per share with an ex-date of May 13, 2026, payable June 3 (annualized $1.40). Q1 2026 results showed consolidated revenues of $6.78 billion and net income of $605.3 million ($1.15 diluted EPS), supported by record PACCAR Parts revenue of $1.71 billion with $402.3 million pretax income and PACCAR Financial Services pretax income of $115.5 million. Truck unit sales declined but parts and finance offset weakness, while production backlog is increasing as US/Canada truck demand recovers on higher freight rates and reduced industry capacity. DAF Trucks expanded its battery-electric range with new multi-axle XD, XF, XG and XG+ Electric tractor and rigid models for vocational applications. Analyst consensus is Hold with a 12-month target of $118.11.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CATCATERPILLAR | $991.23 | +3.69% | -3.1% | 32.0x | 1.56 | $443.8B |
| CMICUMMINS | $716.50 | -0.18% | -4.8% | 19.5x | 1.22 | $91.3B |
| PCARPACCAR | $119.03 | +1.44% | +2.1% | 17.6x | 0.98 | $62.9B |
| WABWABTEC | $274.80 | +1.08% | -3.8% | 21.6x | 0.94 | $44.5B |
| GEGENERAL | $359.14 | +0.59% | +3.2% | 43.4x | 1.35 | $394.4B |
| GEVGE | $1,111.86 | +6.01% | +5.2% | 45.4x | 0.94 | $299.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.