PACCAR IncNasdaq: PCAR
Industrials · Construction Machinery & Heavy Transportation Equipment
$121.03
+10.69%
Vol: 273K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 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.
May 11PACCAR raised quarterly dividend 6% to $0.35 with Q1 net income of $605M ($1.15 EPS) up from $505M despite revenue declining to $6.78B.Mixed▶
PACCAR reported Q1 2026 net income of $605.3M ($1.15 per diluted share) vs $505.1M ($0.96) prior year, on revenues of $6.78B vs $7.44B. PACCAR Parts revenue was $1.71B with $402.3M pretax income; cash from operations totaled $971.8M. The company raised its quarterly dividend 6% to $0.35 per share, payable June 3 to holders of record May 13. Management estimates 2026 U.S./Canada Class 8 truck industry retail sales at 230,000-270,000 units, supported by improving freight rates and reduced industry capacity. DAF Trucks expanded its battery-electric truck range with up to 300-mile zero-emission operations. Risk: revenue miss and cyclical truck demand exposure keep valuation in check; analyst consensus is Hold with $118.11 PT.
May 8PACCAR Q1 2026 earnings beat: $1.15 EPS (+19.8% YoY), raises dividend 6% to $0.35; Parts revenue $1.71BPositive▶
PACCAR reported Q1 2026 revenues $6.78B (down from $7.44B YoY) with net income $605.3M and diluted EPS $1.15 (+19.8% YoY). PACCAR Parts revenue strong at $1.71B with $402.3M pretax income. Financial Services contributed $115.5M pretax income. Board raised quarterly dividend 6% to $0.35 per share. Stock price $114.34, up 13.5% in past six months. Production backlog increased due to stronger truck demand and positive freight rates.
May 6PACCAR reports Q1 2026 revenue of $6.78B and increases quarterly dividend to $0.35 per shareNeutral▶
PACCAR reported Q1 2026 revenue of $6.78 billion (down from $7.44 billion prior year) with net income of $605.3 million. President Kevin Baney noted U.S./Canada truck market positive inflection with improved customer demand despite fuel cost volatility and 2027 emissions cost awareness. Board approved increase in quarterly cash dividend from $0.33 to $0.35 per share. PACCAR Parts and PACCAR Financial Services delivered record revenue and strong profits in 2025. 2025 annual net income of $2.64 billion ($5.01 per share) was fourth best in 120-year history. JPMorgan lowered price target to $140 from $150. Hold rating consensus among 10 analysts with $118.11 target.
May 5PACCAR reports mixed Q1 with revenue miss but solid EPS growth and margin expansionMixed▶
PACCAR shares fell 6.1% after reporting Q1 revenue of $6.78 billion slightly below consensus estimate of $6.82 billion, representing 8.9% YoY decline. However, GAAP EPS of $1.15 matched expectations and was up from $0.96 prior year with operating margin expanding significantly to 16.3% from 10.3%. FY2025 achieved adjusted net income of $2.64 billion ($5.01 diluted share), fourth best in company's 120-year history, with annual revenue of $28.44 billion. PACCAR Parts and PACCAR Financial Services delivered record results. Truist raised PT to $126 from $120 after Q1 results. Analyst consensus rates as Hold with $118.11 PT.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CATCATERPILLAR | $933.44 | +7.79% | +0.2% | 29.1x | 1.63 | $398.8B |
| CMICUMMINS | $679.35 | +6.35% | -5.8% | 19.2x | 1.27 | $88.1B |
| PCARPACCAR | $121.03 | +10.69% | -2.1% | 16.1x | 1.03 | $57.5B |
| WABWABTEC | $271.33 | +6.34% | -1.9% | 21.0x | 0.97 | $43.3B |
| GEGENERAL | $346.55 | +14.84% | +5.5% | 34.8x | 1.35 | $315.3B |
| GEVGE | $960.63 | -7.97% | +3.1% | 42.6x | 1.31 | $280.5B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.