PACCAR (NASDAQ:PCAR) Reaches New 1-Year High on Earnings Beat

Posted by Brian Himes on Jul 31st, 2026

PACCAR Inc. (NASDAQ:PCAR – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $139.24 and last traded at $138.21, with a volume of 5675130 shares trading hands. The stock had previously closed at $133.44.

The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.36 by $0.07. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The business had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. PACCAR’s revenue for the quarter was up .5% on a year-over-year basis.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 12th. PACCAR’s payout ratio is presently 29.79%.

Key Headlines Impacting PACCAR

Here are the key news stories impacting PACCAR this week:

Positive Sentiment: PACCAR’s second-quarter results exceeded expectations, with earnings per share of $1.43 versus the $1.36 consensus estimate and revenue of $7.55 billion compared with expectations of $7.05 billion. Revenue increased slightly year over year, while margin gains and record parts revenue reinforced the company’s earnings quality. Why PACCAR Is Up After Q2 Margin Gains and Record Parts Revenue
Positive Sentiment: Management’s earnings-call commentary highlighted stable truck demand, regulatory clarity and continued strategic investments, supporting expectations for relatively resilient margins and a firm outlook. PACCAR Earnings Call Highlights Strong Momentum
Positive Sentiment: JPMorgan raised its PACCAR price target from $155 to $164 and maintained an “overweight” rating, indicating confidence that earnings strength can support additional appreciation. JPMorgan Raises PACCAR Price Target
Positive Sentiment: Wells Fargo increased its target from $125 to $157, while Citigroup raised its target from $125 to $140. These revisions suggest analysts see improved fundamentals, even though both firms retained neutral-style ratings. Analyst Price Target Revisions
Neutral Sentiment: Analysts continue to assign an average “hold” rating to PACCAR. The cautious consensus, combined with Citigroup’s “neutral” and Wells Fargo’s “equal weight” ratings, indicates that valuation and the already-strong share performance remain areas of investor concern. PACCAR Receives Average Hold Rating

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of PACCAR from $126.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Morgan Stanley set a $119.00 target price on PACCAR in a research report on Wednesday. Sanford C. Bernstein restated an “outperform” rating and issued a $148.00 target price on shares of PACCAR in a research note on Wednesday. Weiss Ratings cut PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, Citigroup raised their price target on PACCAR from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $131.70.

Get Our Latest Report on PCAR

Institutional Investors Weigh In On PACCAR

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators increased its stake in PACCAR by 9.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 887 shares of the company’s stock worth $97,000 after acquiring an additional 80 shares during the last quarter. Gulf International Bank UK Ltd lifted its stake in shares of PACCAR by 0.3% in the 4th quarter. Gulf International Bank UK Ltd now owns 26,202 shares of the company’s stock valued at $2,869,000 after purchasing an additional 81 shares during the last quarter. CYBER HORNET ETFs LLC grew its holdings in shares of PACCAR by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 1,486 shares of the company’s stock worth $163,000 after purchasing an additional 87 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of PACCAR by 3.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,898 shares of the company’s stock worth $317,000 after purchasing an additional 87 shares during the period. Finally, Jackson Square Capital LLC increased its position in shares of PACCAR by 3.5% during the 4th quarter. Jackson Square Capital LLC now owns 2,650 shares of the company’s stock worth $290,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Down 0.1%

The business has a 50-day moving average of $120.95 and a 200-day moving average of $120.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.91 and a current ratio of 1.82. The stock has a market capitalization of $70.40 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.23 and a beta of 0.97.

About PACCAR

(Get Free Report)

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.