Truist Financial Increases PACCAR (NASDAQ:PCAR) Price Target to $126.00

Key Points

• Truist Financial raised its price target on PACCAR to $126.00 (from $120) while keeping a "hold" rating, implying roughly a 3.74% upside from the prior close.
• PACCAR slightly beat Q1 EPS estimates ($1.15 vs. $1.13) but missed revenue ($6.23B vs. $6.37B), with revenue down about 9.8% year-over-year despite management citing sequential improvement and an expanding production backlog.
• The analyst consensus remains a "Hold" with an average target of $118.42, while insiders have been net sellers recently and institutional investors own about 64.9% of the stock.

PACCAR (NASDAQ:PCAR - Get Free Report) had its price target lifted by research analysts at Truist Financial from $120.00 to $126.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's target price indicates a potential upside of 3.74% from the stock's previous close.

A number of other research analysts have also recently issued reports on the company. Citigroup lifted their price objective on PACCAR from $125.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, April 13th. Sanford C. Bernstein reissued an "outperform" rating on shares of PACCAR in a research note on Tuesday, February 24th. Wall Street Zen upgraded PACCAR from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Morgan Stanley set a $109.00 price target on shares of PACCAR and gave the stock an "equal weight" rating in a research note on Tuesday, February 3rd. Finally, Wells Fargo & Company set a $125.00 price objective on shares of PACCAR in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $118.42.

PACCAR Stock Up 1.5%

PCAR traded up $1.84 during midday trading on Wednesday, reaching $121.45. The company's stock had a trading volume of 257,975 shares, compared to its average volume of 3,115,380. PACCAR has a 1 year low of $86.60 and a 1 year high of $131.88. The stock's 50-day moving average is $121.18 and its 200-day moving average is $114.16. The firm has a market capitalization of $63.92 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.06 and a beta of 1.06. The company has a current ratio of 2.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.55.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period last year, the business earned $1.46 earnings per share. The business's revenue was down 9.8% on a year-over-year basis. As a group, research analysts expect that PACCAR will post 5.55 EPS for the current year.

Insider Activity at PACCAR

In other news, CEO R Preston Feight sold 9,258 shares of the firm's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $129.70, for a total value of $1,200,762.60. Following the transaction, the chief executive officer directly owned 258,566 shares in the company, valued at $33,536,010.20. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brice J. Poplawski sold 2,200 shares of PACCAR stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $130.41, for a total value of $286,902.00. Following the completion of the sale, the chief financial officer directly owned 903 shares of the company's stock, valued at $117,760.23. The trade was a 70.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 133,105 shares of company stock valued at $16,869,046 over the last quarter. 1.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On PACCAR

Large investors have recently made changes to their positions in the company. Ares Financial Consulting LLC bought a new position in shares of PACCAR in the 4th quarter worth approximately $27,000. MCF Advisors LLC increased its holdings in PACCAR by 57.5% during the fourth quarter. MCF Advisors LLC now owns 252 shares of the company's stock valued at $28,000 after buying an additional 92 shares during the last quarter. Steph & Co. bought a new position in PACCAR in the first quarter worth approximately $29,000. Elyxium Wealth LLC purchased a new position in shares of PACCAR during the 4th quarter worth $30,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of PACCAR in the 3rd quarter worth $32,000. 64.90% of the stock is currently owned by institutional investors.

Trending Headlines about PACCAR

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: PACCAR raised its quarterly dividend 6.1% to $0.35 per share (annualized yield ~1.2%), signaling confidence in cash flow and returning capital to shareholders. PACCAR Increases Regular Quarterly Dividend
• Positive Sentiment: PACCAR beat EPS estimates ($1.15 vs. $1.13) driven by stronger PACCAR Parts and Financial Services profitability, which helps offset weaker truck unit volumes. PCAR Q1 Earnings Surpass Estimates on Higher Parts Profit
• Positive Sentiment: Company commentary highlighted sequential improvement vs. Q4 and an expanding production backlog, which could support truck shipments if demand strengthens. PACCAR Achieves Good Financial Performance
• Neutral Sentiment: PACCAR released its Q1 slide deck and earnings/analyst call materials and transcripts — useful for detail on margins, parts/finance trends and dealer inventories but contain no major forecast changes. PACCAR Inc 2026 Q1 - Results - Earnings Call Presentation
• Neutral Sentiment: Full earnings call and prepared remarks are available for deeper read — they explain margin drivers (parts, finance) and the truck demand backdrop but did not include a material guidance shift. PACCAR Inc (PCAR) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Revenue missed expectations ($6.23B actual vs. $6.37B est.) and was down ~9.8% YoY, reflecting weak demand for new trucks — the primary driver of the negative market reaction. PACCAR NASDAQ: PCAR Misses Q1 CY2026 Revenue Estimates
• Negative Sentiment: Independent coverage highlights "tepid demand" for new trucks and persistent industry overcapacity, risks that could pressure volumes and near-term revenue. PACCAR's revenue falls on tepid demand for new trucks
• Negative Sentiment: Market commentary points to the earnings/revenue mix (slight EPS beat but revenue shortfall and weaker outlook for truck demand) as the proximate cause for the share sell-off today. Why PACCAR (PCAR) shares are plunging today

About PACCAR

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.

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