PACCAR Inc (PCAR) To Go Ex-Dividend on August 15th

PACCAR Inc (NASDAQ:PCAR) declared a quarterly dividend on Tuesday, July 9th, Zacks reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.30 per share on Thursday, September 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, August 15th.

PACCAR has raised its dividend by an average of 6.8% annually over the last three years. PACCAR has a payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PACCAR to earn $8.49 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 14.1%.

PACCAR Stock Down 0.7 %

Shares of NASDAQ:PCAR opened at $92.17 on Tuesday. The firm has a market cap of $48.32 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92. The company has a fifty day simple moving average of $102.52 and a 200 day simple moving average of $108.54. The company has a current ratio of 2.78, a quick ratio of 2.54 and a debt-to-equity ratio of 0.52. PACCAR has a 12-month low of $80.94 and a 12-month high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, July 23rd. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.01). PACCAR had a net margin of 14.07% and a return on equity of 29.87%. The company had revenue of $8.26 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same quarter last year, the company posted $2.33 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that PACCAR will post 8.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group increased their target price on PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PACCAR from $121.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Truist Financial dropped their target price on shares of PACCAR from $115.00 to $107.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. StockNews.com upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, Raymond James assumed coverage on shares of PACCAR in a research report on Friday, June 28th. They set a “market perform” rating for the company. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $112.91.

Insider Buying and Selling at PACCAR

In other PACCAR news, CEO R Preston Feight sold 27,834 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $98.70, for a total value of $2,747,215.80. Following the sale, the chief executive officer now owns 162,782 shares in the company, valued at $16,066,583.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.02% of the stock is currently owned by company insiders.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.