Rep. Dan Newhouse Sells Shares of Magna International Inc. (NYSE:MGA)

Representative Dan Newhouse (Republican-Washington) recently sold shares of Magna International Inc. (NYSE:MGA). In a filing disclosed on July 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Magna International stock on July 10th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Deere & Company (NYSE:DE) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 7/10/2026.

Magna International Stock Performance

MGA stock opened at $66.06 on Tuesday. Magna International Inc. has a 1-year low of $40.51 and a 1-year high of $69.94. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38. The firm has a market cap of $17.67 billion, a PE ratio of 27.64, a P/E/G ratio of 0.90 and a beta of 1.44. The business’s 50-day moving average price is $64.74 and its two-hundred day moving average price is $60.26.

Magna International (NYSE:MGA) (TSE:MG) last released its quarterly earnings results on Friday, May 1st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.37. Magna International had a return on equity of 14.01% and a net margin of 1.60%.The company had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Magna International’s revenue was up 3.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. As a group, research analysts forecast that Magna International Inc. will post 6.86 earnings per share for the current year.

Magna International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. Magna International’s dividend payout ratio (DPR) is presently 82.85%.

Analysts Set New Price Targets

MGA has been the topic of a number of research analyst reports. Scotiabank lifted their price target on shares of Magna International from $72.00 to $74.00 and gave the company a “sector outperform” rating in a report on Monday. Wells Fargo & Company reduced their target price on Magna International from $69.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. UBS Group upped their price target on Magna International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. reduced their price objective on Magna International from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada boosted their price target on Magna International to $57.00 and gave the stock a “sector perform” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Magna International currently has a consensus rating of “Hold” and an average price target of $65.73.

Institutional Investors Weigh In On Magna International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Magna International by 35.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock valued at $42,000 after purchasing an additional 205 shares during the period. 1620 Investment Advisors Inc. lifted its stake in shares of Magna International by 2.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 8,232 shares of the company’s stock worth $439,000 after buying an additional 215 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Magna International by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 9,114 shares of the company’s stock valued at $486,000 after purchasing an additional 235 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Magna International by 1.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,241 shares of the company’s stock worth $675,000 after purchasing an additional 246 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Magna International by 9.1% during the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $184,000 after purchasing an additional 275 shares in the last quarter. 67.49% of the stock is currently owned by institutional investors.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

Magna International Company Profile

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.