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

Posted by Tristan Rich on Jul 21st, 2026

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 Price Performance

Magna International stock traded up $1.64 during trading hours on Tuesday, hitting $67.70. The stock had a trading volume of 158,933 shares, compared to its average volume of 1,642,384. Magna International Inc. has a 1-year low of $40.51 and a 1-year high of $69.94. The stock has a market capitalization of $18.10 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 0.90 and a beta of 1.44. The stock’s fifty day moving average is $64.74 and its two-hundred day moving average is $60.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.22 and a quick ratio of 0.88.

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last released its quarterly earnings data on Friday, May 1st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.01 by $0.37. Magna International had a net margin of 1.60% and a return on equity of 14.01%. The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the firm earned $0.78 EPS. The business’s revenue for the quarter 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, analysts predict that Magna International Inc. will post 6.86 earnings per share for the current fiscal year.

Magna International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.495 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.98 annualized dividend and a yield of 2.9%. Magna International’s dividend payout ratio is 82.85%.

Institutional Investors Weigh In On Magna International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hudson Value Partners LLC purchased a new position in Magna International during the second quarter worth about $609,000. EverSource Wealth Advisors LLC grew its holdings in Magna International by 115.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,675 shares of the company’s stock valued at $93,000 after buying an additional 896 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Magna International by 43.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 199,358 shares of the company’s stock valued at $11,095,000 after acquiring an additional 60,432 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new position in shares of Magna International during the 1st quarter valued at about $45,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Magna International by 9.1% during the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $184,000 after acquiring an additional 275 shares during the period. Hedge funds and other institutional investors own 67.49% of the company’s stock.

Wall Street Analyst Weigh In

MGA has been the subject of a number of recent research reports. Royal Bank Of Canada raised their price objective on shares of Magna International to $57.00 and gave the stock a “sector perform” rating in a research note on Monday, July 13th. Barclays lowered their target price on Magna International from $67.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. Veritas raised Magna International to a “strong-buy” rating in a report on Monday, May 4th. Canadian Imperial Bank of Commerce reduced their price objective on Magna International to $74.00 in a research report on Monday, May 4th. Finally, TD increased their price objective on Magna International from $75.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.73.

View Our Latest Research Report on MGA

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.

About Magna International

(Get Free Report)

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.