Representative Dan Newhouse (R-Washington) recently sold shares of Magna International Inc. (NYSE:MGA). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Magna International stock on December 11th. 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 Royal Caribbean Cruises (NYSE:RCL) on 12/31/2025.
- Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 12/31/2025.
- Purchased $1,001 – $15,000 in shares of Synopsys (NASDAQ:SNPS) on 12/31/2025.
- Sold $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 12/11/2025.
- Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 12/11/2025.
- Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/11/2025.
- Purchased $1,001 – $15,000 in shares of T-Mobile US (NASDAQ:TMUS) on 12/11/2025.
- Purchased $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 12/11/2025.
- Purchased $1,001 – $15,000 in shares of Textron (NYSE:TXT) on 12/11/2025.
- Sold $1,001 – $15,000 in shares of Truist Financial (NYSE:TFC) on 12/11/2025.
Magna International Stock Performance
Shares of MGA stock opened at $54.80 on Monday. The firm has a market capitalization of $15.36 billion, a price-to-earnings ratio of 14.97 and a beta of 1.50. The stock has a fifty day moving average of $51.92 and a 200 day moving average of $47.36. Magna International Inc. has a 52 week low of $30.39 and a 52 week high of $57.55. The company has a quick ratio of 0.83, a current ratio of 1.18 and a debt-to-equity ratio of 0.38.
Magna International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, November 14th. Magna International’s dividend payout ratio (DPR) is currently 53.01%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on MGA shares. Wall Street Zen upgraded shares of Magna International from a “buy” rating to a “strong-buy” rating in a research note on Monday. UBS Group boosted their price target on Magna International from $49.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Evercore ISI raised their price objective on Magna International from $47.00 to $52.00 and gave the stock an “in-line” rating in a research note on Monday, November 24th. JPMorgan Chase & Co. boosted their price objective on Magna International from $53.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Finally, Scotiabank raised their target price on shares of Magna International from $47.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Magna International has a consensus rating of “Hold” and a consensus target price of $52.07.
Check Out Our Latest Research Report on MGA
Institutional Trading of Magna International
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ARGA Investment Management LP increased its stake in Magna International by 33.2% during the 3rd quarter. ARGA Investment Management LP now owns 4,148,133 shares of the company’s stock valued at $196,557,000 after purchasing an additional 1,033,747 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Magna International in the 3rd quarter worth $33,593,000. Geode Capital Management LLC lifted its position in Magna International by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,015,407 shares of the company’s stock worth $77,332,000 after acquiring an additional 338,470 shares during the period. AGF Management Ltd. purchased a new stake in Magna International during the 3rd quarter valued at about $14,191,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of Magna International in the third quarter valued at about $8,606,000. 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.
About Magna International
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.
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