Empowered Funds LLC Increases Stake in Military Shipbuilder Huntington Ingalls

Institutional investor Empowered Funds LLC has adjusted its portfolio, raising its holdings in Huntington Ingalls Industries. The change reflects ongoing activity among shareholders of the major shipbuilding contractor.

Huntington Ingalls Industries designs, builds, and maintains non-nuclear surface ships for the U.S. Navy. The company’s operations are divided into three primary reporting segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Mission Technologies. The Newport News segment is the sole industrial provider of U.S. Navy aircraft carrier refueling and complex overhaul services.

Shares of Huntington Ingalls are currently trading at $327.71. The stock is up 0.53% on the day, moving from a previous close of $325.99. The company holds a market capitalization of approximately $12.88 billion and operates within the Industrials sector, specifically focusing on Aerospace & Defense.

Movements by institutional investors like Empowered Funds LLC are closely monitored as indicators of sentiment regarding the industrial and defense manufacturing base. Huntington Ingalls serves as a critical supplier for naval surface combatants and amphibious warships, making it a key component of the domestic shipbuilding industrial capacity.

What to watch

• Upcoming quarterly earnings report release date.
• Future announcements regarding contract modifications or new vessel awards.
• Updates on full-year financial guidance.

Source: original release