TD Waterhouse Canada Reports $1.30 Million Stake in Shipbuilder Huntington Ingalls Industries

TDM Waterhouse Canada Inc. holds a position in Huntington Ingalls Industries (NYSE: HII) valued at approximately $1.30 million, according to a filing reported by MarketBeat.

Huntington Ingalls Industries is the largest military shipbuilder in the United States, designing, building, overhauling, and repairing vessels for the U.S. Navy and Coast Guard. The company operates through three segments: Ingalls, which handles surface-ship construction; Newport News, focused on nuclear-powered shipbuilding; and Mission Technologies, which provides defense technology and services. It is classified in the Aerospace & Defense industry within the Industrials sector.

As of the latest market data, HII shares traded at $287.67, unchanged from the previous close. The company carries a market capitalization of roughly $11.46 billion.

Institutional disclosures such as this one are routine snapshots of portfolio holdings and do not necessarily signal a change in a manager’s investment stance. Canadian wealth managers like TD Waterhouse often hold positions in U.S.-listed defense contractors as part of diversified client portfolios. Stake disclosures typically come from quarterly regulatory filings, which means the position may have been established or adjusted at an earlier date.

Investor attention on defense shipbuilders has remained elevated given the sustained pace of U.S. naval shipbuilding programs and the multi-year backlog structures typical of major prime contractors. Huntington Ingalls’ revenue is driven largely by long-cycle government contracts, which tend to provide visibility across budget cycles.

What to watch

• Huntington Ingalls’ next quarterly earnings report, including updates on program margins and contract backlog
• Additional 13F and 13G filings that may show changes in institutional holdings in HII
• U.S. defense budget appropriations affecting naval shipbuilding accounts
• Announcements of new contract awards across the Ingalls, Newport News, and Mission Technologies segments

Source: original release