10 Undervalued Wide Moat Stocks to Buy Now

8. Huntington Ingalls Industries, Inc. (NYSE:HII)

Number of Hedge funds holding: 36

Northwestern Mutual Wealth Management Co. increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) during the first quarter with the purchase of 1,296 shares. The firm now owns 3,785 shares of the company’s stock, valued at $772,000, as per the latest disclosure with the Securities and Exchange Commission (SEC).

As the U.S. pursues shipbuilding collaborations in Asia to enhance naval capacity, Huntington Ingalls Industries, Inc. (NYSE:HII) has appointed Eric Chewning as the executive vice president of maritime systems and corporate strategy. With solid experience in leading industrial base policy for the U.S. Department of Defense, Chewning is committed to securing national maritime supremacy by strengthening shipbuilding and fielding warfighting capabilities.

As stated by Chris Kastner, HII president and CEO,

“HII is firmly committed to increasing shipbuilding throughput for the U.S. Navy. We are doing that both by improving performance within our shipyards and expanding the industrial base.”

Huntington Ingalls Industries, Inc. (NYSE:HII) is a Virginia-based company that builds and repairs military ships. Incorporated in 1886, the company operates through three segments: Ingalls, Newport News, and Mission Technologies.