River Highway Asset Administration, an funding administration firm launched its “River Highway Small-Mid Cap Worth Fund” This fall 2024 investor letter. A replica of the letter may be downloaded right here. Within the fourth quarter, AMG River Highway Small Cap Worth Fund (Class N) returned 3.67% in comparison with -0.26% returns for the Russell 2500TM Worth Index. For the 12 months 2024, the fund returned 12.46% in comparison with the Index return of 10.98%. For extra info on the fund’s greatest picks in 2024, please examine its high 5 holdings.
In its fourth quarter 2024 investor letter, River Highway Small-Mid Cap Worth Fund emphasised shares equivalent to Huntington Ingalls Industries, Inc. (NYSE:HII). Huntington Ingalls Industries, Inc. (NYSE:HII) is a US-based firm that designs, builds, overhauls, and repairs army ships. The one-month return Huntington Ingalls Industries, Inc. (NYSE:HII) was 3.51%, and its shares misplaced 30.03% of their worth during the last 52 weeks. On April 1, 2025, Huntington Ingalls Industries, Inc. (NYSE:HII) inventory closed at $202.20 per share with a market capitalization of $7.858 billion.
River Highway Small-Mid Cap Worth Fund said the next concerning Huntington Ingalls Industries, Inc. (NYSE:HII) in its This fall 2024 investor letter:
“The biggest new place added through the quarter was Huntington Ingalls Industries, Inc. (NYSE:HII). Huntington Ingalls Industries is America’s largest army shipbuilder with two foremost shipyards together with Ingalls and Newport Information. HII develops and constructs nuclear submarines and plane carriers at its Newport Information yard, whereas establishing floor combatants and amphibious assault ships at its Ingalls yard. Moreover, HII offers skilled companies together with subsequent era IT consulting to authorities companies and upkeep companies (e.g. refueling) to army ships. HII spun off from Northrop Grumman (NOC) in 2011, nevertheless, the shipyards have been working for greater than 80 years. HII relies in Newport Information, VA. Christopher Kastner (61) has been president and CEO since 2022 after serving as chief monetary officer since 2016.
