Latest news with #Russell2500TMValueIndex
Yahoo
02-04-2025
- Business
- Yahoo
Should You Consider Adding Huntington Ingalls Industries (HII)?
River Road Asset Management, an investment management company released its 'River Road Small-Mid Cap Value Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 3.67% compared to -0.26% returns for the Russell 2500TM Value Index. For the year 2024, the fund returned 12.46% compared to the Index return of 10.98%. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Small-Mid Cap Value Fund emphasized stocks such as Huntington Ingalls Industries, Inc. (NYSE:HII). Huntington Ingalls Industries, Inc. (NYSE:HII) is a US-based company that designs, builds, overhauls, and repairs military ships. The one-month return Huntington Ingalls Industries, Inc. (NYSE:HII) was 3.51%, and its shares lost 30.03% of their value over the last 52 weeks. On April 1, 2025, Huntington Ingalls Industries, Inc. (NYSE:HII) stock closed at $202.20 per share with a market capitalization of $7.858 billion. River Road Small-Mid Cap Value Fund stated the following regarding Huntington Ingalls Industries, Inc. (NYSE:HII) in its Q4 2024 investor letter: "The largest new position added during the quarter was Huntington Ingalls Industries, Inc. (NYSE:HII). Huntington Ingalls Industries is America's largest military shipbuilder with two main shipyards including Ingalls and Newport News. HII develops and constructs nuclear submarines and aircraft carriers at its Newport News yard, while constructing surface combatants and amphibious assault ships at its Ingalls yard. Additionally, HII provides professional services including next generation IT consulting to government agencies and maintenance services (e.g. refueling) to military ships. HII spun off from Northrop Grumman (NOC) in 2011, however, the shipyards have been operating for more than 80 years. HII is based in Newport News, VA. Christopher Kastner (61) has been president and CEO since 2022 after serving as chief financial officer since 2016. A towering military warship off the shore, its hull representing the companies commitment to the defense sector. Huntington Ingalls Industries, Inc. (NYSE:HII) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Huntington Ingalls Industries, Inc. (NYSE:HII) at the end of the fourth quarter which was 20 in the previous quarter. Huntington Ingalls Industries, Inc.'s (NYSE:HII) fourth quarter revenue decreased around 5% year-over-year to $3 billion. While we acknowledge the potential of Huntington Ingalls Industries, Inc. (NYSE:HII) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Huntington Ingalls Industries, Inc. (NYSE:HII) in another article, where we shared Diamond Hill Select Strategy's views on the company. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
AMG River Road Small-Mid Cap Value Fund's Views on BJ's Wholesale Club Holdings (BJ)
River Road Asset Management, an investment management company released its 'River Road Small-Mid Cap Value Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 3.67% compared to -0.26% returns for the Russell 2500TM Value Index. For the year 2024, the fund returned 12.46% compared to the Index return of 10.98%. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Small-Mid Cap Value Fund emphasized stocks such as BJ's Wholesale Club Holdings, Inc. (NYSE:BJ). BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) operates warehouse clubs that provide groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The one-month return BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) was 14.90%, and its shares gained 54.65% of their value over the last 52 weeks. On April 1, 2025, BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) stock closed at $114.88 per share with a market capitalization of $15.134 billion. River Road Small-Mid Cap Value Fund stated the following regarding BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) in its Q4 2024 investor letter: "Another bottom contributor during the quarter was BJ's Wholesale Club Holdings, Inc. (NYSE:BJ), a warehouse club operator with 244 clubs and 175 gas stations across 20 states on the United States East Coast. BJ reported Q2 results that exceeded expectations, but guided to marginally lower merchandise margin for the full year as the company continues to invest in a better value proposition for its members. Comparable-store sales (excluding fuel) increased 2.4% driven by 4% traffic growth and positive same-store sales across all categories. Gasoline sales, a key traffic driver for BJ, outperformed the broader United States market, with same-store gallons growing by 5%, in contrast to a low single-digit decline industry-wide. Groceries and perishables sales were up 3%, also indicating market share gains over traditional grocers. General merchandise sales were up 1% year-over-year as management has renewed focus on better assortment and better value. BJ is also increasing investments by improving perishables assortments like meat and produce. The investments in general merchandise will lead to a flat year-over-year merchandise margin in 2024 compared to 20 bps improvement expected at the beginning of the year. These investments should drive traffic as well as incremental membership fee growth, the most important metric for the warehouse club model. To that end, membership fee income rose 9.1% in the quarter. Additionally, higher tier membership penetration increased to 39%, up 1% sequentially, with double-digit growth in the One+ tier ($110 annual fee, holding a co-branded Capital One card), the highest tier membership, which has the greatest lifetime value. BJ is on track to open 11 more clubs by the end of 2024 and an additional 10-12 new clubs in 2025. We took no action on the position." A customer happily filling up their tank at the Wholesale Club's gasoline station. BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) at the end of the fourth quarter compared to 28 in the third quarter. While we acknowledge the potential of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) in another article, where we shared the list of best department store stocks to invest in. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Should You Maintain Your Position in White Mountains Insurance Group Ltd. (WTM)?
River Road Asset Management, an investment management company released its 'River Road Small-Mid Cap Value Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 3.67% compared to -0.26% returns for the Russell 2500TM Value Index. For the year 2024, the fund returned 12.46% compared to the Index return of 10.98%. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Small-Mid Cap Value Fund emphasized stocks such as White Mountains Insurance Group, Ltd. (NYSE:WTM). Headquartered in Hamilton, Bermuda, White Mountains Insurance Group, Ltd. (NYSE:WTM) is an insurance and other financial services provider. On April 1, 2025, White Mountains Insurance Group, Ltd. (NYSE:WTM) stock closed at $1,901.99 per share. One-month return of White Mountains Insurance Group, Ltd. (NYSE:WTM) was 2.57%, and its shares gained 8.91% of their value over the last 52 weeks. White Mountains Insurance Group, Ltd. (NYSE:WTM) has a market capitalization of $4.875 billion. River Road Small-Mid Cap Value Fund stated the following regarding White Mountains Insurance Group, Ltd. (NYSE:WTM) in its Q4 2024 investor letter: "Another poor performer was White Mountains Insurance Group, Ltd. (NYSE:WTM), a financial services holding company consisting of a municipal bond reinsurer, various insurance and insurance service operations, asset managers, and a significant portfolio of fixed income and alternative investments. This low-beta stock was relatively weak in Q3, giving up part of what had been 20%-plus appreciation year-to-date through the end of June. WTM's Q2 results released in August revealed positive results from each of its operating businesses, including ARK Insurance, HG Global, and Kudu. Adjusted book value declined -1% quarter-over-quarter due to a -35% price decline for WTM equity holding MediaAlpha (MAX, ~25% owned by WTM). Some of the book value lost in Q2 was recovered with a 38% gain for MAX in Q3. We maintained the position during the quarter." A view of the skyline with a corporate high-rise building, symbolizing the power of the company's financial services. White Mountains Insurance Group, Ltd. (NYSE:WTM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held White Mountains Insurance Group, Ltd. (NYSE:WTM) at the end of the fourth quarter compared to 18 in the third quarter. While we acknowledge the potential of White Mountains Insurance Group, Ltd. (NYSE:WTM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered White Mountains Insurance Group, Ltd. (NYSE:WTM) in another article, where we shared The London Company Small Cap Strategy's views on the company. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Atkore (ATKR) Declined on Worse-Than-Expected Results and Lowered Guidance
River Road Asset Management, an investment management company released its 'River Road Small-Mid Cap Value Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 3.67% compared to -0.26% returns for the Russell 2500TM Value Index. For the year 2024, the fund returned 12.46% compared to the Index return of 10.98%. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Small-Mid Cap Value Fund emphasized stocks such as Atkore Inc. (NYSE:ATKR). Atkore Inc. (NYSE:ATKR) manufactures and distributes electrical, mechanical, safety, and infrastructure products and solutions. The one-month return of Atkore Inc. (NYSE:ATKR) was -5.28%, and its shares lost 68.55% of their value over the last 52 week. On April 1, 2025, Atkore Inc. (NYSE:ATKR) stock closed at $60.02 per share with a market capitalization of $2.065 billion. River Road Small-Mid Cap Value Fund stated the following regarding Atkore Inc. (NYSE:ATKR) in its Q4 2024 investor letter: "The holding with the lowest contribution to active return in the portfolio during Q3 was Atkore Inc. (NYSE:ATKR), a branded manufacturer of products that protect and frame electric circuitry (including PVC conduit). ATKR delivered worse-than-expected Q3 2024 results and lowered 2024 EBITDA guidance by -11% due to higher amounts of imported steel conduit entering the market and a slower summer construction season. Steel conduit imports from Mexico have risen sharply over the past year in violation of existing trade agreements. ATKR has lost market share and has cut pricing in steel conduit, which is roughly 20% of total ATKR revenues. A Donald Trump administration is likely needed for effective trade enforcement. Weakness in residential, construction, and utility end markets led to lower-than-expected volumes and pricing. We believe ATKR's balance sheet remains in great shape with net leverage of only 0.6x and year-to-date free cash flow generation of $245MM has largely been used to fund $281MM of year-to-date share repurchases. We took no action on the position during the quarter." A technician on a ladder inspecting the electrical components of an industrial building. Atkore Inc. (NYSE:ATKR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Atkore Inc. (NYSE:ATKR) at the end of the fourth quarter compared to 36 in the third quarter. In the fiscal first quarter of 2025, Atkore Inc. (NYSE:ATKR) reported net sales of $662 million and adjusted EBITDA of $99 million. While we acknowledge the potential of Atkore Inc. (NYSE:ATKR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Atkore Inc. (NYSE:ATKR) in another article, where we shared Riverwater Partners Sustainable Value Strategy's views on the company. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-04-2025
- Business
- Yahoo
AMG River Road Small-Mid Cap Value Fund Trimmed Vistra Corp. (VST) on Appreciation
River Road Asset Management, an investment management company released its 'River Road Small-Mid Cap Value Fund' Q4 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, AMG River Road Small Cap Value Fund (Class N) returned 3.67% compared to -0.26% returns for the Russell 2500TM Value Index. For the year 2024, the fund returned 12.46% compared to the Index return of 10.98%. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, River Road Small-Mid Cap Value Fund emphasized stocks such as Vistra Corp. (NYSE:VST). Vistra Corp. (NYSE:VST) is an integrated retail electricity and power generation company. The one-month return of Vistra Corp. (NYSE:VST) was -3.65%, and its shares gained 65.73% of their value over the last 52 weeks. On April 1, 2025, Vistra Corp. (NYSE:VST) stock closed at $122.24 per share with a market capitalization of $41.581 billion. River Road Small-Mid Cap Value Fund stated the following regarding Vistra Corp. (NYSE:VST) in its Q4 2024 investor letter: "Another positive contributor was Vistra Corp. (NYSE:VST), an independent producer and retailer of electricity, and the second-largest owner of nuclear power assets in the United States. Like Talen (see writeup above), Vistra benefited from the record auction clearing price this past July at PJM. In August, VST released 2026 EBITDA guidance of at least $6B, which is 50% higher than 2023 results. Near the end of the quarter, nuclear peer Constellation Energy announced a power purchase agreement (PPA) with Microsoft® at its decommissioned Three Mile Island nuclear plant. The news sparked a rally in nuclear power plant owners as the indicated market price for the PPA was above $100/MWh and further confirms the strength of demand for reliable and clean baseload generation. VST's entire nuclear fleet is fully operational and encompasses six GW across Texas and Ohio. The market anticipates a similar deal could be around the corner as the stock's multiple continued to expand. We trimmed the position as the stock approached our assessed value." Solar panel workers installing a new farm for clean energy generation. Vistra Corp. (NYSE:VST) is in 28th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 120 hedge fund portfolios held Vistra Corp. (NYSE:VST) at the end of the fourth quarter which was 97 in the previous quarter. While we acknowledge the potential of Vistra Corp. (NYSE:VST) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Vistra Corp. (NYSE:VST) in another article, where we shared the list of best US stocks to buy for foreign investors. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
