BlackRock Maintains Significant Stake in Huntington Ingalls
Ticker: HII · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1501585
| Field | Detail |
|---|---|
| Company | Huntington Ingalls Industries, INC. (HII) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, shipbuilding
TL;DR
**BlackRock still owns a big chunk of Huntington Ingalls, signaling long-term confidence.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating its ownership of Common Stock in Huntington Ingalls Industries Inc. as of December 31, 2023. This filing updates their previous disclosures, showing their continued significant, but passive, investment in the ship and boat building company. This matters to investors because BlackRock is a major institutional investor, and their sustained position suggests confidence in Huntington Ingalls' long-term prospects, potentially signaling stability for the stock.
Why It Matters
BlackRock's continued passive ownership in Huntington Ingalls Industries Inc. signals a vote of confidence from a major institutional investor, which can reassure current and potential shareholders about the company's stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
An investor should view this filing as a routine disclosure from a large institutional investor, confirming their continued, passive interest in Huntington Ingalls Industries Inc. It doesn't signal an immediate buy or sell, but rather a stable, long-term institutional presence.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Huntington Ingalls Industries Inc. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Huntington Ingalls Industries Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a major institutional investment manager.
What company's securities are the subject of this filing?
The subject company for this filing is Huntington Ingalls Industries Inc., identified by CIK 0001501585.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding HUNTINGTON INGALLS INDUSTRIES, INC. (HII).