FMR LLC & Abigail Johnson Disclose 6.763% Stake in Huntington Ingalls

TL;DR

**FMR LLC just revealed a 6.763% stake in Huntington Ingalls, a bullish signal from a major player.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have disclosed a significant stake in Huntington Ingalls Industries, Inc. (HII), a ship and boat building company. As of December 31, 2023, FMR LLC beneficially owns 2,686,859 shares of HII's common stock, representing 6.763% of the company. This matters to investors because it signals a major institutional investor's confidence in HII, potentially indicating a positive outlook for the stock.

Why It Matters

This filing reveals a substantial investment by a prominent financial institution, FMR LLC, and its leader, Abigail P. Johnson, in Huntington Ingalls Industries, which can be seen as a vote of confidence in the company's future prospects.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, generally viewed as a positive sign for the company's stability and future outlook.

Analyst Insight

A smart investor would view this as a positive signal, potentially researching Huntington Ingalls Industries further to understand the underlying reasons for FMR LLC's significant investment and consider if it aligns with their own investment strategy.

Key Numbers

• 2,686,859 — Shares Beneficially Owned (Total shares of Huntington Ingalls Industries common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
• 6.763% — Percentage of Class (The percentage of Huntington Ingalls Industries' common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
• 446413106 — CUSIP Number (Unique identifier for Huntington Ingalls Industries' common stock.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Huntington Ingalls Industries, Inc. (company) — issuer of the common stock
• Abigail P. Johnson (person) — reporting person, likely associated with FMR LLC
• Newport News, VA (company) — location of Huntington Ingalls Industries' principal executive offices
• Boston, Massachusetts (company) — location of FMR LLC's principal business office

Forward-Looking Statements

• Other institutional investors may increase their positions in Huntington Ingalls Industries, Inc. following FMR LLC's disclosure. (Huntington Ingalls Industries, Inc.) — medium confidence, target: Within 6 months

FAQ

From the Filing

0000315066-24-001272.txt : 20240209 0000315066-24-001272.hdr.sgml : 20240209 20240209091608 ACCESSION NUMBER: 0000315066-24-001272 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HUNTINGTON INGALLS INDUSTRIES, INC. CENTRAL INDEX KEY: 0001501585 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 900607005 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-86174 FILM NUMBER: 24611806 BUSINESS ADDRESS: STREET 1: 4101 WASHINGTON AVENUE STREET 2: 909-7, 7J2 CITY: NEWPORT NEWS STATE: VA ZIP: 23607 BUSINESS PHONE: (757) 380-2000 MAIL ADDRESS: STREET 1: 4101 WASHINGTON AVENUE STREET 2: 909-7, 7J2 CITY: NEWPORT NEWS STATE: VA ZIP: 23607 FORMER COMPANY: FORMER CONFORMED NAME: Huntington Ingalls Industries, Inc. DATE OF NAME CHANGE: 20101124 FORMER COMPANY: FORMER CONFORMED NAME: New Ships, Inc. DATE OF NAME CHANGE: 20101006 FORMER COMPANY: FORMER CONFORMED NAME: NEW S HOLDCO, INC. DATE OF NAME CHANGE: 20100917 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 HUNTINGTON INGALLS INDUSTRIES INC COMMON STOCK Cusip #446413106 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #446413106 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 2,207,783 Item 6: 0 Item 7: 2,686,859 Item 8: 0 Item 9: 2,686,859 Item 11: 6.763% Item 12: HC Cusip #446413106 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 2,686,859 Item 8: 0 Item 9: 2,686,859 Item 11: 6.763% Item 12: IN Item 1(a). Name of Issuer: HUNTINGTON INGALLS INDUSTRIES INC Item 1(b). Address of Issuer's Principal Executive Offices: 4101 WASHINGTON AVENUE, 909-7, 7J2 NEWPORT NEWS, VA 23607 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 446413106 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 2,686,859 (b) Percent of Class: 6.763% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 2,686,859 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of HUNTINGTON INGALLS INDUSTRIES INC. No one other person's interest in the COMMON STOCK of HUNTINGTON INGALLS INDUSTRIES INC is more than five percent of the total outstanding COMMON STOCK. Item 7.