Corning Incorporated $GLW Shares Acquired by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. lifted its holdings in shares of Corning Incorporated (NYSE:GLW) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,317 shares of the electronics maker’s stock after buying an additional 600 shares during the period. Corning makes up approximately 1.1% of SS&H Financial Advisors Inc.’s holdings, making the stock its 24th largest position. SS&H Financial Advisors Inc.’s holdings in Corning were worth $3,277,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC raised its holdings in Corning by 191.5% during the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 339 shares in the last quarter. Investment Management Corp VA ADV raised its holdings in Corning by 165.9% during the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 463 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Corning by 90.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 353 shares in the last quarter. Banque Transatlantique SA purchased a new position in Corning during the first quarter worth about $34,000. Finally, Resources Management Corp CT ADV raised its holdings in Corning by 66.7% during the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 300 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Trading Down 1.3%

Shares of GLW opened at $89.07 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 0.93. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $92.57. The stock has a market cap of $76.30 billion, a price-to-earnings ratio of 56.37, a price-to-earnings-growth ratio of 1.99 and a beta of 1.14. The firm has a 50 day simple moving average of $79.77 and a 200-day simple moving average of $61.99.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.Corning’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Equities analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.3%. Corning’s payout ratio is presently 70.89%.

Analyst Ratings Changes

Several research analysts recently issued reports on GLW shares. Barclays increased their price target on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday. Argus increased their price target on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. Susquehanna increased their target price on shares of Corning from $75.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday. Oppenheimer set a $100.00 target price on shares of Corning and gave the company an “outperform” rating in a report on Wednesday. Finally, Wall Street Zen cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.82.

Insider Activity

In related news, SVP Jaymin Amin sold 17,721 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total value of $1,367,706.78. Following the completion of the transaction, the senior vice president owned 88,722 shares of the company’s stock, valued at approximately $6,847,563.96. The trade was a 16.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 100,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the completion of the transaction, the insider directly owned 44,926 shares of the company’s stock, valued at $4,050,977.42. The trade was a 69.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 211,924 shares of company stock worth $16,841,489. Company insiders own 0.40% of the company’s stock.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.