Corning Incorporated $GLW Position Increased by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC raised its holdings in shares of Corning Incorporated (NYSE:GLW) by 1.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,693 shares of the electronics maker’s stock after buying an additional 869 shares during the period. Hunter Associates Investment Management LLC’s holdings in Corning were worth $4,197,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GLW. Amundi boosted its holdings in Corning by 64.3% during the first quarter. Amundi now owns 6,408,605 shares of the electronics maker’s stock worth $271,237,000 after buying an additional 2,507,797 shares in the last quarter. Nuveen LLC bought a new stake in Corning during the first quarter worth approximately $104,789,000. Kingstone Capital Partners Texas LLC bought a new stake in Corning during the second quarter worth approximately $92,560,000. Robeco Institutional Asset Management B.V. boosted its holdings in Corning by 185.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,801,411 shares of the electronics maker’s stock worth $94,736,000 after buying an additional 1,170,992 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Corning by 37.1% during the first quarter. Deutsche Bank AG now owns 3,835,799 shares of the electronics maker’s stock worth $175,603,000 after buying an additional 1,037,875 shares in the last quarter. 69.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on GLW. Barclays raised their target price on shares of Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday. Wolfe Research assumed coverage on shares of Corning in a research report on Tuesday, July 8th. They issued an “outperform” rating for the company. Citigroup upped their price target on shares of Corning from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Oppenheimer set a $100.00 price target on shares of Corning and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.82.

Corning Stock Down 1.3%

GLW stock opened at $89.07 on Monday. Corning Incorporated has a 12-month low of $37.31 and a 12-month high of $92.57. The company has a quick ratio of 0.93, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The company has a market cap of $76.30 billion, a price-to-earnings ratio of 56.37, a PEG ratio of 1.99 and a beta of 1.14. The company has a 50 day moving average of $79.77 and a two-hundred day moving average of $62.13.

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

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. Corning’s dividend payout ratio (DPR) is currently 70.89%.

Insider Buying and Selling at Corning

In other news, SVP Jaymin Amin sold 17,721 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the transaction, the senior vice president owned 88,722 shares in the company, valued at approximately $6,847,563.96. This trade represents a 16.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Wendell P. Weeks sold 82,103 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $65.19, for a total transaction of $5,352,294.57. Following the transaction, the chief executive officer owned 809,295 shares in the company, valued at $52,757,941.05. This represents a 9.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 211,924 shares of company stock worth $16,841,489 over the last quarter. Company insiders own 0.40% of the company’s stock.

Corning Company Profile

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.