Corning Incorporated $GLW Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC decreased its holdings in Corning Incorporated (NYSE:GLW) by 31.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,175 shares of the electronics maker’s stock after selling 12,809 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Corning were worth $2,311,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GLW. Hartline Investment Corp lifted its stake in shares of Corning by 113.2% in the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker’s stock valued at $24,229,000 after purchasing an additional 156,843 shares during the period. Vanguard Group Inc. increased its holdings in Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after buying an additional 1,582,895 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Corning by 638.0% in the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker’s stock worth $28,736,000 after acquiring an additional 472,365 shares during the period. Motley Fool Asset Management LLC boosted its stake in shares of Corning by 10.5% during the 2nd quarter. Motley Fool Asset Management LLC now owns 44,037 shares of the electronics maker’s stock worth $2,316,000 after acquiring an additional 4,183 shares in the last quarter. Finally, Jefferies Financial Group Inc. grew its position in shares of Corning by 33.2% during the 2nd quarter. Jefferies Financial Group Inc. now owns 180,606 shares of the electronics maker’s stock valued at $9,498,000 after acquiring an additional 44,994 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Trading Up 8.4%

Shares of GLW stock opened at $122.31 on Friday. The stock’s fifty day moving average is $92.96 and its two-hundred day moving average is $82.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The firm has a market capitalization of $104.86 billion, a P/E ratio of 66.47, a PEG ratio of 1.95 and a beta of 1.13. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $122.56.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Corning

In related news, SVP Li Fang sold 9,797 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric S. Musser sold 25,000 shares of Corning stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. Following the transaction, the insider owned 19,926 shares in the company, valued at approximately $2,191,860. The trade was a 55.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 55,945 shares of company stock worth $6,072,986. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GLW. Susquehanna upped their price target on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Argus upped their target price on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Mizuho lifted their price target on shares of Corning from $97.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Morgan Stanley boosted their price target on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and an average target price of $112.36.

About Corning

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.