Corning Incorporated (NYSE:GLW) Receives $114.25 Consensus PT from Analysts

Shares of Corning Incorporated (NYSE:GLW) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $114.25.

A number of equities analysts recently weighed in on GLW shares. HSBC reiterated a “buy” rating and issued a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. UBS Group restated a “buy” rating and set a $125.00 price target on shares of Corning in a report on Friday, January 30th. Morgan Stanley raised their price objective on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Finally, Zacks Research downgraded Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st.

Insider Transactions at Corning

In other news, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the transaction, the executive vice president owned 3,461 shares in the company, valued at approximately $450,691.42. This trade represents a 81.62% 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, COO Avery H. Nelson III sold 6,262 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $129.79, for a total value of $812,744.98. Following the transaction, the chief operating officer directly owned 61,371 shares in the company, valued at approximately $7,965,342.09. This represents a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,687 shares of company stock valued at $11,249,008 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Corning

Large investors have recently bought and sold shares of the stock. Beese Fulmer Investment Management Inc. lifted its position in shares of Corning by 2.5% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 3,836 shares of the electronics maker’s stock worth $336,000 after acquiring an additional 92 shares during the period. 3Chopt Investment Partners LLC grew its stake in shares of Corning by 1.0% in the 4th quarter. 3Chopt Investment Partners LLC now owns 10,248 shares of the electronics maker’s stock valued at $897,000 after purchasing an additional 97 shares during the period. Patten & Patten Inc. TN raised its holdings in shares of Corning by 0.6% in the 4th quarter. Patten & Patten Inc. TN now owns 17,796 shares of the electronics maker’s stock worth $1,558,000 after buying an additional 100 shares in the last quarter. Vermillion Wealth Management Inc. boosted its stake in shares of Corning by 32.8% in the 4th quarter. Vermillion Wealth Management Inc. now owns 405 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its holdings in shares of Corning by 0.5% in the 4th quarter. Joel Isaacson & Co. LLC now owns 20,518 shares of the electronics maker’s stock worth $1,797,000 after purchasing an additional 102 shares during the last quarter. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Corning Stock Up 1.3%

GLW stock opened at $132.25 on Monday. The firm has a market cap of $113.46 billion, a PE ratio of 71.88, a P/E/G ratio of 2.26 and a beta of 1.13. Corning has a 12 month low of $37.31 and a 12 month high of $136.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $100.12 and a 200 day simple moving average of $86.32.

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

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

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.