Gamco Investors INC. ET AL Has $16.59 Million Position in Corning Incorporated $GLW

Gamco Investors INC. ET AL cut its position in shares of Corning Incorporated (NYSE:GLW) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,217 shares of the electronics maker’s stock after selling 18,938 shares during the period. Gamco Investors INC. ET AL’s holdings in Corning were worth $16,588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Strengthening Families & Communities LLC bought a new position in Corning during the third quarter worth about $27,000. Cornerstone Planning Group LLC raised its stake in Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after buying an additional 124 shares during the period. Financial Management Professionals Inc. lifted its position in shares of Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. RMG Wealth Management LLC boosted its stake in shares of Corning by 125.0% during the 3rd quarter. RMG Wealth Management LLC now owns 450 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 250 shares during the period. Finally, Bayforest Capital Ltd bought a new position in shares of Corning during the 3rd quarter worth approximately $39,000. 69.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GLW shares. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Susquehanna lifted their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Barclays set a $100.00 price objective on shares of Corning in a report on Thursday, January 29th. HSBC reissued a “buy” rating and issued a $135.00 price objective on shares of Corning in a research report on Friday, February 13th. Finally, Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.42.

Corning Stock Down 8.6%

GLW stock opened at $123.21 on Friday. 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 stock has a market capitalization of $105.71 billion, a price-to-earnings ratio of 66.96, a PEG ratio of 2.13 and a beta of 1.05. The business’s fifty day moving average price is $113.50 and its two-hundred day moving average price is $93.00. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10.

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

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. Corning’s payout ratio is currently 60.87%.

Insider Transactions at Corning

In other news, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the sale, the insider directly owned 4,926 shares in the company, valued at approximately $641,611.50. The trade was a 75.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Z. Zhang sold 1,531 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 233,201 shares of company stock worth $32,614,558. Company insiders own 0.40% of the company’s stock.

Corning Company Profile

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.