Reaves W H & Co. Inc. Buys New Shares in Corning Incorporated $GLW

Reaves W H & Co. Inc. purchased a new position in Corning Incorporated (NYSE:GLW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 504,522 shares of the electronics maker’s stock, valued at approximately $41,386,000.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new position in Corning in the 1st quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Corning during the 2nd quarter worth about $401,000. Finally, Callan Family Office LLC lifted its stake in Corning by 71.7% during the second quarter. Callan Family Office LLC now owns 25,970 shares of the electronics maker’s stock valued at $1,366,000 after buying an additional 10,847 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $125.00 target price on shares of Corning in a research report on Friday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Citigroup raised their target price on Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings lowered Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.36.

Corning Stock Performance

Shares of NYSE GLW opened at $131.36 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. Corning Incorporated has a one year low of $37.31 and a one year high of $132.32. The business’s 50-day moving average price is $93.92 and its two-hundred day moving average price is $82.97. The company has a market capitalization of $112.62 billion, a P/E ratio of 71.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13.

Corning (NYSE:GLW) last announced 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. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the company earned $0.57 EPS. The firm’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. Analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Insider Transactions at Corning

In other news, SVP Li Fang sold 9,797 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eric S. Musser sold 25,000 shares of Corning stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the insider directly owned 19,926 shares of the company’s stock, 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. Insiders have sold a total of 70,945 shares of company stock worth $8,026,736 in the last 90 days. 0.32% of the stock is owned by insiders.

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.