Security National Bank Has $1.35 Million Stock Position in Corning Incorporated $GLW

Security National Bank raised its holdings in Corning Incorporated (NYSE:GLW) by 770.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,467 shares of the electronics maker’s stock after purchasing an additional 14,576 shares during the quarter. Security National Bank’s holdings in Corning were worth $1,351,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Moody Lynn & Lieberson LLC grew its position in Corning by 12.9% in the third quarter. Moody Lynn & Lieberson LLC now owns 5,253 shares of the electronics maker’s stock valued at $431,000 after acquiring an additional 600 shares during the last quarter. Marietta Wealth Management LLC acquired a new stake in shares of Corning in the 3rd quarter valued at approximately $4,852,000. Armstrong Fleming & Moore Inc acquired a new stake in shares of Corning in the 3rd quarter valued at approximately $201,000. Forefront Wealth Partners LLC bought a new stake in shares of Corning during the 3rd quarter valued at approximately $248,000. Finally, Ascent Group LLC acquired a new position in Corning during the 3rd quarter worth approximately $288,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on GLW. UBS Group restated a “buy” rating and issued a $109.00 target price (up previously from $100.00) on shares of Corning in a research report on Friday, November 21st. Wall Street Zen lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Mizuho set a $97.00 target price on Corning in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective on Corning from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Oppenheimer set a $100.00 target price on shares of Corning and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.09.

Insiders Place Their Bets

In other news, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the transaction, the senior vice president directly owned 5,049 shares of the company’s stock, valued at $460,872.72. The trade was a 70.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Edward A. Schlesinger sold 20,893 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $91.25, for a total value of $1,906,486.25. Following the sale, the chief financial officer directly owned 66,959 shares of the company’s stock, valued at $6,110,008.75. This represents a 23.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 156,135 shares of company stock valued at $14,088,769. Insiders own 0.32% of the company’s stock.

Corning Price Performance

Shares of GLW opened at $88.82 on Wednesday. The business has a 50-day moving average of $86.43 and a 200-day moving average of $73.70. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $96.64. The company has a market capitalization of $76.15 billion, a price-to-earnings ratio of 56.21, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the business 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. As a group, equities research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

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

Corning 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.