Radnor Capital Management LLC Has $4.39 Million Holdings in Corning Incorporated $GLW

Radnor Capital Management LLC lifted its stake in shares of Corning Incorporated (NYSE:GLW) by 8.6% in the 4th quarter, Holdings Channel reports. The fund owned 50,153 shares of the electronics maker’s stock after acquiring an additional 3,976 shares during the quarter. Corning accounts for approximately 0.7% of Radnor Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Radnor Capital Management LLC’s holdings in Corning were worth $4,391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning in the 3rd quarter worth $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of Corning in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC raised its stake in shares of Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 124 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Corning in the third quarter valued at about $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Corning in the fourth quarter valued at about $35,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Oppenheimer increased their price objective on Corning from $120.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Wolfe Research set a $130.00 price target on Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. HSBC reaffirmed a “buy” rating and set a $135.00 price target on shares of Corning in a research note on Friday, February 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a report on Friday. Finally, Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.92.

Corning Stock Performance

Shares of NYSE GLW opened at $178.74 on Tuesday. The stock has a 50 day moving average price of $157.10 and a 200 day moving average price of $120.55. Corning Incorporated has a 52 week low of $47.40 and a 52 week high of $211.79. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61. The stock has a market capitalization of $153.83 billion, a PE ratio of 85.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.14.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts predict that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s payout ratio is presently 53.59%.

Insider Activity

In other news, SVP Soumya Seetharam sold 20,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $206.23, for a total transaction of $4,124,600.00. Following the transaction, the senior vice president directly owned 25,570 shares in the company, valued at $5,273,301.10. The trade was a 43.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 170,774 shares of company stock valued at $28,148,435. 0.25% of the stock is owned by insiders.

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.