Corning Incorporated $GLW Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC cut its position in shares of Corning Incorporated (NYSE:GLW) by 31.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,175 shares of the electronics maker’s stock after selling 12,809 shares during the period. Ironwood Investment Counsel LLC’s holdings in Corning were worth $2,311,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. State of Michigan Retirement System increased its holdings in shares of Corning by 0.5% during the 3rd quarter. State of Michigan Retirement System now owns 256,159 shares of the electronics maker’s stock worth $21,013,000 after buying an additional 1,200 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in Corning by 26.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 9,662 shares of the electronics maker’s stock worth $793,000 after acquiring an additional 2,018 shares during the period. Willis Investment Counsel acquired a new stake in Corning during the third quarter worth $226,000. Capital Investment Advisory Services LLC purchased a new stake in Corning in the third quarter valued at $263,000. Finally, MONECO Advisors LLC acquired a new position in shares of Corning in the 3rd quarter valued at $338,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

GLW has been the subject of a number of recent analyst reports. Barclays set a $100.00 price objective on Corning in a research report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. UBS Group reaffirmed a “buy” rating and set a $125.00 price objective on shares of Corning in a research report on Friday, January 30th. Finally, Citigroup lifted their target price on shares of Corning from $102.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $112.36.

Insider Buying and Selling

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares of the company’s stock, valued at approximately $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 55,945 shares of company stock valued at $6,072,986 in the last three months. 0.40% of the stock is owned by corporate insiders.

Corning Trading Up 8.4%

Shares of GLW stock opened at $122.31 on Friday. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $122.56. The company has a 50 day moving average price of $92.96 and a 200 day moving average price of $82.06. The stock has a market capitalization of $104.86 billion, a P/E ratio of 66.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59.

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

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.