Corning Incorporated (NYSE:GLW) Receives Consensus Rating of “Moderate Buy” from Analysts

Corning Incorporated (NYSE:GLW) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $131.75.

Several research firms have recently issued reports on GLW. Wolfe Research set a $130.00 price objective on shares of Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Barclays set a $100.00 target price on Corning in a report on Thursday, January 29th. UBS Group raised their price target on Corning from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, HSBC reaffirmed a “buy” rating and set a $135.00 price objective on shares of Corning in a research report on Friday, February 13th.

Corning Stock Down 1.6%

Shares of NYSE:GLW opened at $129.91 on Friday. The firm’s 50 day moving average price is $119.42 and its 200 day moving average price is $96.37. The stock has a market cap of $111.46 billion, a price-to-earnings ratio of 70.60, a price-to-earnings-growth ratio of 2.08 and a beta of 1.05. Corning has a fifty-two week low of $37.31 and a fifty-two week high of $162.10. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping 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 in the previous year, the business posted $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. As a group, equities research analysts predict that Corning will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

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

Insider Buying and Selling

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the sale, the executive vice president owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the sale, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This represents a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 233,201 shares of company stock valued at $32,614,558 over the last three months. 0.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Corning

Large investors have recently bought and sold shares of the stock. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Corning during the third quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in shares of Corning in the 4th quarter valued at about $26,000. Basepoint Wealth LLC acquired a new stake in shares of Corning in the 4th quarter valued at about $26,000. Strengthening Families & Communities LLC acquired a new stake in shares of Corning in the 3rd quarter valued at about $27,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Corning during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

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.