Corning Incorporated $GLW Shares Bought by Courier Capital LLC

Courier Capital LLC boosted its position in shares of Corning Incorporated (NYSE:GLW) by 25.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,922 shares of the electronics maker’s stock after acquiring an additional 8,797 shares during the period. Corning accounts for about 1.3% of Courier Capital LLC’s investment portfolio, making the stock its 21st largest position. Courier Capital LLC’s holdings in Corning were worth $6,753,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GLW. Atwood & Palmer Inc. purchased a new stake in shares of Corning in the second quarter worth $26,000. Rogco LP purchased a new stake in Corning in the 2nd quarter worth $27,000. Toth Financial Advisory Corp increased its stake in Corning by 130.7% in the 3rd quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock worth $27,000 after buying an additional 98 shares in the last quarter. Cornerstone Financial Management LLC boosted its stake in shares of Corning by 63.3% in the second quarter. Cornerstone Financial Management LLC now owns 196 shares of the electronics maker’s stock worth $50,000 after acquiring an additional 76 shares during the period. Finally, First PREMIER Bank bought a new stake in Corning during the 2nd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Transactions at Corning

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the sale, the executive vice president owned 15,052 shares of the company’s stock, valued at $2,277,217.08. This trade represents a 46.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.

Corning Trading Up 0.8%

NYSE GLW traded up $1.24 during trading hours on Tuesday, hitting $148.52. 7,344,179 shares of the company were exchanged, compared to its average volume of 12,000,058. Corning Incorporated has a 52 week low of $77.39 and a 52 week high of $271.78. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average price of $155.78 and a 200 day moving average price of $168.86. The stock has a market cap of $127.93 billion, a PE ratio of 67.82, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Analysts forecast that Corning Incorporated will post 3.28 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s dividend payout ratio is currently 51.14%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GLW. Sanford C. Bernstein assumed coverage on shares of Corning in a report on Wednesday, September 30th. They set a “market perform” rating and a $140.00 price objective for the company. China Renaissance raised Corning from a “hold” rating to a “buy” rating and set a $238.00 price target for the company in a research note on Tuesday, September 8th. Mizuho cut their price target on Corning from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. JPMorgan Chase & Co. decreased their price objective on Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a report on Saturday. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.56.

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.