Corning Incorporated $GLW Stock Sold by Hoey Investments Inc.

Hoey Investments Inc. reduced its stake in shares of Corning Incorporated (NYSE:GLW) by 91.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 500 shares of the electronics maker’s stock after selling 5,520 shares during the period. Hoey Investments Inc.’s holdings in Corning were worth $77,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Atwood & Palmer Inc. bought a new stake in Corning in the 2nd quarter valued at $26,000. Rogco LP bought a new position in Corning during the 2nd quarter worth about $27,000. Western Pacific Wealth Management LP bought a new position in Corning during the 3rd quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in shares of Corning in the 3rd quarter valued at about $25,000. Finally, Toth Financial Advisory Corp raised its stake in shares of Corning by 130.7% in the 3rd quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 98 shares during the period. Institutional investors own 69.80% of the company’s stock.

Corning Trading Down 4.3%

Shares of Corning stock opened at $123.29 on Friday. The stock has a market cap of $106.20 billion, a P/E ratio of 49.92, a P/E/G ratio of 1.52 and a beta of 1.13. The company has a quick ratio of 1.24, a current ratio of 1.72 and a debt-to-equity ratio of 0.51. Corning Incorporated has a 12-month low of $77.39 and a 12-month high of $271.78. The business’s 50 day moving average is $147.88 and its 200-day moving average is $154.97.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, October 27th. The electronics maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.03 billion. Corning had a net margin of 12.13% and a return on equity of 20.83%. Corning’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Equities research analysts predict that Corning Incorporated will post 3.37 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 13th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. Corning’s dividend payout ratio (DPR) is presently 45.34%.

Insider Buying and Selling

In other Corning news, EVP Lewis Steverson sold 13,100 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the transaction, the executive vice president owned 15,052 shares of the company’s stock, valued at $2,277,217.08. The trade was a 46.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s third-quarter sales increased roughly 19% year over year, while earnings exceeded estimates. Growth in Optical Communications, improving margins and demand from AI data-center customers supported the results and the company’s outlook. Corning Q3 Sales Jump 19% as AI Optical Demand and Margins Accelerate
• Positive Sentiment: Zacks Research upgraded GLW from “hold” to “strong-buy,” and Truist Financial reaffirmed its “buy” rating. These actions indicate that some analysts continue to view AI-driven photonics growth and stronger execution as attractive catalysts. Zacks Research Stock Recommendations Corning Stock Rating Reaffirmed as Buy by Truist Financial
• Positive Sentiment: Reports highlight completed production expansion and major customer opportunities, although the valuation benefit depends on Corning converting higher demand into sustained profit-margin improvement. Morgan Stanley Report on Corning’s Production Expansion
• Neutral Sentiment: Corning was featured among dividend-growth stocks with solid fundamentals, but the broader article does not represent a company-specific catalyst. Dividend Growth Stocks Article
• Negative Sentiment: Morgan Stanley lowered its expectations for Corning’s stock, while a separate fair-value estimate fell from $189.94 to $182.76. The revisions reflect concerns about elevated valuation, execution risk and whether AI-related growth can justify the stock’s premium multiple. Morgan Stanley Lowers Expectations for Corning Corning Fair Value Edges Lower
• Negative Sentiment: Exchange-traded funds were reported as net sellers of GLW, adding near-term technical pressure. The stock also remains below its 50- and 200-day moving averages, while its high price-to-earnings ratio leaves it vulnerable to further profit-taking. ETFs Are Net Sellers of Corning

Analyst Ratings Changes

Several equities research analysts have commented on GLW shares. Mizuho cut their target price on Corning from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 15th. Morgan Stanley decreased their price target on shares of Corning from $165.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday. UBS Group lowered their price objective on shares of Corning from $201.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group reissued an “outperform” rating on shares of Corning in a research report on Tuesday, September 15th. Finally, Oppenheimer reduced their target price on shares of Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.81.

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.