Curbstone Financial Management Corp Buys Shares of 6,760 Corning Incorporated $GLW

Curbstone Financial Management Corp bought a new stake in shares of Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,760 shares of the electronics maker’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after acquiring an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Corning during the first quarter worth about $729,000. Compound Planning Inc. grew its stake in Corning by 19.5% in the first quarter. Compound Planning Inc. now owns 7,524 shares of the electronics maker’s stock worth $344,000 after purchasing an additional 1,229 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in Corning by 0.8% in the first quarter. Kestra Advisory Services LLC now owns 66,354 shares of the electronics maker’s stock valued at $3,038,000 after buying an additional 510 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in Corning by 25.9% during the first quarter. Synovus Financial Corp now owns 26,422 shares of the electronics maker’s stock valued at $1,210,000 after buying an additional 5,434 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GLW shares. Citigroup lifted their target price on Corning from $93.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price objective on shares of Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Oppenheimer set a $100.00 target price on shares of Corning and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Zacks Research lowered shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.09.

Corning Stock Performance

Shares of GLW opened at $89.50 on Thursday. The firm has a fifty day moving average of $86.15 and a 200-day moving average of $72.45. The company has a market cap of $76.73 billion, a price-to-earnings ratio of 56.64, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $96.64.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.24 billion. Corning had a net margin of 9.16% and a return on equity of 18.12%. Corning’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, equities analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 14th were given a dividend of $0.28 per share. The ex-dividend date was Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. Corning’s payout ratio is currently 70.89%.

Insiders Place Their Bets

In other news, SVP Stefan Becker sold 12,100 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the completion of the transaction, the senior vice president owned 5,049 shares of the company’s stock, valued at approximately $460,872.72. This represents a 70.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Eric S. Musser sold 100,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total value of $9,017,000.00. Following the transaction, the insider directly owned 44,926 shares in the company, valued at $4,050,977.42. This trade represents a 69.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 156,135 shares of company stock valued at $14,088,769. 0.40% of the stock is owned by corporate insiders.

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.