Lantz Financial LLC Buys Shares of 4,932 Corning Incorporated $GLW

Lantz Financial LLC acquired a new position in Corning Incorporated (NYSE:GLW) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,932 shares of the electronics maker’s stock, valued at approximately $405,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Corning in the 2nd quarter worth approximately $534,936,000. WCM Investment Management LLC acquired a new stake in shares of Corning during the 3rd quarter valued at $676,931,000. Voya Investment Management LLC lifted its holdings in shares of Corning by 748.0% during the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after purchasing an additional 2,795,948 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Corning by 93.0% during the second quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock valued at $179,206,000 after buying an additional 1,641,558 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Corning by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after acquiring an additional 1,582,895 shares in the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Up 8.4%

NYSE GLW opened at $122.31 on Monday. The stock’s 50 day moving average is $92.96 and its two-hundred day moving average is $82.44. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $104.86 billion, a price-to-earnings ratio of 66.47, a PEG ratio of 2.12 and a beta of 1.13. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $122.56.

Corning (NYSE:GLW) last issued its 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. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GLW has been the subject of several research analyst reports. Fox Advisors downgraded Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. UBS Group restated a “buy” rating and set a $125.00 price target on shares of Corning in a report on Friday, January 30th. Susquehanna boosted their target price on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Morgan Stanley boosted their target price on shares of Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Finally, Citigroup upped their price target on Corning from $102.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.36.

Insider Buying and Selling at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Li Fang sold 9,797 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 55,945 shares of company stock worth $6,072,986. 0.32% of the stock is currently owned by 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.