Corning Incorporated $GLW Stock Holdings Boosted by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in Corning Incorporated (NYSE:GLW) by 14.9% during the third quarter, Holdings Channel reports. The fund owned 78,367 shares of the electronics maker’s stock after purchasing an additional 10,135 shares during the quarter. Public Sector Pension Investment Board’s holdings in Corning were worth $6,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strengthening Families & Communities LLC bought a new stake in shares of Corning during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC raised its stake in Corning by 58.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. Financial Management Professionals Inc. boosted its position in Corning by 111.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 200 shares during the period. RMG Wealth Management LLC grew its stake in shares of Corning by 125.0% in the third quarter. RMG Wealth Management LLC now owns 450 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Corning in the third quarter worth $39,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GLW. Morgan Stanley lifted their price objective on shares of Corning from $98.00 to $103.00 and gave the company an “equal weight” rating in a research note on Thursday, January 29th. HSBC restated a “buy” rating and set a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Oppenheimer set a $120.00 target price on Corning in a report on Thursday, January 29th. Finally, Argus increased their price target on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.25.

Insiders Place Their Bets

In other Corning news, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at $5,727,249. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,687 shares of company stock worth $11,249,008 over the last three months. Company insiders own 0.40% of the company’s stock.

Corning Stock Up 1.3%

GLW stock opened at $132.25 on Thursday. The firm has a market cap of $113.46 billion, a PE ratio of 71.88, a P/E/G ratio of 2.26 and a beta of 1.13. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $136.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $100.12 and a 200 day simple moving average of $86.32.

Corning (NYSE:GLW) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. 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. Equities research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th. Corning’s dividend payout ratio is currently 60.87%.

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.