Corning Incorporated $GLW Shares Purchased by Brookstone Capital Management

Brookstone Capital Management raised its position in Corning Incorporated (NYSE:GLW) by 46.0% during the fourth quarter, Holdings Channel reports. The firm owned 10,899 shares of the electronics maker’s stock after buying an additional 3,436 shares during the quarter. Brookstone Capital Management’s holdings in Corning were worth $954,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. MOR Wealth Management LLC purchased a new stake in shares of Corning in the 4th quarter valued at $623,000. ORG Partners LLC boosted its holdings in Corning by 70.5% during the 4th quarter. ORG Partners LLC now owns 1,461 shares of the electronics maker’s stock valued at $128,000 after acquiring an additional 604 shares during the period. Spire Wealth Management grew its position in Corning by 23.9% in the 4th quarter. Spire Wealth Management now owns 25,692 shares of the electronics maker’s stock valued at $2,250,000 after acquiring an additional 4,954 shares in the last quarter. Lineweaver Wealth Advisors LLC grew its position in Corning by 3.9% in the 4th quarter. Lineweaver Wealth Advisors LLC now owns 19,935 shares of the electronics maker’s stock valued at $1,746,000 after acquiring an additional 755 shares in the last quarter. Finally, LVW Advisors LLC increased its stake in Corning by 13.9% during the fourth quarter. LVW Advisors LLC now owns 7,145 shares of the electronics maker’s stock worth $626,000 after purchasing an additional 870 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America increased their price target on shares of Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Mizuho set a $145.00 price objective on shares of Corning in a report on Monday, February 23rd. Barclays set a $100.00 target price on shares of Corning in a research note on Thursday, January 29th. Morgan Stanley raised their price target on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Finally, Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.08.

Insiders Place Their Bets

In related news, COO Avery H. Nelson III sold 1,583 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total value of $203,795.42. Following the transaction, the chief operating officer owned 59,788 shares of the company’s stock, valued at $7,697,107.12. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $155.37, for a total value of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares in the company, valued at approximately $116,618,391.45. This represents a 15.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 233,201 shares of company stock worth $32,614,558. 0.40% of the stock is currently owned by insiders.

Corning Stock Performance

Shares of GLW opened at $147.92 on Friday. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10. The stock has a market capitalization of $127.07 billion, a PE ratio of 80.39, a PEG ratio of 2.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The stock has a 50-day simple moving average of $131.42 and a 200-day simple moving average of $102.04.

Corning (NYSE:GLW) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio is currently 60.87%.

Corning 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.