Thurston Springer Miller Herd & Titak Inc. Boosts Stake in Corning Incorporated $GLW

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Corning Incorporated (NYSE:GLW) by 655.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,713 shares of the electronics maker’s stock after acquiring an additional 4,957 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Corning were worth $500,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. CVA Family Office LLC grew its stake in shares of Corning by 10.3% during the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after purchasing an additional 111 shares during the period. Angeles Wealth Management LLC lifted its stake in shares of Corning by 2.8% in the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 116 shares during the period. Vista Investment Partners LLC boosted its holdings in Corning by 1.3% during the third quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock worth $779,000 after buying an additional 119 shares in the last quarter. Sapient Capital LLC boosted its holdings in Corning by 2.2% during the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock worth $452,000 after buying an additional 120 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its position in Corning by 1.6% during the third quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial assumed coverage on shares of Corning in a report on Tuesday, March 31st. They issued a “hold” rating and a $125.00 target price for the company. Fox Advisors cut Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Weiss Ratings raised Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Bank of America lifted their price objective on Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.08.

Corning Stock Performance

NYSE:GLW opened at $147.92 on Friday. 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 $127.07 billion, a P/E ratio of 80.39, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The firm has a 50-day moving average price of $131.42 and a two-hundred day moving average price of $102.04. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $162.10.

Corning (NYSE:GLW) last announced 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. 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 company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter 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. As a group, research analysts expect that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were paid 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 yield of 0.8%. Corning’s dividend payout ratio is presently 60.87%.

Insider Transactions at Corning

In other news, VP John Z. Zhang sold 1,531 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $133.75, for a total value of $204,771.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Wendell P. Weeks sold 137,514 shares of the 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 sale, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 233,201 shares of company stock worth $32,614,558 in the last quarter. Insiders own 0.40% of the company’s stock.

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.