Eukles Asset Management Purchases Shares of 5,770 Corning Incorporated $GLW

Eukles Asset Management purchased a new stake in Corning Incorporated (NYSE:GLW) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,770 shares of the electronics maker’s stock, valued at approximately $505,000.

Other hedge funds also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new stake in Corning in the 4th quarter valued at about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Corning in the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC acquired a new stake in Corning in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC raised its position in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 124 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Corning in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Down 0.1%

Shares of NYSE GLW opened at $193.83 on Tuesday. The stock has a market cap of $166.82 billion, a PE ratio of 92.74, a price-to-earnings-growth ratio of 2.78 and a beta of 1.14. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52-week low of $47.67 and a 52-week high of $211.79. The business has a 50-day moving average price of $162.85 and a 200 day moving average price of $124.03.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities research analysts forecast that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, May 29th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning’s payout ratio is presently 53.59%.

Insiders Place Their Bets

In other Corning news, VP John Z. Zhang sold 10,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the completion of the transaction, the vice president owned 5,138 shares in the company, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michaune D. Tillman sold 3,260 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the sale, the senior vice president directly owned 10,174 shares of the company’s stock, valued at approximately $2,106,221.48. This trade represents a 24.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 170,774 shares of company stock valued at $28,148,435. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corning in a research report on Friday, May 15th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. increased their price target on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Zacks Research raised Corning from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Wolfe Research set a $130.00 price objective on Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average price target of $177.92.

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.