Curbstone Financial Management Corp Makes New Investment in Corning Incorporated $GLW

Curbstone Financial Management Corp purchased a new position in shares of Corning Incorporated (NYSE:GLW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,760 shares of the electronics maker’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. REAP Financial Group LLC lifted its position in Corning by 191.5% during the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock worth $27,000 after buying an additional 339 shares during the period. Total Investment Management Inc. acquired a new position in shares of Corning during the 2nd quarter valued at about $28,000. Banque Transatlantique SA purchased a new position in shares of Corning during the 1st quarter worth about $34,000. Resources Management Corp CT ADV boosted its position in shares of Corning by 66.7% in the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Corning in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Morgan Stanley upped their price objective on Corning from $82.00 to $98.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Wall Street Zen cut Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. Barclays upped their price target on Corning from $65.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Mizuho set a $97.00 price objective on Corning in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.09.

Insider Activity

In related news, insider Eric S. Musser sold 100,000 shares of Corning stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $90.17, for a total transaction of $9,017,000.00. Following the sale, the insider owned 44,926 shares of the company’s stock, valued at $4,050,977.42. The trade was a 69.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Stefan Becker sold 12,100 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the completion of the transaction, the senior vice president owned 5,049 shares in the company, valued at $460,872.72. This represents a 70.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 156,135 shares of company stock worth $14,088,769. Company insiders own 0.40% of the company’s stock.

Corning Trading Up 0.2%

NYSE:GLW opened at $89.50 on Thursday. The business’s 50-day moving average is $86.15 and its two-hundred day moving average is $72.45. The firm has a market capitalization of $76.73 billion, a PE ratio of 56.64, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $96.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.00.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, October 28th. The electronics maker reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. Corning had a return on equity of 18.12% and a net margin of 9.16%.The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 20.9% compared to the same quarter last year. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Research 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 Friday, December 12th. Shareholders of record on Friday, November 14th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.3%. Corning’s dividend payout ratio (DPR) is 70.89%.

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.