Corning Incorporated $GLW Position Decreased by Conning Inc.

Conning Inc. decreased its holdings in shares of Corning Incorporated (NYSE:GLW) by 31.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,775 shares of the electronics maker’s stock after selling 211,401 shares during the period. Corning comprises approximately 1.3% of Conning Inc.’s holdings, making the stock its 7th largest position. Conning Inc. owned about 0.05% of Corning worth $37,879,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC grew its holdings in Corning by 191.5% during the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 339 shares during the period. Total Investment Management Inc. bought a new position in shares of Corning during the 2nd quarter valued at approximately $28,000. Financial Management Professionals Inc. increased its holdings in Corning by 111.1% in 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 in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Corning during the 2nd quarter worth approximately $36,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Corning during the second quarter valued at approximately $38,000. 69.80% of the stock is owned by institutional investors.

Insider Transactions at Corning

In related news, EVP Lewis A. Steverson sold 23,142 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $89.05, for a total value of $2,060,795.10. Following the completion of the transaction, the executive vice president directly owned 17,575 shares of the company’s stock, valued at approximately $1,565,053.75. This trade represents a 56.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Stefan Becker sold 12,100 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $91.28, for a total transaction of $1,104,488.00. Following the sale, the senior vice president directly owned 5,049 shares in the company, valued at approximately $460,872.72. The trade was a 70.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 156,135 shares of company stock valued at $14,088,769 over the last quarter. 0.40% of the stock is owned by insiders.

Corning Trading Up 0.2%

Shares of Corning stock opened at $90.06 on Thursday. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $96.64. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $86.58 and a 200-day moving average price of $76.39. The firm has a market cap of $77.22 billion, a price-to-earnings ratio of 57.00, a PEG ratio of 1.64 and a beta of 1.13.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.24 billion. Corning had a return on equity of 18.12% and a net margin of 9.16%.The firm’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. Equities research analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Mizuho set a $97.00 price objective on shares of Corning in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on Corning from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Corning in a research report on Monday, December 29th. Citigroup upped their price objective on Corning from $99.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday. Finally, UBS Group reissued a “buy” rating and set a $109.00 target price (up previously from $100.00) on shares of Corning in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.36.

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.