Hartline Investment Corp Acquires 156,843 Shares of Corning Incorporated $GLW

Hartline Investment Corp raised its holdings in shares of Corning Incorporated (NYSE:GLW) by 113.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 295,362 shares of the electronics maker’s stock after buying an additional 156,843 shares during the period. Corning comprises 2.5% of Hartline Investment Corp’s portfolio, making the stock its 11th largest holding. Hartline Investment Corp’s holdings in Corning were worth $24,229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in Corning in the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Corning by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after buying an additional 5,522 shares during the period. Pallas Capital Advisors LLC lifted its position in shares of Corning by 158.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 16,146 shares of the electronics maker’s stock valued at $849,000 after buying an additional 9,888 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of Corning during the 2nd quarter valued at approximately $401,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Performance

Shares of NYSE GLW opened at $94.31 on Friday. The company has a market cap of $80.86 billion, a P/E ratio of 59.69, a P/E/G ratio of 1.16 and a beta of 1.13. Corning Incorporated has a 52-week low of $37.31 and a 52-week high of $96.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.56. The firm’s fifty day moving average is $86.87 and its two-hundred day moving average is $76.97.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. Corning had a net margin of 9.16% and a return on equity of 18.12%. The business 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 firm earned $0.54 EPS. The business’s revenue was up 20.9% on a year-over-year basis. Corning has set its Q4 2025 guidance at 0.680-0.72 EPS. As a group, analysts anticipate that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on GLW. UBS Group restated 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. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Argus upped their target price on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Susquehanna increased their price target on Corning from $75.00 to $100.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Finally, Oppenheimer set a $100.00 price objective on Corning and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.36.

Insider Transactions at Corning

In other Corning news, SVP Stefan Becker sold 12,100 shares of Corning stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $91.28, for a total value of $1,104,488.00. Following the sale, the senior vice president owned 5,049 shares of the company’s stock, valued at $460,872.72. The trade was a 70.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Edward A. Schlesinger sold 20,893 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $91.25, for a total value of $1,906,486.25. Following the transaction, the chief financial officer owned 66,959 shares of the company’s stock, valued at $6,110,008.75. This represents a 23.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 156,135 shares of company stock worth $14,088,769. 0.40% of the stock is owned by corporate insiders.

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.