Corning Incorporated $GLW Stock Position Decreased by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. cut its stake in shares of Corning Incorporated (NYSE:GLW) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,482,159 shares of the electronics maker’s stock after selling 12,085 shares during the quarter. Corning makes up approximately 3.0% of Bowen Hanes & Co. Inc.’s holdings, making the stock its 4th biggest position. Bowen Hanes & Co. Inc. owned about 0.17% of Corning worth $121,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLW. Norges Bank purchased a new stake in shares of Corning in the second quarter worth $534,936,000. WCM Investment Management LLC purchased a new stake in Corning in the 3rd quarter worth $676,931,000. Voya Investment Management LLC raised its holdings in Corning by 748.0% during the third quarter. Voya Investment Management LLC now owns 3,169,741 shares of the electronics maker’s stock valued at $260,014,000 after acquiring an additional 2,795,948 shares during the period. Raymond James Financial Inc. lifted its position in shares of Corning by 93.0% in the second quarter. Raymond James Financial Inc. now owns 3,407,608 shares of the electronics maker’s stock valued at $179,206,000 after acquiring an additional 1,641,558 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock worth $5,151,301,000 after acquiring an additional 1,582,895 shares during the period. Institutional investors own 69.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Argus lifted their target price on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a research report on Tuesday, January 27th. HSBC restated a “buy” rating and set a $135.00 target price on shares of Corning in a research report on Friday, February 13th. Oppenheimer set a $120.00 price target on shares of Corning in a report on Thursday, January 29th. Finally, UBS Group boosted their price target on shares of Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.17.

Insiders Place Their Bets

In other news, insider Eric S. Musser sold 15,000 shares of Corning stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the transaction, the insider owned 4,926 shares in the company, valued at approximately $641,611.50. The trade was a 75.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Z. Zhang sold 1,531 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $133.75, for a total value of $204,771.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 95,687 shares of company stock worth $11,249,008. 0.40% of the stock is currently owned by company insiders.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: UBS raised its price target on GLW to $160 and maintained a “buy” rating, giving analysts’ backing to further upside and legitimizing recent gains. UBS raises price target to $160
• Positive Sentiment: Multiple outlets highlight Corning as a beneficiary of the AI infrastructure buildout — demand for fiber, optical interconnects and glass substrate technology is being re-priced into expectations for growth. Corning’s Surprise AI Boom
• Positive Sentiment: Zacks published a piece framing GLW as a strong growth stock based on style scores and momentum, feeding retail and algorithmic interest. Zacks: Here’s Why Corning (GLW) is a Strong Growth Stock
• Neutral Sentiment: Coverage and comparative pieces (e.g., Corning vs. Universal Display) are driving analyst debate about display vs. optical winners — helpful for narrative but not immediate catalysts. Corning vs. Universal Display
• Neutral Sentiment: Benzinga and other outlets note elevated options activity in GLW, which can amplify intraday moves but doesn’t change fundamentals. Options trading trends in Corning
• Negative Sentiment: Insiders sold roughly US$54M of Corning stock, a signal some investors interpret as caution and a reminder to watch insider activity and timing around big rallies. Corning Insiders Sell US$54m Of Stock

Corning Trading Up 7.3%

Shares of GLW opened at $139.53 on Friday. The stock has a market capitalization of $119.71 billion, a PE ratio of 75.83, a P/E/G ratio of 2.42 and a beta of 1.13. The company’s fifty day moving average is $101.83 and its 200 day moving average is $87.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $140.27.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the business earned $0.57 earnings per share. Corning’s quarterly revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts expect that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date is 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 60.87%.

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.