1900 Wealth Management LLC Makes New $730,000 Investment in Corning Incorporated $GLW

1900 Wealth Management LLC bought a new position in Corning Incorporated (NYSE:GLW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,337 shares of the electronics maker’s stock, valued at approximately $730,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Corning by 46.0% in the fourth 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 last quarter. Retirement Planning Co of New England Inc. bought a new stake in Corning during the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Corning by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker’s stock worth $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Corning during the 2nd quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. bought a new position in shares of Corning during the 2nd quarter valued at about $266,000. 69.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Corning news, insider Eric S. Musser sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the completion of the transaction, the insider owned 4,926 shares of the company’s stock, valued at approximately $641,611.50. This trade represents a 75.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Z. Zhang sold 1,531 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was 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. In the last quarter, insiders have sold 233,201 shares of company stock valued at $32,614,558. Insiders own 0.40% of the company’s stock.

Corning Trading Up 0.0%

GLW opened at $147.92 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10. The stock has a market cap of $127.07 billion, a PE ratio of 80.39, a PEG ratio of 2.33 and a beta of 1.06. The business has a 50 day moving average of $131.42 and a 200-day moving average of $101.88.

Corning (NYSE:GLW) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, February 27th. Corning’s dividend payout ratio is 60.87%.

Analysts Set New Price Targets

A number of research firms recently weighed in on GLW. Citigroup boosted their target price on Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Oppenheimer set a $120.00 price target on shares of Corning in a research note on Thursday, January 29th. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Susquehanna upped their price objective on shares of Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Finally, Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average target price of $132.08.

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.