Brookstone Capital Management Increases Stake in Corning Incorporated $GLW

Brookstone Capital Management grew its holdings in shares of Corning Incorporated (NYSE:GLW) by 46.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,899 shares of the electronics maker’s stock after purchasing an additional 3,436 shares during the quarter. Brookstone Capital Management’s holdings in Corning were worth $954,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GLW. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Corning during the third quarter worth about $25,000. Strengthening Families & Communities LLC acquired a new stake in Corning in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its stake in Corning by 58.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 124 shares in the last quarter. Financial Management Professionals Inc. lifted its stake 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 purchasing an additional 200 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Corning during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GLW. Morgan Stanley upped their price target on Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Bank of America lifted their price objective on Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Mizuho set a $145.00 target price on Corning in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.08.

Insider Buying and Selling at Corning

In other Corning news, insider Eric S. Musser sold 25,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. Following the transaction, the insider owned 19,926 shares of the company’s stock, valued at $2,191,860. This represents a 55.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Li Fang sold 9,797 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total transaction of $1,112,057.47. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 233,201 shares of company stock worth $32,614,558. Insiders own 0.40% of the company’s stock.

Corning Stock Up 0.0%

Shares of NYSE GLW opened at $147.92 on Friday. The company has a market capitalization of $127.07 billion, a P/E ratio of 80.39, a P/E/G ratio of 2.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The company has a 50 day simple moving average of $131.42 and a 200-day simple moving average of $102.04. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10.

Corning (NYSE:GLW) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm 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 quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

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

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.