Thurston Springer Miller Herd & Titak Inc. Boosts Holdings in Corning Incorporated $GLW

Thurston Springer Miller Herd & Titak Inc. boosted its stake in Corning Incorporated (NYSE:GLW) by 655.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,713 shares of the electronics maker’s stock after acquiring an additional 4,957 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Corning were worth $500,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after purchasing an additional 2,114 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new position in Corning during the 1st quarter worth approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Corning by 9.3% during 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 buying an additional 5,522 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Corning during the second quarter worth approximately $401,000. Finally, Schnieders Capital Management LLC. acquired a new position in Corning during the second quarter worth approximately $266,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Trading Up 0.0%

Shares of GLW stock opened at $147.92 on Friday. The business’s 50 day moving average is $131.42 and its two-hundred day moving average is $102.04. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $162.10. The company has a market capitalization of $127.07 billion, a P/E ratio of 80.39, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’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. Equities analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

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

Insider Activity at Corning

In related news, CEO Wendell P. Weeks sold 137,514 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Eric S. Musser sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the insider owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. The trade was a 55.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 233,201 shares of company stock worth $32,614,558 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GLW shares. Susquehanna increased their price objective on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Morgan Stanley lifted their target price on shares of Corning from $103.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. HSBC reiterated a “buy” rating and issued a $135.00 price target on shares of Corning in a research report on Friday, February 13th. Bank of America increased their price target on shares of Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.08.

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.