Hilton Head Capital Partners LLC Acquires New Holdings in Corning Incorporated $GLW

Hilton Head Capital Partners LLC purchased a new position in shares of Corning Incorporated (NYSE:GLW) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,724 shares of the electronics maker’s stock, valued at approximately $939,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berbice Capital Management LLC purchased a new stake in Corning during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC purchased a new stake in Corning during the 4th quarter worth approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Corning during the 3rd quarter worth approximately $25,000. Evolution Wealth Management Inc. increased its stake in Corning by 58.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock worth $33,000 after buying an additional 141 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Corning during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

GLW has been the topic of several recent research reports. UBS Group upped their target price on shares of Corning from $223.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley set a $180.00 price target on Corning in a report on Friday, May 8th. Susquehanna upped their price target on Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. HSBC reissued a “buy” rating and set a $135.00 price objective on shares of Corning in a research report on Friday, February 13th. Finally, Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a report on Saturday. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.31.

Insider Activity at Corning

In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares in the company, valued at $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jaymin Amin sold 27,395 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the transaction, the senior vice president owned 94,400 shares in the company, valued at $18,138,016. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 60,655 shares of company stock valued at $12,046,561. Company insiders own 0.25% of the company’s stock.

Corning Stock Down 0.0%

Shares of NYSE:GLW opened at $177.52 on Monday. The stock has a market cap of $152.78 billion, a price-to-earnings ratio of 84.94, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. Corning Incorporated has a fifty-two week low of $49.47 and a fifty-two week high of $211.79. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average price is $173.00 and its 200 day moving average price is $130.61.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities research analysts predict that Corning Incorporated will post 3.19 earnings per share for the current fiscal year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio is currently 53.59%.

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.