Capstone Capital Management Ltd Purchases Shares of 2,909 Corning Incorporated $GLW

Capstone Capital Management Ltd acquired a new stake in Corning Incorporated (NYSE:GLW) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,909 shares of the electronics maker’s stock, valued at approximately $255,000.

Other institutional investors have also recently made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Corning during the third quarter valued at approximately $25,000. Strengthening Families & Communities LLC acquired a new position in Corning during the third quarter worth $27,000. Cornerstone Planning Group LLC raised its position in shares of Corning by 58.5% during 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 during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Corning during the third quarter valued at approximately $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Corning in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling at Corning

In other Corning news, CEO Wendell P. Weeks sold 137,514 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 750,585 shares of the company’s stock, valued at approximately $116,618,391.45. This trade represents a 15.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction on Monday, May 11th. The shares were sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the transaction, the senior vice president owned 10,174 shares in the company, valued at approximately $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 170,774 shares of company stock valued at $28,148,435. Company insiders own 0.25% of the company’s stock.

Corning Trading Down 6.8%

Shares of Corning stock opened at $178.74 on Tuesday. The company has a fifty day simple moving average of $157.10 and a 200-day simple moving average of $120.55. The stock has a market cap of $153.83 billion, a price-to-earnings ratio of 85.52, a PEG ratio of 2.74 and a beta of 1.14. Corning Incorporated has a 12-month low of $47.40 and a 12-month high of $211.79. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities analysts forecast that Corning Incorporated will post 3.19 EPS for the current fiscal year.

Corning Announces Dividend

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

Analyst Upgrades and Downgrades

GLW has been the topic of a number of research reports. Truist Financial raised their target price on shares of Corning from $125.00 to $149.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. UBS Group raised their price target on Corning from $179.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Susquehanna raised their price objective on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, Wolfe Research set a $130.00 target price on Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.92.

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.