Reaves W H & Co. Inc. Makes New Investment in Corning Incorporated $GLW

Reaves W H & Co. Inc. bought a new position in Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 504,522 shares of the electronics maker’s stock, valued at approximately $41,386,000. Reaves W H & Co. Inc. owned about 0.06% of Corning as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GLW. Brighton Jones LLC raised its stake in Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after buying an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Corning during the 1st quarter valued at approximately $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Corning by 9.3% during the first 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 during the last quarter. Sivia Capital Partners LLC acquired a new position in Corning in the second quarter worth $401,000. Finally, Callan Family Office LLC boosted its holdings in Corning by 71.7% in the second quarter. Callan Family Office LLC now owns 25,970 shares of the electronics maker’s stock worth $1,366,000 after purchasing an additional 10,847 shares during the period. Institutional investors own 69.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group reissued a “buy” rating and set a $125.00 target price on shares of Corning in a report on Friday, January 30th. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Argus lifted their target price on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Mizuho increased their price target on Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings lowered Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Nine 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 stock has an average rating of “Moderate Buy” and an average price target of $112.36.

Corning Stock Up 7.5%

Shares of Corning stock opened at $131.36 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $132.32. The business’s fifty day moving average price is $93.92 and its two-hundred day moving average price is $82.97. The company has a market capitalization of $112.62 billion, a P/E ratio of 71.39, a PEG ratio of 2.12 and a beta of 1.13.

Corning (NYSE:GLW) last issued its quarterly earnings results 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 company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, research analysts forecast that Corning Incorporated will post 2.33 EPS for the current year.

Insider Activity at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of Corning stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total transaction of $2,206,423.20. Following the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. This trade represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric S. Musser sold 25,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 70,945 shares of company stock worth $8,026,736 over the last quarter. 0.32% of the stock is currently owned by company insiders.

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.