Fulcrum Asset Management LLP Makes New Investment in Corning Incorporated $GLW

Fulcrum Asset Management LLP acquired a new stake in Corning Incorporated (NYSE:GLW) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,561 shares of the electronics maker’s stock, valued at approximately $1,678,000.

Several other large investors have also recently made changes to their positions in the business. Glenview Trust Co bought a new stake in shares of Corning during the 2nd quarter worth $2,399,000. North Star Asset Management Inc. purchased a new position in shares of Corning in the 2nd quarter worth about $311,000. Concorde Asset Management LLC bought a new position in Corning during the second quarter valued at about $201,000. United Capital Financial Advisors LLC increased its holdings in Corning by 19.6% during the second quarter. United Capital Financial Advisors LLC now owns 26,892 shares of the electronics maker’s stock worth $6,869,000 after buying an additional 4,409 shares during the last quarter. Finally, Wealth Management Strategies Inc. purchased a new stake in Corning during the second quarter worth about $213,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Corning Price Performance

NYSE GLW opened at $148.87 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The company has a market cap of $128.24 billion, a PE ratio of 67.98, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14. Corning Incorporated has a 52 week low of $66.14 and a 52 week high of $271.78. The firm’s 50-day simple moving average is $171.18 and its two-hundred day simple moving average is $164.60.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Research analysts predict that Corning Incorporated will post 3.27 earnings per share for the current year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a dividend of $0.28 per share. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s dividend payout ratio is currently 51.14%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Mizuho decreased their price target on shares of Corning from $270.00 to $210.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a report on Monday, August 24th. UBS Group reiterated a “buy” rating and issued a $196.00 price objective on shares of Corning in a research note on Wednesday, July 29th. Finally, Morgan Stanley reduced their price objective on Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Corning currently has an average rating of “Moderate Buy” and a consensus price target of $174.08.

Insider Activity at Corning

In other news, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by 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.