Lodestar Private Asset Management LLC Acquires New Position in Corning Incorporated $GLW

Lodestar Private Asset Management LLC acquired a new stake in Corning Incorporated (NYSE:GLW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,183 shares of the electronics maker’s stock, valued at approximately $279,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new position in Corning during the 1st quarter worth $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Corning during the 2nd quarter valued at $401,000. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of Corning in the 2nd quarter worth $266,000. 69.80% of the stock is currently owned by institutional investors.

Corning Stock Up 0.5%

Corning stock opened at $165.19 on Tuesday. Corning Incorporated has a 1-year low of $40.16 and a 1-year high of $176.75. The business has a fifty day moving average price of $143.38 and a 200-day moving average price of $108.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a market capitalization of $141.90 billion, a price-to-earnings ratio of 89.78, a PEG ratio of 2.55 and a beta of 1.06.

Corning (NYSE:GLW) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the prior year, the company posted $0.57 EPS. The firm’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 research analysts forecast that Corning Incorporated will post 3.14 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were paid a $0.28 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. Corning’s dividend payout ratio (DPR) is 60.87%.

Insider Activity at Corning

In other news, CEO Wendell P. Weeks sold 137,514 shares of Corning 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 completion of the sale, the chief executive officer directly owned 750,585 shares in the company, valued at approximately $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the sale, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. This trade represents a 81.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 233,201 shares of company stock worth $32,614,558 in the last 90 days. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GLW shares. Wolfe Research set a $130.00 price target on Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. lowered shares of Corning from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $115.00 to $175.00 in a research note on Thursday, April 16th. Morgan Stanley increased their target price on shares of Corning from $127.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday. Mizuho set a $145.00 target price on shares of Corning in a research report on Monday, February 23rd. Finally, Citigroup boosted their price target on shares of Corning from $120.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Corning has an average rating of “Moderate Buy” and a consensus target price of $140.08.

About Corning

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.