Corning Incorporated $GLW Shares Acquired by KBC Group NV

KBC Group NV lifted its stake in Corning Incorporated (NYSE:GLW) by 226.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,348,164 shares of the electronics maker’s stock after buying an additional 935,282 shares during the quarter. KBC Group NV’s holdings in Corning were worth $118,046,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GLW. Brighton Jones LLC grew its stake in shares of Corning by 46.0% during the 4th 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 during the period. Retirement Planning Co of New England Inc. acquired a new position in shares of Corning in the 1st quarter valued at $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 valued at $2,962,000 after buying an additional 5,522 shares during the period. Sivia Capital Partners LLC acquired a new stake in Corning during the second quarter valued at $401,000. Finally, Schnieders Capital Management LLC. purchased a new position in Corning in the second quarter valued at $266,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Stock Down 2.7%

Shares of NYSE GLW opened at $168.13 on Thursday. The firm has a market cap of $144.43 billion, a price-to-earnings ratio of 91.38, a price-to-earnings-growth ratio of 2.71 and a beta of 1.06. The company’s 50-day simple moving average is $140.79 and its 200-day simple moving average is $106.82. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52-week low of $40.16 and a 52-week high of $176.75.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Corning from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Susquehanna raised their target price on Corning from $100.00 to $125.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. UBS Group upped their price target on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings upgraded Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.08.

Insiders Place Their Bets

In other news, EVP Lewis A. Steverson sold 15,366 shares of Corning stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the sale, the executive vice president directly owned 3,461 shares of the company’s stock, valued at $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Li Fang sold 9,797 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 233,201 shares of company stock valued at $32,614,558. 0.25% of the stock is owned by corporate insiders.

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.