Jones Kertz & Associates Inc. Makes New $794,000 Investment in Corning Incorporated $GLW

Jones Kertz & Associates Inc. bought a new position in shares of Corning Incorporated (NYSE:GLW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,065 shares of the electronics maker’s stock, valued at approximately $794,000.

A number of other hedge funds and 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 shares of Corning during the third quarter valued at approximately $25,000. Strengthening Families & Communities LLC purchased a new position in shares of Corning during the third quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Corning by 111.1% during the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of Corning during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Trading Up 0.5%

NYSE:GLW opened at $165.19 on Tuesday. The company has a market cap of $141.90 billion, a PE ratio of 89.78, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a 50 day simple moving average of $143.38 and a two-hundred day simple moving average of $108.75. Corning Incorporated has a 12 month low of $40.16 and a 12 month high of $176.75.

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, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Research analysts forecast that Corning Incorporated will post 3.14 earnings per share for the current year.

Corning Announces Dividend

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

Wall Street Analyst Weigh In

GLW has been the subject of several analyst reports. Wall Street Zen upgraded Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Bank of America raised their price target on Corning from $155.00 to $186.00 and gave the company a “buy” rating in a report on Monday. Oppenheimer set a $120.00 price target on Corning in a report on Thursday, January 29th. HSBC restated a “buy” rating and set a $135.00 price target on shares of Corning in a report on Friday, February 13th. Finally, Citigroup increased 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 analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.08.

Insiders Place Their Bets

In other Corning news, SVP Li Fang sold 9,797 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total value of $1,112,057.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric S. Musser sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the insider owned 19,926 shares in the company, valued at $2,191,860. The trade was a 55.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 233,201 shares of company stock valued at $32,614,558. 0.25% of the stock is currently owned by corporate 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.