29,801 Corning Incorporated $GLW Shares Acquired by Capstone Capital Management Ltd

Posted by Brian Himes on Oct 21st, 2026

Capstone Capital Management Ltd increased its stake in Corning Incorporated (NYSE:GLW – Free Report) by 340.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,552 shares of the electronics maker’s stock after purchasing an additional 29,801 shares during the period. Corning accounts for about 2.4% of Capstone Capital Management Ltd’s portfolio, making the stock its 6th largest position. Capstone Capital Management Ltd’s holdings in Corning were worth $5,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GLW. Western Pacific Wealth Management LP purchased a new stake in Corning during the 3rd quarter valued at about $25,000. Atwood & Palmer Inc. acquired a new stake in shares of Corning in the second quarter worth $26,000. Rogco LP purchased a new stake in Corning in the second quarter valued at $27,000. Toth Financial Advisory Corp raised its stake in shares of Corning by 130.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 173 shares of the electronics maker’s stock valued at $27,000 after buying an additional 98 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. lifted its holdings in shares of Corning by 220.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 240 shares of the electronics maker’s stock valued at $37,000 after buying an additional 165 shares during the period. 69.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on GLW. Bank of America lowered their price objective on Corning from $243.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Oppenheimer lowered their price target on Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Barclays reduced their target price on Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. The Goldman Sachs Group reissued an “outperform” rating on shares of Corning in a report on Tuesday, September 15th. Finally, Truist Financial upped their price target on shares of Corning from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $177.56.

Read Our Latest Stock Analysis on Corning

Corning Stock Down 0.4%

GLW stock opened at $132.16 on Wednesday. The company has a market cap of $113.84 billion, a price-to-earnings ratio of 60.35, a PEG ratio of 1.69 and a beta of 1.13. The firm has a 50-day moving average of $153.14 and a two-hundred day moving average of $168.85. Corning Incorporated has a 12 month low of $77.39 and a 12 month high of $271.78. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59.

Corning (NYSE:GLW – Get Free Report) last issued its 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. Corning had a return on equity of 20.09% and a net margin of 11.20%. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the prior year, the business earned $0.60 EPS. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, analysts forecast that Corning Incorporated will post 3.29 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, November 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Corning’s dividend payout ratio is currently 51.14%.

Insiders Place Their Bets

In other news, EVP Lewis Steverson sold 13,100 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $151.29, for a total value of $1,981,899.00. Following the sale, the executive vice president directly owned 15,052 shares of the company’s stock, valued at approximately $2,277,217.08. The trade was a 46.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by company insiders.

Corning Profile

(Free Report)

Corning Incorporated (NYSE: GLW) is a technology company that develops and manufactures specialty glass, ceramics and optical-fiber products. Its materials and engineering expertise support communications networks, consumer electronics, automotive systems, life sciences and other industrial applications.

The company’s products include optical fiber, cable and connectivity solutions used in telecommunications infrastructure; glass substrates for televisions, computer monitors and other displays; durable cover glass for mobile devices; emissions-control components for vehicles; laboratory glassware and consumables; and specialized glass and ceramic materials for scientific, industrial and semiconductor applications.

Founded in 1851 and headquartered in Corning, New York, the company serves customers through operations and facilities across North America, Europe, Asia and other international markets.