Natixis Advisors LLC Has $39.37 Million Stake in Corning Incorporated $GLW

Natixis Advisors LLC increased its position in Corning Incorporated (NYSE:GLW) by 32.1% in the 3rd quarter, Holdings Channel reports. The firm owned 479,921 shares of the electronics maker’s stock after buying an additional 116,583 shares during the quarter. Natixis Advisors LLC’s holdings in Corning were worth $39,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of GLW. Strengthening Families & Communities LLC bought a new stake in Corning in the third quarter valued at $27,000. Total Investment Management Inc. bought a new position in shares of Corning during the second quarter valued at $28,000. 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 acquiring an additional 124 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of Corning by 111.1% in the 3rd 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 in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Corning in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Stock Performance

Shares of NYSE:GLW opened at $128.84 on Tuesday. The business has a fifty day moving average of $114.30 and a 200-day moving average of $93.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $162.10. The firm has a market cap of $110.53 billion, a PE ratio of 70.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.04.

Corning (NYSE:GLW) last issued its quarterly 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. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts predict that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio is presently 60.87%.

Insider Buying and Selling at Corning

In related news, insider Eric S. Musser sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the sale, the insider owned 4,926 shares of the company’s stock, valued at $641,611.50. This trade represents a 75.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer owned 750,585 shares of the company’s stock, valued at $116,618,391.45. This trade represents a 15.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 233,201 shares of company stock valued at $32,614,558 over the last three months. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Susquehanna increased their target price on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Oppenheimer set a $120.00 price target on shares of Corning in a research report on Thursday, January 29th. Citigroup upped their price objective on shares of Corning from $120.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. HSBC reaffirmed a “buy” rating and set a $135.00 price objective on shares of Corning in a report on Friday, February 13th. Finally, Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Corning presently has an average rating of “Moderate Buy” and a consensus target price of $125.42.

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.