Hhlr Advisors LTD. Makes New $2.62 Million Investment in Corning Incorporated $GLW

Hhlr Advisors LTD. purchased a new stake in Corning Incorporated (NYSE:GLW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,266 shares of the electronics maker’s stock, valued at approximately $2,622,000. Corning makes up 0.3% of Hhlr Advisors LTD.’s holdings, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Atwood & Palmer Inc. purchased a new position in Corning during the 2nd quarter valued at about $26,000. Burk Holdings LLC purchased a new stake in shares of Corning in the second quarter valued at about $53,000. Delos Wealth Advisors LLC purchased a new stake in shares of Corning in the second quarter valued at $55,000. Aberdeen Wealth Management LLC acquired a new stake in shares of Corning during the second quarter valued at $57,000. Finally, ABS Investment Management LLC purchased a new stake in Corning during the 2nd quarter worth about $664,118,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Corning Trading Up 3.8%

Shares of GLW opened at $152.76 on Thursday. Corning Incorporated has a twelve month low of $66.14 and a twelve month high of $271.78. The firm has a market capitalization of $131.59 billion, a P/E ratio of 69.75, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $172.96 and its 200 day simple moving average is $164.50.

Corning (NYSE:GLW) last announced its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. Corning’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, equities research analysts forecast that Corning Incorporated will post 3.27 earnings per share for the current year.

Corning Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s dividend payout ratio (DPR) is 51.14%.

Insider Buying and Selling

In related news, CEO Wendell P. Weeks sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the transaction, the chief executive officer directly owned 908,353 shares of the company’s stock, valued at approximately $169,371,500.38. The trade was a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GLW shares. Truist Financial raised shares of Corning from a “hold” rating to a “buy” rating and cut their target price for the company from $205.00 to $175.00 in a research note on Sunday, August 2nd. UBS Group reiterated a “buy” rating and set a $196.00 price target on shares of Corning in a report on Wednesday, July 29th. Barclays lowered their price target on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Bank of America upped their price objective on shares of Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Corning from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Ten investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $174.08.

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.