Central Bank & Trust Co. Increases Stock Position in Corning Incorporated $GLW

Central Bank & Trust Co. increased its holdings in shares of Corning Incorporated (NYSE:GLW) by 55.0% during the third quarter, HoldingsChannel reports. The firm owned 22,322 shares of the electronics maker’s stock after buying an additional 7,917 shares during the period. Central Bank & Trust Co.’s holdings in Corning were worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cypress Asset Management Inc. TX lifted its stake in shares of Corning by 27.9% in the 3rd quarter. Cypress Asset Management Inc. TX now owns 13,719 shares of the electronics maker’s stock valued at $2,109,000 after purchasing an additional 2,990 shares during the last quarter. Hummer Financial Advisory Services Inc raised its stake in Corning by 14.6% during the third quarter. Hummer Financial Advisory Services Inc now owns 2,665 shares of the electronics maker’s stock worth $410,000 after acquiring an additional 340 shares in the last quarter. First Heartland Consultants Inc. raised its stake in shares of Corning by 23.0% in the third quarter. First Heartland Consultants Inc. now owns 1,542 shares of the electronics maker’s stock valued at $237,000 after acquiring an additional 288 shares during the last quarter. GAMMA Investing LLC lifted its position in Corning by 7.3% during the 3rd quarter. GAMMA Investing LLC now owns 21,906 shares of the electronics maker’s stock worth $3,368,000 after buying an additional 1,484 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in Corning by 2.4% in the third quarter. Grove Bank & Trust now owns 4,261 shares of the electronics maker’s stock valued at $655,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

Insider Buying and Selling

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

Corning Stock Performance

NYSE GLW traded up $3.83 on Friday, reaching $156.66. 3,697,103 shares of the stock were exchanged, compared to its average volume of 12,027,920. The firm has a market capitalization of $134.95 billion, a PE ratio of 71.57, a PEG ratio of 2.08 and a beta of 1.13. Corning Incorporated has a one year low of $77.39 and a one year high of $271.78. The company’s 50-day simple moving average is $155.41 and its two-hundred day simple moving average is $168.64. 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) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping 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 business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the prior year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Analysts expect that Corning Incorporated will post 3.28 EPS for the current fiscal year.

Corning Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th. Corning’s payout ratio is currently 51.14%.

Wall Street Analyst Weigh In

Several analysts recently commented on GLW shares. Wall Street Zen downgraded Corning from a “buy” rating to a “hold” rating in a research note on Monday, August 24th. Citigroup decreased their target price on Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Truist Financial raised their price objective 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. Bank of America increased their price target on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, China Renaissance raised shares of Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a report on Tuesday, September 8th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and an average target price of $174.87.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Truist raised its price target for Corning from $175 to $182, signaling increased confidence in the company’s earnings and growth prospects. Truist raises target for Corning stock
• Positive Sentiment: Analysts highlighted GLW as a beneficiary of the AI-related communications buildout, citing network demand, growing backlogs and potential upside alongside Ciena. This supports expectations for stronger optical-fiber and data-center sales. AI communication component rally
• Positive Sentiment: Zacks described Corning as a long-term growth stock, while another report pointed to AI-driven optical growth, major data-center agreements and rising solar sales. A planned expansion of U.S. optical-fiber capacity also reinforces the company’s strategic positioning. Why Corning is a top growth stock
• Positive Sentiment: Corning declared a quarterly dividend of $0.28 per share, or $1.12 annually, providing continued shareholder returns. Corning declares quarterly dividend
• Neutral Sentiment: Bernstein reaffirmed its Hold rating, and previews of third-quarter 2026 earnings leave investors focused on whether AI demand can translate into results consistent with Corning’s guidance. Bernstein reaffirms Hold rating
• Negative Sentiment: After a substantial year-to-date advance, commentary warned that GLW’s valuation and profit risks could limit further gains. A law firm is also investigating potential claims on behalf of investors, adding headline and litigation risk. Pomerantz investigation of Corning

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.