Intrust Bank NA Invests $291,000 in Corning Incorporated $GLW

Intrust Bank NA bought a new stake in Corning Incorporated (NYSE:GLW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,549 shares of the electronics maker’s stock, valued at approximately $291,000.

A number of other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC lifted its holdings in Corning by 10.3% in the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after buying an additional 111 shares in the last quarter. Vista Investment Partners LLC increased its position in shares of Corning by 1.3% during the third quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock worth $779,000 after acquiring an additional 119 shares during the last quarter. Sapient Capital LLC lifted its stake in shares of Corning by 2.2% in the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock worth $452,000 after acquiring an additional 120 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Corning by 1.6% in the third quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after acquiring an additional 124 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in Corning by 58.5% in 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. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Stock Up 4.0%

Shares of NYSE:GLW opened at $145.08 on Tuesday. The company’s fifty day moving average is $102.97 and its two-hundred day moving average is $88.05. 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 1-year low of $37.31 and a 1-year high of $148.70. The stock has a market capitalization of $124.47 billion, a price-to-earnings ratio of 78.85, a price-to-earnings-growth ratio of 2.42 and a beta of 1.13.

Corning (NYSE:GLW) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts anticipate that Corning Incorporated will post 2.33 EPS for the current year.

Corning Dividend Announcement

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 issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s dividend payout ratio is 60.87%.

Analyst Ratings Changes

Several research firms have issued reports on GLW. Argus lifted their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings raised shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Citigroup upped their price target on shares of Corning from $102.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Finally, Susquehanna boosted 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. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Corning presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.25.

Insider Buying and Selling at Corning

In related news, COO Avery H. Nelson III sold 1,583 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $128.74, for a total transaction of $203,795.42. Following the completion of the transaction, the chief operating officer owned 59,788 shares in the company, valued at $7,697,107.12. The trade was a 2.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lewis A. Steverson sold 15,366 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total value of $2,000,960.52. Following the transaction, the executive vice president owned 3,461 shares of the company’s stock, valued at approximately $450,691.42. The trade was a 81.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 95,687 shares of company stock worth $11,249,008. Corporate insiders own 0.32% of the company’s stock.

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.