O Keefe Stevens Advisory Inc. Boosts Stock Holdings in Corning Incorporated $GLW

O Keefe Stevens Advisory Inc. increased its holdings in shares of Corning Incorporated (NYSE:GLW) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,119 shares of the electronics maker’s stock after acquiring an additional 5,117 shares during the period. Corning makes up 4.7% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 4th largest holding. O Keefe Stevens Advisory Inc.’s holdings in Corning were worth $16,677,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GLW. Investment Management Corp VA ADV boosted its stake in Corning by 165.9% during the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 463 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Corning by 90.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker’s stock valued at $34,000 after acquiring an additional 353 shares in the last quarter. Banque Transatlantique SA purchased a new position in Corning in the 1st quarter worth approximately $34,000. Resources Management Corp CT ADV raised its holdings in Corning by 66.7% in the 1st quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Finally, Gen Wealth Partners Inc lifted its position in Corning by 151.7% in the 1st quarter. Gen Wealth Partners Inc now owns 755 shares of the electronics maker’s stock valued at $35,000 after acquiring an additional 455 shares in the last quarter. Institutional investors own 69.80% of the company’s stock.

Analyst Upgrades and Downgrades

GLW has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Corning in a report on Saturday, September 27th. Susquehanna reissued a “positive” rating and issued a $75.00 target price (up previously from $60.00) on shares of Corning in a report on Wednesday, July 30th. Argus reissued a “buy” rating and issued a $68.00 target price on shares of Corning in a report on Wednesday, July 30th. Wall Street Zen lowered Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Wolfe Research started coverage on Corning in a report on Tuesday, July 8th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $71.42.

Insider Buying and Selling at Corning

In other news, EVP Lewis A. Steverson sold 16,646 shares of Corning stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $62.22, for a total transaction of $1,035,714.12. Following the transaction, the executive vice president owned 39,759 shares in the company, valued at $2,473,804.98. This trade represents a 29.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jaymin Amin sold 17,721 shares of Corning stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.18, for a total transaction of $1,367,706.78. Following the transaction, the senior vice president owned 88,722 shares in the company, valued at $6,847,563.96. This represents a 16.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,671 shares of company stock worth $11,816,899. Insiders own 0.40% of the company’s stock.

Corning Stock Up 1.3%

GLW opened at $83.60 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $70.74 and a 200-day moving average price of $55.96. Corning Incorporated has a twelve month low of $37.31 and a twelve month high of $84.35. The stock has a market capitalization of $71.62 billion, a price-to-earnings ratio of 88.94, a PEG ratio of 1.86 and a beta of 1.14.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. Corning had a net margin of 5.77% and a return on equity of 17.27%. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the previous year, the company earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Equities research analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Profile

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.